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CSX Could Be Derailed by Continued Weak Earnings

CSX (CSX) have been attempting to get its stock back on track after a decline of 43.9%. As coal shipments slow, earnings have been weak and driving down the stock from an all-time intraday high of $37.99 set on Nov. 25, 2014, to its 2016 low of $21.33 set on Jan. 20.

The railroad has been restructuring to offset reduced cargo of coal and energy infrastructure products to support the oil and gas industry at fracking operations near their rail access points. The June report from the Energy Information Administration projects that...