Summary
CSX Corporation (CSX) has provided an optimistic outlook for 2010, projecting double-digit earnings per share (EPS) growth. This positive forecast is underpinned by anticipated strong volume and revenue expansion. Key drivers identified include robust export coal shipments, which are expected to reach approximately 30 million tons for the year, and significant improvements in the company's operating ratio.
Key Highlights
- 1CSX expects double-digit earnings per share (EPS) growth for fiscal year 2010.
- 2The company anticipates strong volume and revenue growth contributing to the EPS target.
- 3Export coal shipments are projected to be a significant contributor, potentially reaching 30 million tons.
- 4CSX expects to achieve substantial improvements in its operating ratio.
- 5This forward-looking statement was made by Oscar Munoz, Executive Vice President and Chief Financial Officer, at the Stifel Nicolaus Transportation & Logistics Conference.