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Fly News Breaks for January 17, 2020
CSX
Jan 17, 2020 | 08:57 EDT
Baird analyst Benjamin Hartford expects CSX shares to be weak following Q4 operating results that were slightly below expectations and introduced 2020 targets that were below recent consensus. The analyst sees catalysts in 2020, said growth is at a trough, and its cash flow is strong. Hartford reiterated his Outperform rating and raised his price target to $81 from $74 on CSX shares.
News For CSX From the Last 2 Days
CSX
Jun 4, 2020 | 15:03 EDT
The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending May 30, as well as volumes for May. Total carloads for the week ending May 30 were 179,973 carloads, down 24.2% compared with the same week in 2019, while U.S. weekly intermodal volume was 215,741 containers and trailers, down 10.6% compared to 2019. North American rail volume for the week ending May 30, on 12 reporting U.S., Canadian and Mexican railroads totaled 264,612 carloads, down 22.8% compared with the same week last year, and 293,159 intermodal units, down 9.9% compared with last year. Total combined weekly rail traffic in North America was 557,771 carloads and intermodal units, down 16.5%. North American rail volume for the first 22 weeks of 2020 was 13,698,214 carloads and intermodal units, down 11.6% compared with 2019. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link