CSX Corp reported a stronger-than-expected quarterly profit, citing rising freight volumes in nearly all its markets.

The railroad, one of the largest in the United States, reported a third-quarter profit of $414 million, or $1.08 a share, up from $290 million, or 73 cents a share, last year.

Revenue rose 16 percent to $2.7 billion.

Analysts, on average, expected Jacksonville, Florida-based CSX to report a profit of $1.04 a share on sales of $2.7 billion, according to Thomson Reuters I/B/E/S. (Reuters)