JACKSONVILLE, Fla. — CSX Transportation reduced its full-year revenue outlook on Tuesday after revenue and traffic volumes came in lower than expected for the second quarter. The railroad, which had been projecting low single-digit revenue gro...
http://trn.trains.com/news/news-wire/2019/07/17-csx-transportation-reduces-full-year-revenue-outlook-as-volume-declines
Brian Schmidt, Editor, Classic Trains magazine
Broken pencil sharpener in Finance!
Never too old to have a happy childhood!
I'm sure not much of a surprise to CSX insiders. The freight market has been soft for quite some time now. Quarterly results for the others out in the next week or two.. my guess all the others will report disappointing results. CP appears to be the anomaly..Oh well.. we're overdue for a recession which maybe will be more severe due to the ongoing trade disputes.
$8+ drop in the market today!
Yup, more to come here.
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