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CSX: THE ECONOMY CONTINUES TO RECOVER

This has been a continuing theme all summer across the rail sector.  The economic recovery appears to be particular strong in this segment of the economy.  Today’s earnings from CSX confirm what we have been seeing in recent rail data:

“As the economy continued to improve, CSX saw volume growth in nearly all markets while delivering another strong performance in safety, service and productivity,” said Michael J. Ward, chairman, president and chief executive officer. “These positive financial results are enabling the company to increase investments that create competitive advantages for customers, grow the business, create jobs and deliver shareholder value.”

Source: CSX

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