CSX Is Strengthening with the U.S. Economy

Filed under: Stocks to Buy

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 3-4%, 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.

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CSX Is Strengthening with the U.S. Economy originally appeared on BloggingStocks on Fri, 30 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

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