Boston, MA 05/15/2014 (wallstreetpr) – CSX Corporation (NYSE:CSX), a 185 year old premier transportation company that has played pivotal roles in critical industrial development and significant economic expansion across the U.S, has recently received an accolade for its diverse business endeavors, practices and proficient hiring of manpower. It tops the DiversityInc’s veterans’ 2014 list, faring as the best among 1.215K companies. CSX has bagged this top notch accolade, second year in-a-row!
The Harsh Winter!
Michael J. Ward, the President and CEO of CSX Corporation (NYSE:CSX) exhibit nonchalant contentment and pride in creating the ideal environment across the U.S. To attract and develop the brightest talents, whose invaluable experiences have always been the driving force behind the company’s exquisite services to the nation.
The last winter was harsh upon CSX, as transportation services got severely affected! Executive Vice President at CSX, Fredrik Eliasson, conjectured in the Boston Transportation Conference that, despite such difficult conditions, CSX is well poised to suitably capitalize on the market opportunities and underlying economic strengths and amass maximum profits for the rest quarters of 2014.
CSX Q1 Report!
Despite the disruptions, CSX Corporation (NYSE:CSX) had EPS of $0.40, with its net earnings of $398 million, down from Q1-2013 earnings of $462 million. Its merchandise show and coal utilization has shown continued strength. Dividends have increased by 7% per quarter and stands at $0.16 per share, payable from Q2.
Back On Track?
Quite certainly, CSX Corporation (NYSE:CSX) seem to be back on track as voluminous transportation services increased by 9% through the first few weeks in Q2, 2014. CSX has a rich history to boast of, over the span of the past 10 years, which revolves across how the entire unit managed to produce significant earnings growth phenomenally, for its stockholders or investors, despite suffering voluminous loss in coal during the winters!
Safety Breach!
CSX Corporation (NYSE:CSX) faced scathing repercussions pertaining to safety issues, as a train shipping crude oil, unfortunately, derailed in Lynchburg, Virginia. As North American states are witnessing an increase in crude oil production, railroads are considered the best mode for transporting oil. However, increased safety breach issues with regard to oil shipment has caught CSX off-guard! It is highly likely that CSX’s claims of top notch safety vigilance shall be closely monitored from all quarters.
