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Citi analysts: CSX a "must-own" as earnings growth accelerates

2014-12-05 20:36:09| Railroads - Topix.net

Saying the Jacksonville-based railroad company "is in the early stages" of earnings per share growth acceleration, the analysts raised its target price for the company from $34 a share to $41. Another reason for the boost is that the company has nowhere to go but up, the note said.

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CSX (CSX) Stock Higher Today After Reaffirming Fourth Quarter and Long Term Outlook

2014-12-04 12:26:16| Railroads - Topix.net

"Fourth-quarter volume is tracking at the level we expected, and we are seeing strength across nearly all markets we serve," Eliasson said. "Longer term, we remain focused on the three key levers that deliver superior shareholder value: pricing above inflation, driving ever more efficient operations and growing our merchandise and intermodal businesses faster than the economy by developing new customers on our network, investing in our intermodal business and leveraging the benefits of the new energy environment," he added.

Tags: long today stock term

 
 

CSX buys 550 Water St. for $30 million

2014-12-03 18:33:12| Railroads - Topix.net

Jacksonville-based CSX, through The Atlantic Land and Improvement Co., bought the Downtown property from BP Graham LLC, based in Alabama. The sale was recorded Wednesday with the Duval County Clerk of Court.

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CSX Corp. (CSX) Stock Lower Today on Shale by Rail Risk

2014-12-02 07:26:39| Railroads - Topix.net

The rail-based transportation services company is part of the group affected by OPEC's announcement on November 27 that seems to have triggered a sell-off in Class I rail stocks on the following day, with the sector pulling back 5% on average, analysts said. "Crude by rail represents only about 3% of industry volumes.

Tags: today stock lower risk

 

Northside streets closed for CSX railroad work

2014-11-28 23:17:03| Railroads - Topix.net

CSX Transportation is doing the replacement project on roads south of Eastport Road, where the rail line runs. Beginning on Monday, the work will be at the railroad crossings at Emuness Road, Boote Boulevard, Kraft Road and Hawthorne Street.

Tags: work closed streets railroad

 

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