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CSX profit dips but meets Wall Street expectations

A CSX freight train heads westbound out of a tunnel into Harpers Ferry, West Virginia October 16, 2012.

No. 3 U.S. railroad CSX Corp (CSX.O) on Tuesday reported a slight dip in quarterly net profit, in results that met Wall Street analyst expectations, and said conditions for its business were improving after taking a hit from low commodity prices and a strong U.S. dollar.

CSX reported a slight increase in coal freight volumes in the fourth quarter from a year earlier after nearly...