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CSX’s CEO Michael Ward told CNBC Wednesday that the economy was not deteriorating and was in fact showing continued signs of life.  This is consistent with recent rail traffic data which has shown steady year over year growth.  Attached are some comments from the interview with full video attached below:

“We are a good barometer of the economy and we did see some uptick in September,”

“It’s a normal fall peak where retailers are stocking the stores for the Christmas time…We do expect continued growth, not robust but modest, in the coming quarters.”

“If you look at our 10 major markets, five grew, two were flat and three were down…Clearly the economy moderated some,”


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