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CSX Corp.

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CSX Corporation’s fourth quarter 2014 earnings of $0.49 per share were in line with the Zacks Consensus Estimate. Earnings were however 16.6% above the year-ago figure. The company reported better-than-expected revenues driven by growth across all segments.  We believe the company is cushioned by a number of profit generating factors that include favorable rail industry pricing, recovery of the construction sector, ongoing truck-to-rail conversion, and the expansion of network and terminal capacity. Additionally, the company’s focus on operational improvement is also encouraging.  However, the weak 2015 projection for domestic coal shipments poses concern. Moreover, regulatory issues and competition remain as challenges for the company.


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