CSX Reaffirms Q2 And FY Earnings Guidance - Quick Facts

(RTTNews) - CSX (CSX) Chief Financial Officer Fredrik Eliasson reviewed the company's quarter-to-date volume and service performance and reaffirmed second quarter and full-year 2015 earnings expectations at the Deutsche Bank Global Industrials & Basic Material Conference in Chicago.

The company's intermodal traffic, its main growth market, as well as its construction sector are producing volume growth quarter-to-date. At the same time, CSX sees increasing headwinds in its coal markets. Full-year domestic coal volume is expected to be down at least five percent reflecting low natural gas prices, and export coal volumes are expected to decline to 30 million tons for the year as the stronger U.S. dollar and overseas commodity prices reduce global demand for U.S. coal.

For 2015, CSX continues to expect earnings per share growth in the mid-to-high single digit range and meaningful margin expansion as it progresses toward a mid-60s operating ratio longer-term.