Rise in coal and intermodal revenues drive CSX's results in Q4. Operating ratio too improves. However, overall volumes in the quarter decline.
We expect Kansas City Southern's (KSU) fourth-quarter results to be aided by volume growth. The company is expected to report an improved operating ratio as well.
Markets Closed On Dr. Martin Luther King, Jr. Holiday
Several large banking institutions, including JPMorgan Chase (JPM) and Wells Fargo (WFC), released their latest quarterly results on Friday, marking the unofficial start of busy fourth-quarter earnings report cycle. Here are the reports to look out for in the upcoming week.
CSX's cost-cutting efforts are likely to aid results in Q4. Additionally, the improved coal and intermodal scenario is a further positive.