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[Tuff-Stuff]

CSX rallies on earnings beat, while Union Pacific stock lags
October 20, 2022 at 7:20 PMET

Analysts have said rail stocks 'aren't' yet priced for a freight recession

"Ultimately, results were a bit better than expected, which is positive, and following challenging 4Q guidance from Union Pacific, shares should react favorably assuming CSX can avoid a similar step down,” Citi analyst Christian Wetherbee said in a note following CSX’s results.

CSX and Union Pacific reported earnings as large rail operators try to lock down a deal with rail-worker unions to avert a strike, and as Wall Street frets over freight demand and a possible recession. And after years of trying to keep costs lean amid a decline in coal usage and greater competition from trucking, railroads have tried to hire more people to increase crew sizes in an effort to improve service.

Full
https://www.marketwatch.com/story/csx-stock-rallies-after-q3-results-beat-as-higher-prices-lift-results-11666297409?mod=newsviewer_click