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CSX: Great — and not-so-great — expectations
As I listened in on CSX Corp.’s first-quarter earnings teleconference this morning, a word that kept running through my mind was “expectations.” The Class I’s financial results exceeded expectations — both its own and Wall Street’s — but the railroad’s...
15 Apr 2009
Word on the Street: U.S. railroads are solid, fundamentally speaking
Even though the Standard & Poor's 500 index is down about 6 percent so far this year, the Dow Jones transportation average is up about 4 percent. What’s a major factor behind the healthy transportation index? U.S. railroads, which are employing solid fundamentals, according to online...
13 Mar 2008