FELA Lawsuit

Railroad operator CSX Corporation has reported fourth quarter net earnings of $365 million, or 86 cents per share, on revenue of $2.58 billion. The earnings were reported for the three month period ending December 28, 2007 and reflect a significant increase compared to the year earlier profit of $347 million on $2.4 billion of revenue. Csx said that expanding business and productivity more than offset sharply higher fuel costs. The Jacksonville, Florida based company also said that the bottom line was helped by improved safety, which allowed it to adjust its reserves for personal injury claims and lawsuits.

“Our performance has generated significant shareholder value and has led to the highest share price gain of any major North American railroad in the past three years,” said Michael Ward, chairman, president, and CEO. The CSX rail network spans 21,000 miles in 23 eastern states and the District of Columbia. The system also connects to more than 70 ports.