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CSX Q3 Earnings: Good Sign for Transports?

CSX starts Q3 earnings for transports on high note.

Railroad giant CSX trading up nearly 3 percent after the close, sitting right at a 2-year high, beat on topline ( $1.08 vs. $1.04, topline of $2.7 billion was in-line) but more importantly:

1) it saw volume growth "in nearly all markets," and

2) raised its 2010 capital investment to approximately $1.8 billion, up from the previously announced $1.7 billion.

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Symbol
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CSGN
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  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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