Following the release of better-than-expected earnings, Michael Ward, CEO of rail operator CSX Corp., told CNBC on Wednesday he does not see evidence of the recent economic pullback in his business.
"Overall we're still in a slow growth mode: one to two percent kind of growth in the economy," he said in a "Squawk Box" interview. "[But] whatever GDP is, we will growth at a faster rate than that."
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After the closing bell on Wall Street Tuesday, the rail giant reported first-quarter profits of 45 cents a share—five cents above analysts' estimates.
CSX also approved a 7 percent increase in its quarterly dividend and a new $1 billion share buyback program.