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CSX Faces an Uphill Climb in 2016

2016-04-13 20:44:18| Railroads - Topix.net

Railroads have been a casualty of the rapid change in the energy markets, with the emergence of cheap natural gas putting a huge dent in the demand for rail shipments of coal. CSX have substantial exposure to the coal-rich Appalachian region, and coming into CSX's first-quarter financial report Tuesday, investors had expected that the company would continue to see earnings and revenue declines.

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