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News Summary: CSX disappoints with outlook, 4Q

Published on NewsOK Modified: January 16, 2014 at 1:54 pm •  Published: January 16, 2014

DELIVERY DILEMMA: CSX's fourth-quarter profit declined 5 percent to $426 million, and the railroad warned that it will be difficult to achieve its goals for double-digit profit growth in 2014 and 2015.

COAL CRUNCH: Coal shipments have been declining for several years. CSX says coal demand remained weak longer than expected, which will make it harder to hit the railroad's long-term financial targets.

FREIGHT FORECAST: Even with the disappointments, CSX officials remain optimistic because shipments of intermodal shipping containers, building materials, and crude oil are all growing.