CSX, a rail transportation company, said it continues to expect double digit earnings growth for 2015, though said achieving that target may be more of a challenge because of an expected decline in coal movements.

Chief Financial Officer Fredrik Eliasson told the JP Morgan Aviation, Transportation and Industrials Conference in New York Wednesday that domestic coal volume is likely to decline at least 5% in 2015.

He also noted that as oil prices remain low, the company expects growth in crude oil shipments to be more moderate than originally expected.

The company posted earnings per share of $1.92 in 2014 on revenue of $12.9 billion. Analysts are expecting EPS of $2.15 in 2015.The shares are down 0.8% in early trading at $33.84 with a 52-week range of $27.14 – $37.99.


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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.