(Reuters circulated the following story by Nick Carey on September 7.)
CHICAGO — Railroad company CSX Corp. on Thursday reiterated its pricing and cash flow forecast for 2007.
Speaking at an investor conference in New York that was broadcast over the Web, Chief Financial Officer Oscar Munoz said the company was sticking to its forecast for an increase in pricing of between 6 percent and 7 percent despite softness in some sectors of the U.S. economy.
The company still expects free cash flow for the year of $500 million, Munoz said.