CSX says impact of harsh weather on Q1 EPS approaching 10c per share CSX said its first quarter results have been impacted by harsh winter weather and that the impact approaching 10c per share. CSX said full-year EPS growth is now viewed as more modest. CSX added that it is overcoming the transition in the energy markets and that domestic coal volume are now expected to grow in 2014, though export coal volume and price are still expected to remain challenged. CSX sees merchandise/Intermodal growth to be broad-based. Information from slides for presentation at the J.P. Morgan Aviation, Transportation and Industrials conference.
CSX downgraded to Neutral from Buy at Cleveland Research Cleveland Research downgraded CSX to Neutral due to a more cautious view of the rail industry given rising labor costs, lingering near-term service issues, and slowing oil and gas related carload growth.