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

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.
Comments (2)
  • WMARKW
    , contributor
    Comments (10447) | Send Message
     
    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
  • Dr. Duru
    , contributor
    Comments (1510) | Send Message
     
    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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