Railroad company CSX Corp. says it has had a better than expected second quarter and plans on hiring for transportation jobs in Florida in the near future.
They’ve also have great gains this quarter and point to the economy going into recovery as the reasons behind the profits.
CSX is based in Jacksonville, Florida. The company says they plan to hire 500 to 1,000 new employees as early as next year.
“While the economy remains dynamic, our markets overall continue to improve, and our outlook remains positive,” said Michael J. Ward, chairman, president and chief executive officer. “At the same time, CSX has demonstrated that it can be successful in a wide array of economic conditions, and that’s what we will continue to do.”
Revenue in the second quarter increased 22 percent from the prior year to nearly $2.7 billion, with volume gains across all major markets. Revenue growth and continued operating leverage drove all-time record financial results, including operating income of $768 million and an operating ratio of 71.2 percent.
“CSX employees remained focused on creating value for our customers to help them compete in today’s economy,” Ward said. “As a result, we delivered another strong quarter of financial results for our shareholders while continuing to make high levels of investment in the nation’s freight rail system.”
CSX Corporation, based in Jacksonville, Fla., is a leading transportation company providing rail, intermodal and rail-to-truck transload services. The company’s transportation network spans approximately 21,000 miles with service to 23 eastern states and the District of Columbia, and connects to more than 70 ocean, river and lake ports.
