Juggler is balancing on railroad

I will make this nice and short for the bears: remember all the nonsense about the massive problems that CSX has been faced with since Q2 numbers were announced? Forget about it.

While certain structural challenges persist – in Q3 merchandise revenue growth was more than offset by coal and intermodal declines – contained in this note are three screengrabs that hopefully are self-explanatory, and point to what shareholders might expect in future.

Notably, its chief operating costs (labour, materials and fuel) ...

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