Railroad giant CSX announced it’s third quarter earnings last night. Earnings came in a penny ahead of expectations but revenue came in a little light.Overall volumes fell year-over-year.
Because CSX transports so many types of goods, they’re considered a pretty reliable indicator of the economy.
Management just published their earnings call presentation, and we pulled the key slides that shed light on the economy.
Automobile sales have been bullish for volumes. But coal volume have struggled as America’s manufacturers continue.
Most trends are expected to continue into Q4, except for autos which are beginning to face tougher comparisons
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