csx Q4_2006

CSX reported strong fourth quarter 2006 results, with earnings per share of $0.75 compared to $0.52 in fourth quarter 2005. Surface transportation operating income increased 15% year-over-year to $505 million. Revenue increased 8% driven by an 8% increase in revenue per unit, though volumes were essentially flat. Operations continued to improve, with increases in on-time performance and train velocity and decreases in dwell time. Looking forward, CSX expects continued pricing opportunities and economic growth in 2007-2008, while focusing on further improving safety and service.