CSX's earnings fell 22% in the third quarter as the railroad wrapped up two major construction projects that were limiting traffic, but volume was still up slightly and the results were weighed down by a one time charge.
The Jacksonville, Florida-based company said Thursday it earned $694 million, or 37 cents per share, in the quarter. That's down from $894 million, or 46 cents per share a year ago. But without a $164 million goodwill impairment charge, the railroad would have earned $818 million, or 44 cents per share.
