Clarence Gooden's Blogspot: CSX CFO Speaks at Deutsche Bank Global Industrials Conference

Thursday, June 18, 2015

CSX CFO Speaks at Deutsche Bank Global Industrials Conference

In early June 2015, Fredrik Eliasson, the chief financial officer of CSX Corporation, spoke at the Deutsche Bank Global Industrials and Basic Materials Conference in Chicago. During his speech, he provided details about the company's strong performance over the course of the previous decade. In this period, CSX achieved an average annual growth in earnings per share of 20 percent, and grew margins by more than 1,600 points. This growth occurred despite a reduction in coal transportation, which formerly served as the company’s most profitable area of business.

Looking to the future, Eliasson explained that the company is on track to deliver steady earnings per share during the second quarter of 2015, with slight gains possible. CSX continues to grow due to its efforts to expand merchandise and intermodal businesses, its commitment to efficient operations, and its above-inflation pricing. Additionally, a dedication to service underpins the company’s success and will prove extremely important in this year’s second quarter, as new resources across the network become operational.

For the entirety of the year, CSX expects earnings-per-share growth to approach the mid- to high-single-digit range. Individuals can learn more about these projections at CSX.com.

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About Clarence Gooden

For the last 10 years, Clarence Gooden has functioned as chief commercial officer and executive vice president of sales and marketing at CSX Corporation, a major railroad operator based in Jacksonville, Florida. In his current role with the company, he is responsible for 800 sales-and-marketing professionals working at CSX headquarters and more than 30 field offices. During his time at CSX, he has played a key role in the expansion of crude-oil-by-rail operations serving markets in New Jersey and Philadelphia, as well as parts of eastern Canada. Clarence Gooden has also helped facilitate organic growth by providing employees with increased opportunities for new customer engagement and by developing an award-winning, industry-leading customer service system.

Mr. Gooden first joined CSX nearly 45 years ago. In addition to his work with the company, he maintains relationships with several important industry organizations, such as the National Freight Transportation Association and the Transportation Advisory Board. He also interacts with the Federal Reserve Bank of Atlanta and TTX Company.