Rail Merger Talk and Economic Clues to Dominate Class I Earnings Calls
CSX will lead the rail industry's third-quarter earnings season with its financial results report on Thursday afternoon, featuring new CEO Steve Angel.
Wall Street analysts are expected to closely examine Angel's words regarding CSX's direction and stance on mergers, following activist investors' criticism of former CEO Joe Hinrichs for not engaging in merger talks earlier this year.
A notable merger announcement was made on July 29, between Union Pacific and Norfolk Southern, amidst preliminary discussions.
Activist investors had been critical of Hinrichs for not engaging in merger talks earlier this year.
The earnings call will be the first time investors hear from Angel, who replaced Hinrichs last month.
Author's summary: Rail merger talks and economic clues are expected to dominate Class I earnings calls.
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