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NAS:CSX, Jul 16, 09:40 UTC

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Will CSX Continue to Impress Investors this Quarter?

CSX

Will CSX Continue to Impress Investors this Quarter? Asit Sharma, The Motley FoolMotley FoolJuly 16, 2018, 8:15 PM GMT. Shares have ascended more than 15% since the company's successful first-quarter report in mid-April, due in part to management's focus on leaner operations and improving efficiency. Last quarter, CSX recorded $2.87 billion in revenue -- an essentially flat result against the first quarter of 2017. Yet volumes declined by 4%, paced by weakness in the company's three biggest segments: chemicals, automotive, and agricultural and food products. CSX surprised investors last quarter with an adjusted operating efficiency ratio of 63.7%, which represented a nearly 6-percentage-point decrease over the prior-year quarter.

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Wednesday, July 11


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Will Cost-Cutting Initiatives Benefit CSX in Q2 Earnings? - July 11, 2018

CSX

A substantial decrease in operating expenses also aided results.With the Precision Scheduled Railroading well underway, things look up for the company in the second quarter as well.Why a Likely Positive Surprise?Our proven model shows that CSX is likely to beat on earnings this quarter on the back of a perfect combination of the following two key ingredients:Zacks ESP: CSX has an Earnings ESP of +1.72%, representing the difference between the Most Accurate estimate and the Zacks Consensus Estimate. While the Most Accurate Estimate stands at 87 cents per share, the Zacks Consensus Estimate is pegged lower at 85 cents. Note that stocks with a favorable Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) have significantly higher chances of beating estimates.Conversely, Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>. Click to get this free report CSX Corporation (CSX) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Tuesday, July 10


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OmniTRAX Affiliate Has Purchased Alabama & Tennessee River Railway And Fulton County Railway From CSX - Press Release

CSX

We thank the CSX team for their professionalism during the process and look forward to working with them to support current and future customers on the two railroads.”. The FCR, based in Atlanta, operates 25 miles of track in the Fulton County Industrial Park providing service to warehouses and light manufacturing companies transporting food products, metals, building materials, paper and packaging products. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and one of the largest operators of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S.

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Monday, July 09


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CSX Announces Senior Executive Changes Nasdaq:CSX

CSX

“Having worked closely with Mark at both CSX and Canadian National Railway Company (CN), I know that his diverse background, industry knowledge and deep understanding of scheduled railroading make him the ideal candidate to effectively lead our company’s sales and marketing team,” said James M. Foote, president and chief executive officer. “Mark worked side-by-side with Hunter Harrison for 20 years and has the strategic vision and executive leadership abilities to effectively drive the next phase of growth for CSX and help us achieve our goal of becoming the best railroad in North America. From my first day on the job at CSX, she has played an invaluable role in helping me and the entire team drive the organization, our culture and our valued CSX employees forward in our transformational journey,” said Foote. Wallace left CP in January 2017 to join CSX in March 2017. Sorfleet joined CSX in June 2011 after many years in human resources with Exelon, most recently as vice president of diversity and development. Sorfleet is a member of the Conference Board’s Chief Human Resources Officers Council and has participated in several additional professional organizations and served on the boards of several non-profit organizations during her career.

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Friday, June 29


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CSX’s Intermodal Volumes Boost Upward Trend in Week 25

CSX

CSX (CSX), another Eastern US prominent railroad, reported a 1.6% YoY (year-over-year) growth in carload traffic. That week, it hauled ~71,300 railcars, up from ~70,200. In 2018, its railcar traffic is slowly getting back on track after a lackluster 2017. Compared with US railroads’ 2.5% YoY rise, CSX reported fewer gains. Its carload volume expansion by percentage was half its competitor Norfolk Southern’s (NSC) 3.1% YoY gains in Week 25.

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Tuesday, June 26


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Comparing CSX’s Rail Traffic with the Industry in Week 24

CSX

In Week 24 of 2018, Eastern US rail carrier CSX (CSX) witnessed a 2.2% YoY (year-over-year) rise in carload traffic. In that week, CSX moved 69,600 carloads, up from over 68,100 carloads in the same week in 2017. In 2018, CSX’s overall traffic is slowly getting back on track after a lackluster 2017.

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Monday, June 25


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REZ-1 Recognized by Supply & Demand Chain Executive for Supply Chain Innovation at CSX Corporation

CSX

REZ-1 was awarded top 100 status for building CSX Corporation intuitive tools to holistically visualize and manage their complex freight transportation system. "As part of bringing end-to-end visibility across assets and the supply chain to our customers, we worked closely with CSX to drive deeper insights into container capacity to help them optimize their fleet and enable CSX to provide greater visibility to its customers," said Pervinder Johar, REZ-1 CEO. "These projects are best-in-class examples of the types of efficiencies and bottom-line results that supply chain executives should be striving toward in their own operations." REZ-1 enables the world's shippers, logistics service providers and asset owners to gain real-time insights through its digital supply chain platform which connects key stakeholders within a neutral collaborative network, brings new efficiencies to complex manual processes and tracks assets across every aspect of the supply chain. For over 20 years, REZ-1 has provided critical container inventory, reservation and financial settlement solutions to North American railroads, intermodal marketing companies, and motor carriers.

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Monday, June 18


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Why CSX’s Rail Traffic Rose in Week 23

CSX

In Week 23, Eastern US rail giant CSX’s (CSX) freight traffic rose slightly, by ~1% YoY (year-over-year). This year, the railroad is slowly getting back on track after weakness in 2017. In Week 23, CSX’s carload volumes grew YoY to ~69,400 units from ~68,700, less than competitor Norfolk Southern’s (NSC), which rose 2% YoY, and US railroads’ (XLI), which rose 2.8% YoY.

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News

CSX train derails, catches fire in Indiana

CSX

American City Business Journals•June 18, 2018. Several cars exploded and caught fire, forcing a mandatory evacuation. The Gibson County Sheriff's Office evacuated everyone within a mile of the incident. The incident comes after CSX Corp. (Nasdaq: CSX) named a new safety officer and hired DEKRA, Inc. to perform a third-party safety assessment.

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Thursday, June 14


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Top Research Reports for CSX Corporation, Eni & Kimberly-Clark - June 14, 2018

CSX ENI +1 more CSX ENI KMB

These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. The Zacks analyst thinks CSX is benefiting from the Precision Scheduled Railroading system, which was implemented by the company’s former CEO — E. Hunter Harrison — who died in December 2017. Notably, the decision to spend €3.5 billion through 2021 for exploration and production operations in 25 countries will likely help Eni reach its daily production target of 900 thousand barrels of oil equivalent in 2021. Kimberly-Clark’s shares have underperformed the Zacks Consumer Staples industry over the last three months, losing -7.3% vs. -5.4%.The Zacks analyst likes Kimberly-Clark’s solid cost-saving efforts, which drove earnings growth in the first quarter.

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