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Cheap oil, strong dollar pose challenges for CSX, NS
2015-04-16 18:27:20| Railroads - Topix.net
NEW YORK - Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp., and may continue to weigh on their profits. Both companies derive about a fifth of their revenue from hauling coal, which faces competition from lower-priced petroleum products.
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Category:Transportation and Logistics