said Tuesday that its third-quarter profit more than doubled, aided by an insurance gain, higher volumes and improved pricing.
The company's earnings jumped to $328 million, or 71 cents a share, up from $164 million, or 36 cents a share, a year earlier.
Excluding a gain related to insurance recoveries from Hurricane Katrina, earnings were 54 cents a share, above the Thomson First Call mean analyst estimate of 51 cents.
Revenue rose to $2.42 billion from $2.13 billion, topping analysts' forecast of $2.37 billion.
"Improved service, growing volumes and continued strong pricing drove our strong third quarter financial results," said Michael Ward, chairman and CEO, in a press release.
The company said yields in its surface transportation business rose 12%, with improvements across all markets. Volume rose about 2%, led by strength in agriculture, coal and intermodal volumes, which more than offset softness in phosphates and fertilizers, automotive and forest products, CSX said.
Shares advanced $1.01, or 2.9%, to $36.24 in after-hours trading.