Company Overview - CSX Corporation (NASDAQ:CSX) is a leading transportation company that provides rail service, intermodal options, and rail-to-truck transload solutions for customers across a wide range of markets [4] Financial Performance - CSX's third-quarter earnings showed mixed trends, with volumes reaching 1.61 million units, up 1% from the same quarter of 2024 and 2% higher than the previous quarter [2] - Revenue for the period was $3.59 billion, down 1% year-over-year, impacted by lower export coal prices and softer merchandise volume, although stronger pricing in merchandise and growth in intermodal shipments helped cushion the decline [2] Operational Metrics - CSX reported its fastest train velocity since early 2021, with dwell time at its lowest level since mid-2023, and the average daily cars online fell to its lowest point since 2020 [3] - The completion of the Howard Street Tunnel and Blue Ridge subdivision projects ahead of schedule is expected to boost capacity and resilience moving forward [3] Industry Outlook - Morgan Stanley raised its price target on CSX to $30 from $27 while maintaining an Equal Weight rating, reflecting a positive outlook for the freight transportation industry, upgraded to Attractive from In Line for the coming year [2] - The analyst noted that risk and reward levels in the freight transportation sector look better than they have since 2020, despite some ongoing uncertainties [2]