CSX

Five Reasons to Buy Railroad Stocks

Railroad stocks are poised for resurgence despite Wednesday%u2019s post-earnings slips for Union Pacific and CSX. The fundamentals for the industry are solid -- and that includes other railroad operators like Kansas City Southern and Norfolk Southern.

Dow Adds 146 Points on Solid Earnings and Outlooks

Stocks vaulted higher Tuesday after a strong start to the second-quarter earnings season, as industrial bellwethers Alcoa and CSX reassured the market about the pace of the economic recovery. The Dow added 147 points, and all three major averages extended their winning streaks.

Railway Giant CSX Rolled Ahead in Second Quarter

Railway operator CSX said second-quarter profit increased 47% or $414 million from the previous quarter. CSX had predicted a 96 cents a share increase, but exceeded expectations with the $1.07 a share increase. Revenue rose 22%, pushed by an improving economy and higher prices.