CSX

Railway operator CSX said second-quarter profit increased 47% or $414 million from the previous quarter. CSX had predicted a 96 cents a share increase, but exceeded expectations with the $1.07 a share increase. Revenue rose 22%, pushed by an improving economy and higher prices.

The following is a round-up of news likely to affect stock prices today: Intel (INTC) late Tuesday reported its earnings just about quadrupled to $2.4 billion, or 43 cents per share, beating analysts' estimates of 38 cents per share. Intel's revenue jumped 44% to $10.3 billion, ahead of forecasts...

Investors are rediscovering the railroads, which are among the first to benefit from improved economic activity. One example is CSX, a major provider of rail-based transportation services. A year ago it was trading at $21, but now it's around $50. A recovery could push it a lot higher.