CSX Corp (NYSE:CSX)
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Owns companies providing rail, intermodal and rail-to-truck transload services that combine to form one of the nation's leading transportation companies.
Owns companies providing rail, intermodal and rail-to-truck transload services that combine to form one of the nation's leading transportation companies.
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I live close to a CSX freight yard and the number of carloads/freight trains has been increasing dramatically over the past few years, due to the rising price of gasoline. This is making it more profitable for long-distance freight haulers to load more and more trailers on flatbed cars to transport to freight train yards and having the truckers pick up the trailers from there. Railroading is also helping to containerize domestic cargo in much the same way ships starting doing back in the late 1950's.