Part of the problem with V is where its headquarters are located. California about the worst state, after Connecticut, to have state taxes collected because of its high income tax rates. San Francisco is about the worst city to have a building because because of high property tax rates. Compare SGA ratio to revenue between companies - a lot of these costs are in the home office. This is why several companies have left California. Google "SWZ SALARY" to compare the costs of having headquarters in comparable cities. like Omaha, Jacksonville, or Atlanta. I have comparing V to MA for costs for about a week, I am going with MA, even though they are located in New York state because they have done a better job of avoiding unnecessary costs.
So far I have seen only 1 DOT-111 tank car with the end caps that are fortified. The newer, stronger tank cars are not out there yet.
There is a demand for export coal that is still a strong factor. However, because of the so-called strong dollar (don't trust the current government) to other currencies, the demand is down. Google "us coal exports"
CSX ytd carloads of coal is 26%, UP ytd carloads of coal is 26%. Check your data before you run off at the mouth.
Coal 18,300 carloads,down 20%, YOY
gas is not reported ever,
crushed stone, sand and gravel 5,500 carloads up 12%,
petroleum products 4,300 carload up 13%,
Automotive 9,700 Carloads up 14%
Containers & Trailers 54,700 TEU, up 4%
I did not get the data until 1 PM. I think Junior just makes up his data.
UP is carried quite a bit of debt in bonds. BUT none of the debt is paying over 4.5% and none is call protected.
Compare CSX to the S & P 500 1 year, 2 year, 5 year & 10 year charts. It has beat them all.
The daily rate for box car rental does not cost justify making new cars. If they make new cars and charge a rate that will pay off the cost of building the box car, it will drive the traffic back to trucks (pun intended.)
Google "Index of Economic Freedom" and click on "see all Rankings". You will find Cuba's economic freedom is just less than Venezuela and just greater than North Korea. It is not going to be a good trading partner.
You do know about the problem with avian flu among turkeys? Many people may be eating ham for thanksgiving, but that is not going to help SEB right now.
I am sure that G & W will gladly pay the higher state taxes, stiffing the shareholders from any profits. The top management of this company is so self centered.
People who been willing to put their life on the line for their country are to be honored and given a second or third chance. My employer knew that I had certain abilities that my co-workers did not have and was willing to have someone drive me around. The finest computer programmer that I worked with was blind from a grenade accident while serving in the Marine Corps..