OMAHA, Neb. (AP) — CSX Corp. says its first-quarter profit declined 8% due to higher expenses, but the railroad says it expects to benefit as the U.S. economy strengthens further over the rest of the year. The Jacksonville, Florida-based company said Tuesday that it earned $706 million, or 93 cents per share, during the quarter. That’s down from $770 million, or $1 per share, a year ago. The results fell short of Wall Street expectations. But CSX reiterated that it expects volume to grow this year at a faster pace than the the economy, which is recovering from the impact of the coronavirus pandemic.
