Company Perspectives: CSX is a transportation company committed to being a leader in railroad, inland water, and containerized distribution networks. To attract the human and financial resources necessary to achieve this leadership position, CSX will support our three major constituencies: For our customers, we will work as a partner to provide excellent service by meeting…
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Companies in the Railroads industry operate railroad tracks and/or trains, as well as transport cargo and passengers. These corporations are generally established and stable, and offer lower-than-average dividend yields. Today, Stock-Callers.com reviews the following equities: CSX Corp. (NASDAQ: CSX), Union Pacific Corp. (NYSE: UNP), Westinghouse Air Brake Technologies Corp. (NYSE: WAB). Jacksonville, Florida-based CSX…
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CSX Corp. (CSX) has been receiving awards while delivering for investors. In regards to the former, CSX was just named to the Dow Jones Sustainability Index for North America for the sixth year in a row, and it received the Award of Excellence in Public Safety for its “CSX Rail Respond” mobile-commuting application. CSX was…
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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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A century after transforming global trade and markets, the Panama Canal is about to revamp world trade once again. On June 26 the canal is scheduled to reopen after a massive project costing more than $5 billion that will allow bigger ships to pass through the 102-year-old waterway, doubling cargo capacity. U.S.-based businesses are recognizing…
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