Economic downturn likely to impact CSX earnings

[Juniata Man]

Paul_D_North_Jr

 

 

Juniata Man

 diningcar

Thank you,

 

This information assists participants at this site to spend our time with you, or not.

 

If I may loosely borrow from John Lennon - “I’d like to thank you on behalf of the group and I hope we‘ve passed the audition.”

 

 

"Upon this point a page of history is worth a volume of logic." - U.S. Supreme Court Justice Oliver Wendell Holmes, Jr. 

 

 

Paul; when Lennon uttered this line in 1969 he was being facetious as was I in using it now. 

 

Now; back on topic; Mac, you mention CSX’s spending on signals and bridges increased.  I am aware that with PTC implementation has come the need for some of the railroads to replace their legacy signal systems.  

I will not pretend to be an accountant having taken only the minimum hours required to obtain my degree years ago but; would CSX have included that cost as a capital improvement or categorized it as PTC related?

[CMStPnP]

Juniata Man

If I may loosely borrow from John Lennon - “I’d like to thank you on behalf of the group and I hope we‘ve passed the audition.”

LOL, it was rude to ask but nice of you to be honest, if you were honest.   It's an informal board of discussion not a professional forum.     Also if your new to the TRAINS Discussion Forums, the interaction with other posters can work roughly like this video sometimes........so beware and have a thick skin sometimes.

https://youtu.be/TwOGMNrFBiM

 

[Juniata Man]

CMStPnP

 

 

Juniata Man

If I may loosely borrow from John Lennon - “I’d like to thank you on behalf of the group and I hope we‘ve passed the audition.”

 

 

LOL, it was rude to ask but nice of you to be honest, if you were honest.   It's an informal board of discussion not a professional forum.     Also if your new to the TRAINS Discussion Forums, the interaction with other posters can work roughly like this video sometimes........so beware and have a thick skin sometimes.

https://youtu.be/TwOGMNrFBiM

 

 

I’m a newby on this particular forum but, am very familiar with the forum associated with Newswire and the fact that interaction over there can sometimes leave one with bruises. (Insert winking emoticon here.)

I‘ll apologize for hijacking this thread but; would like to relate one story concerning a contentious exchange I once had over there with a gentleman who used the monicker “rail pundit”.

There was something familiar about the way this gentleman phrased his comments so, on a hunch, I sent an email to a longtime industry buddy - the late Larry Kaufman, asking him if he was “rail pundit”.  I shortly received a phone call from Larry admitting I had correctly guessed his identity and wondering how in the devil I’d managed that.  I told him he had a very unique style of writing that I had recognized in his forum response to me.  Larry said that was probably one of the better compliments a writer could receive and, despite the earlier contentious exchange, we remained friends until his death.

And yes; I was completely honest when I noted my background in that earlier response.

[PNWRMNM]

Juniata Man

Now; back on topic; Mac, you mention CSX’s spending on signals and bridges increased. I am aware that with PTC implementation has come the need for some of the railroads to replace their legacy signal systems. I will not pretend to be an accountant having taken only the minimum hours required to obtain my degree years ago but; would CSX have included that cost as a capital improvement or categorized it as PTC related?

With the understanding that I am not privy to CSX accounting, I am 99.99% sure all carriers are capitalizing their PTC expenditures. They are capital investments after all. I suspect all railroads are breaking out PTC Capex for both practical and political reasons. If I were doing the accounting and PTC forced me to modify my existing signal system, I would put that in the PTC bucket.

The item I refered to seemed to cover all fixed plant Capex except track, PTC, and capacity enhancement. I did not study the footnotes.

Mac