CSX Rail Down 5% on Shocking Conference Call

CSX Rail Down 5% on Shocking Conference Call

This week, rail company CSX (NASDAQ: CSX) dropped 5% in a single day after CEO Hunter Harrison reported that not only was he leaving the company, and not only was CSX planning for 700 layoffs, but also that he thinks fossil fuels are a doomed industry.

In this segment of Industry Focus: Energy, Motley Fool energy analysts Sean O'Reilly and Taylor Muckerman talk about why fossil fuels are so important for CSX, what their apparent demise could mean for the company, and more.

A full transcript follows the video.

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Source: Fool.com