Comment / On the wires: CSX hammered – 'Thank you, folks'

Thank you, folks: CSX has shed over 1,000 employees on a comparable basis, but management is adamant staff is key to its success story while it continues to splash out top dollars on buybacks. That’s capitalism at its best, the bulls could argue, while the writing was on the wall well before results were out, according to the bears – both for staff and shareholders.

Headline numbers: While results were mixed, CSX proved once again to be incredibly skilled at managing its ...