Increasing coal and industrial demand boost railroads

07/14/2010 | Wall Street Journal, The · Reuters · Forbes

Investors watch railroads for an indication of the economy's health, and CSX recently offered a rosy outlook. "Each quarter we see a little more strength," said CSX Chairman Michael Ward. "As we look to the second half of the year, we think almost all our major markets are going to continue to see that gradual recovery." The railroad reported an increasing coal volume, which is a good indication that the economy is moving again. Jason Seidl, an analyst with Dahlman Rose, said he hopes CSX "put some confidence back in investors in terms of the railroads and their ability to grow."

View Full Article in:

Wall Street Journal, The · Reuters · Forbes