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CSX freight volume growth: Angel sees intermodal gains
CSX CEO Steve Angel attributes the railroad’s flat freight volume growth to stagnant global industrial production rather than issues unique to the rail industry. He expressed that while China is no longer a major growth driver and Europe is not expanding, he remains optimistic about long-term reindustrialization in the U.S. and emphasizes consistent service execution, especially for intermodal gains. Angel also shared his perspective on the rail industry’s integral role and cultural depth, and discussed navigating the potential risks and opportunities arising from industry consolidation.