Employed as: APE, for 30+ years
Posted: 01 November 2018
What's not "needed" today. Can become very valuable tomorrow.
What's sold off today can not be replaced.
CSX CEO Jim Foote told the Business Journal after the company's third
quarter earnings call that there was not a geographic or
commodity-specific strategy to the lines the company is looking to
sell. Rather, CSX is selling lines "that don't really fit well with
our network anymore" and lines "that might have strategic value for
CSX, but might be a better fit for someone else," according to Foote.