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CSX Corporation (CSX)

  • Jul. 27, 2012, 10:59 AM
    CSX (CSX +1.6%) moves higher following CEO Michael Ward's sit-down with Jim Cramer. Ward says U.S. coal shipments have slumped 33% from last year to 1M carloads in 2012, but 80% of its other industries are either stable or improving, including lumber, which is closely tied to housing development. Auto shipments are up 27%; chemicals, nat gas and oil shipments also up.
  • Jul. 18, 2012, 11:37 AM
    A protracted slump in coal demand could continue to hit results for railroad companies as power plants increasingly shift to natural gas in the U.S. A warm winter already left stockpiles high before low natural gas prices reinforced the trend away from coal. In the line of fire: CSX (CSX -0.1%), Kansas City Southern (KSU -0.5%), Union Pacific (UNP +0.3%), Norfolk Southern (NSC -0.1%) - and to a lesser degree Berkshire Hathaway (BRK.A, BRK.A) with its Burlington Northern holding.
  • Jul. 17, 2012, 4:06 PM
    CSX (CSX): Q2 EPS of $0.49 beats by $0.03. Revenue of $3.01B (flat Y/Y) misses by $40M. Shares -0.5% AH. (PR)
  • Jul. 17, 2012, 12:10 AM
    Notable earnings after Tuesday's close: CSX, FIS, INTC, URI, WYNN, YHOO
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  • Jul. 16, 2012, 5:35 PM
    Notable earnings after Tuesday's close: CSX, FIS, INTC, URI, WYNN, YHOO
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  • Jul. 12, 2012, 10:46 AM
    Goldman Sachs takes up coverage on railroad stocks again with a bullish view that the transportation industry has more upside after years of near stagnation. The firm adds Canadian Pacific (CP -0.5%) to its Conviction Buy List and tags CSX (CSX -1.5%) with a Buy rating.
  • Jul. 11, 2012, 3:40 PM
    CSX Corp (CSX): Declares $0.14/share quarterly dividend, in line with previous. Dividend yield 2.5%. For shareholders of record Aug 31; payable Sep 14; ex-div date Aug 29. (PR)
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  • Jul. 10, 2012, 7:23 AM
    The bankruptcy filing from Patriot Coal should only have a minimal near-term impact on CSX (CSX), according to Jefferies as the firm backs its Buy rating on the transportation supplier. CSX is listed as the 6th largest creditor on the filing from Patriot Coal.
    | 1 Comment
  • Jul. 2, 2012, 9:31 AM
    JPMorgan tips railroad companies to beat estimates with their Q2 report as lower fuel prices kick in to improve profits. The rosy outlook on the industry comes against the larger backdrop of a sputtering economy and a price-fixing case that could pester companies for years as it works through the courts. On watch: CSX, NSC], CNI, UNP
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  • Jun. 22, 2012, 10:07 AM
    Railroad stocks open weak across the board after a price fixing case places the spotlight back on regulation and antitrust issues in the industry. Decliners: NSC -1.2%, CSX -2.6%, KSU -1.8%, UNP -1.3%, GWR -0.8%, CNI -0.7%.
  • Jun. 22, 2012, 8:40 AM
    Railroad companies could see a setback after a consolidated price fixing case moves forward through the courts. The lawsuits date back to 2007 and have a political edge with Congressman battling over regulation in the industry. On watch: CSX, NSC, UNP, and Berkshire's BRK.A Burlington Northern Southern.
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  • May. 18, 2012, 2:37 PM
    Kansas City Southern (KSU -0.1%), Norfolk Southern (NSC -0.8%) and CSX (CSX -0.7%) report strong growth in auto shipments but weakness in coal hauling. "The big driver is lower natural gas," CSX says. "Utility coal will have a long term place in our energy supply. We think we're going to stabilize that decline [but] we're not counting on a big uptick."
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  • Apr. 18, 2012, 11:31 AM
    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.
  • Apr. 17, 2012, 4:34 PM
    More on CSX: Q1 earnings beat on both revenue and a per share basis, despite anemic coal volume growth due to slumping demand. Net earnings still managed to rise by 14% Y/Y however, as the railroad reported an 8.5% increase in intermodal volume, which helped to offset the decline. Intermodal volume accounts for about 35% of CSX's overall business, while coal volume accounts for about 25%.
  • Apr. 17, 2012, 4:25 PM
    CSX (CSX): Q1 EPS of $0.43 beats by $0.05. Revenue of $3B (+6% Y/Y) beats by $70M. Shares +2.5% AH. (PR)
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  • Apr. 17, 2012, 12:10 AM
    Notable earnings after Tuesday's close: CREE, CSX, EWBC, FULT, IBM, INTC, LLTC, STX, SYK, URI, YHOO
    | 1 Comment
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Company Description
CSX Corporation operates as a transportation supplier. It provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
Sector: Services
Industry: Railroads
Country: United States