The railroad industry has managed to work its way through tough times, and CSX (NASDAQ: CSX) has started to see improving results in the recent past. Even though railroads still face plenty of challenges, investors have been increasingly optimistic that the moves to boost efficiency and find new strategic directions toward faster growth will pay off in the long run.
Coming into Tuesday's third-quarter financial report, CSX investors wanted continued steady progress toward a sustainable growth trajectory. The railroad largely met those expectations, but the open question is whether it can start to accelerate its growth to take advantage of new opportunities for the industry. Let's look more closely at CSX and what its latest results say about the future.
Image source: CSX.
Source: Fool.com