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Keyword: railvolumes

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  • CSX: Railroads Face Recession-Like Pressures (rail volumes at Recession levels)

    01/13/2016 3:22:14 PM PST · by Red in Blue PA · 43 replies
    CSX Corp. executives said on Wednesday that current pressures on rail cargo volumes are at levels not seen outside a recession. “You have multiple aspects working against you: the low [natural] gas prices, the low commodity prices, the strength of the dollar,” Chief Executive Michael Ward said during an earnings call with analysts. “Except for markets like automotive and housing related, you’re seeing pressure on most of the markets.”