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CSX Is Strengthening with the U.S. Economy

Rare is the day you should ignore a railway. CSX Corporation (CSX), which I first wrote about on May 1, 2009, at a price of $30.56, fits that bill. Here's why:

Look for CSX's revenue to increase 8% to 10% in 2010. Volumes should rise 3% to 4%, and overall prices for transport services should firm, albeit with some softness in selected price categories, as the U.S./global economic recoveries gain momentum in the second half of the year.

Basic materials transport, including coal and scrap, should also experience healthy business gains in 2010, and the company's increased efficiency adds to the positive story.

Continue reading CSX Is Strengthening with the U.S. Economy

GE's 1000th evolution series train delivered

They're big, sometimes a mile long, and they belch smoke. Normally you think of locomotives as relics of an era that passed along with the cowboy on the open range and women in hoop dresses. Locomotives remain mainly in the realm of fascinated kids and hobbyists with a lot of room in their basements. Trains don't exactly get people as excited as hybrid cars or other new technologies, but they are an example of another niche GE is sliding into and getting some amazing results.

GE's transportation section just hit a major milestone, delivering their 1000th Evolution Series locomotive. The first Evolution locomotive rolled off the assembly only 17 months ago. It's a blistering pace. This particular engine chuffed its way to BNSF railway for delivery.

Continue reading GE's 1000th evolution series train delivered

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Last updated: May 28, 2012: 02:55 PM

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