Restructuring expected to boost CSX stocks 25%

Omaha • CSX Corp. says restructuring and cost cutting under new CEO Hunter Harrison will lift profits at the railroad around 25 percent this year. The Jacksonville, Florida-based railroad says its earnings per share will jump about 25 percent over last year’s $1.81, but that excludes restructuring costs. CSX officials discussed their outlook Thursday, one day after reporting first-quarter earnings. Harrison previously led Canadian Pacific and Canadian National railroads. He says he’s already wor...

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