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Stock Market & Financial Investment News

News Breaks
November 4, 2012
01:48 EDTCSXCSX could begin to lap the worst of the coal declines, Barron's reports
CSX (CSX) has been hurt by record-low natural-gas prices, which in turn have encouraged electric utilities to switch to gas from coal -- resulting in less coal to haul. Coal transport represents about 28% of CSX's revenue. CSX appears to be coping well with its challenges, says Jason Clark, a portfolio manager with Al Frank Asset Management, which has been buying CSX shares of late. It might take awhile for coal to bottom, but the process appears to have begun, he says. The railroad is also making significant cost cuts and productivity strides. CSX offers an appealing 2.7% dividend yield, and it continues to buy back shares. Reference Link
News For CSX From The Last 14 Days
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January 28, 2015
07:23 EDTCSXSenate Commerce, Science & Transportation Committee holds a hearing
Hearing to examine freight rail transportation, focusing on enhancing safety, efficiency and commerce with Vice President Lonegro of CSX Transportation and Chief Operating Officer Brown of Genesee & Wyoming Railroad Services is being held on January 28 at 10 am. Webcast Link

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