Deutsche Bank-Early Morning Haul Whats up with CSXs service-107518486

DeutscheBankIndustryDateResearch11April2024EarlyMorningHaulNorthAmericaIndustryUpdateCanadaUnitedStatesIndustrialsAirFreight&LogisticsWhat'supwithCSX'sservice?Railservice-ThepublicClass1Railsreportedlastweek'sservicemetricsAmitMehrotrayesterday,withmostshowingimprovement(exceptCSX).Versusamonthago,ResearchAnalystNSC'sspeedwas+6%anddwell-8%,UNP'sspeedwas+1%anddwellflat(car+1-212-250-2076velocitysteadyatjustabove200milesperday),CNI'sspeed+6%anddwell-11%,andCP'sspeed+3%anddwell-4%.However,CSX'sspeedwasflatanddwell+9%BenMohrduetocertainFebruaryderailmentsinkeydouble-trackareasofitsnetworkResearchAnalystweighingontripplancompliance.Wenote,forexample,thatCSX'saveragetrain+1-212-250-1708speedsystemwideisdown7%fromthestartoftheyear,withGraintrainvelocitydown17%.Also,systemwidedwellisup8%sincethestartoftheyear,withdwellChrisRobertsoninBaltimoreup55%(understandableinthecontextofthebridgeoutage);LouisvilleResearchAnalystdwellup61%sincethestartoftheyear,andNashvilledwellup19%overthesame+1-212-250-9995period.We'llseewhatimpactthishasoncostsandmargins,thoughweexpectmorerisksto2Qwhencombinedwithexpectedlowerexportcoalvolumeandyields.Distributedon:11/04/202410:42:11GMTDeutscheBankSecuritiesInc.IMPORTANTRESEARCHDISCLOSURESANDANALYSTCERTIFICATIONSLOCATEDINAPPENDIX1.DeutscheBankdoesandseekstodobusinesswithcompaniescoveredinitsr...