Here's Why Investors Should Hold on to CSX Stock for Now
CSX(CSX) Zacks Investment Research·2024-03-14 13:16
CSX Corporation's (CSX) efforts to reward its shareholders are promising, buoyed by positive coal revenues and improved liquidity, indicating further positive momentum. However, CSX is grappling with difficulties in its intermodal operations and burdensome operating costs, posing significant obstacles to its success.Factors Favoring CSXHigher export coal volumes, domestic intermodal shipments and growth in other segments, along with pricing gains, are boosting CSX's top line. Export coal strength drove a 3% ...