CSX’s Third-Quarter Income Jumps 43%

CSX Corp. said its third-quarter profit jumped 43% as shipments improved.

Net earnings rose to $414 million, or $1.08 per share, from $290 million, or 73 cents, a year ago.

Revenue rose 16% to $2.67 billion, the Eastern freight railroad said late Tuesday. Volume rose 10%.

Intermodal volume rose 19% from a year ago, while revenue increased 6% to $318 million.

CSX operates in the eastern United States and parts of Canada.