CSX Corp
CSX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$88.00 | Cjvb | Qtspbpbk |
Union Pacific's Third-Quarter Margins Derailed by Material Wage and Benefit Inflation
Wide-moat Class-I railroad Union Pacific's top line grew 18% year over year on core-pricing gains, higher fuel surcharges, and modest volume improvement. Growth came in slightly ahead of our forecast due to strong yields. Total volume (up 3%) was mostly in line, though intermodal activity fell short on softening parcel-related shipments.