Forget Fat Profits as Commodities Grind Spells Railway Slog

  • CSX kicks off tough earnings cycle as coal, oil shipments fall
  • Consolidation unlikely after Harrison abandons bid for Norfolk

With any path to railroad mergers blocked for now, the largest U.S. carriers will have to rely on cost cuts and better service to boost profit. Judging by the first-quarter earnings forecasts, it will be a long slog.

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