CSX stock jumps on strong Q1 earnings report

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CSX Corp.’s stock price surged Thursday on a strong first-quarter earnings report — the first released under the leadership of CEO Hunter Harrison. The stock opened at $50.26, up $3.33 or 7.1 percent from Wednesday’s close, and peaked at $51.15 mid-morning, with a trading volume more than double the recent average day. For the quarter, the Jacksonville railroad (Nasdaq:CSX) saw revenue increase 10 percent from a year ago, to $2.87 billion. Expenses fell by about 13 percent, to $2.16 billion. That...

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