NEW YORK (TheStreet) -- Shares of CSX Corp. (CSX) are up 2.21% to $37.27 after CFO Fredrik Eliasson reaffirmed the company's fourth-quarter outlook and longer-term performance of the rail-based transportation services company at the Credit Suisse Global Industrials Conference today in New York.
"Fourth-quarter volume is tracking at the level we expected, and we are seeing strength across nearly all markets we serve," Eliasson said.
"Longer term, we remain focused on the three key levers that deliver superior shareholder value: pricing above inflation, driving ever more efficient operations and growing our merchandise and intermodal businesses faster than the economy by developing new customers on our network, investing in our intermodal business and leveraging the benefits of the new energy environment," he added.
Separately, TheStreet Ratings team rates CSX CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate CSX CORP (CSX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."