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CSX provided the first evidence of the railroad industry’s continuing strong recovery when...

  • Wednesday, April 18, 2012, 11:31 AM ET
    CSX provided the first evidence of the railroad industry’s continuing strong recovery when it published Q1 earnings that rose 14% to a record $449M. Solid gains in merchandise shipping (up 6%)  and intermodal traffic (up 9%) more than outweighed the 14% drop in coal movements. CSX is the first of the top U.S. railroads to release Q1 results.
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This news story has 2 comments:

  •  
    Volume up 1%, revenue up 6%. So how much is pricing a factor?

    "Revenue in the merchandise segment – agricultural products, automotive products and construction – rose 10 per cent to $1.68bn on traffic up 3 per cent. The segment benefitted partly from increased movements of the “frac sand” used to open up shale gas reserves. Revenue from intermodal movements – shipping containers and truck trailers – rose 19 per cent to $389m on traffic up 9 per cent." Copyright The Financial Times Limited 2012
    18 Apr 2012, 05:28 PM Reply Like
  •  
    Seems like better pricing is a strong factor? That's pretty bullish for the business if they are able to get pricing power to stick.
    19 Apr 2012, 03:29 PM Reply Like
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