The war on coal is hurting many businesses that rely on coal, and I’m working to make sure good-paying jobs are here for West Virginians. I gave CSX employees in Huntington an update about my efforts to stop this administration’s radical agenda. source: Rep. Evan Jenkins facebook
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CSX delivered a terrific second quarter; although revenue decreased 12% due to freight volumes dropping, CSX still managed to crush analyst expectations of $0.44 with a $0.47 EPS. This beat, can be attributed to management,s operational efficiency efforts and reducing costs where the company could. CSX focused on what it could do in times of turmoil….
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Railroads are fantastic businesses: their scale is hard to match, new companies can’t just build new railroads, trucking goods is almost 4x as expensive as shipping by rail, and they throw off a fantastic amount of free cash flow. Unfortunately, it is a cyclical business and earnings can fluctuate quite a good amount, especially when…
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The fate of BNSF Railway Co.’s new terminal near the Port of Los Angeles is now in jeopardy even though it has been in development for 10 years at a cost of more than $50 million and would provide badly needed rail capacity. In March, a judge halted the railroad’s plans, ruling its environmental review…
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One of the enduring ideas found in Dow Theory is that transportation companies can provide insight into the overall health of the US economy. As more goods are manufactured, more ore and coal mined, more corn farmed and cattle raised, the transport company’s business expands as they bring these goods to market. Even though we…
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CSX’s total railcars CSX Corporation (CSX) is a major operator in the Eastern US. CSX, along with Norfolk Southern (NSC), holds a virtual duopoly in that region. In the week ended April 9, 2016, CSX’s railcars, excluding coal and coke, declined by ~5%. CSX hauled ~55,000 units in the same week against 58,000 units in…
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