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Morgan Stanley downgrades CSX, Landstar on freight outlook

2016-02-29 20:46:14| Railroads - Topix.net

The outlook for freight transportation is bleak over the coming months, and that is impacting a couple of significant Jacksonville-based companies, CSX Corp. and Landstar System Inc. Analysts at Morgan Stanley last week downgraded their ratings on both companies, as part of an overall look at the state of the freight transportation market. The analysts said in their report the outlook for railroads is 'unfavorable' and rated CSX at the bottom of their rankings of rail stocks.

Tags: morgan outlook stanley freight

Category:Transportation and Logistics

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