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JANUARY 13, 2009

CSX to Take Noncash Charge on Resort

Article
Comments

Railroad giant CSX Corp. said it will take a fourth-quarter non-cash charge of 27 cents a share, due to the economic baggage from the lavish Greenbrier resort it owns in West Virginia.

In a preliminary disclosure ahead of full financial results later this month, CSX said it earned 63 cents per share in the fourth quarter. Higher overall freight charges allowed CSX to post $2.7 billion in revenue, up 4% from ...