CSX Corporation (CSX)’s CEO Is “An Amazing Operator,” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said SpaceX’s Starlink Internet Could Help President Trump. CSX Corporation (NASDAQ:CSX) is one of the stocks Jim Cramer recently discussed.

CSX Corporation (NASDAQ:CSX)’s shares are up by a modest 1.38% year-to-date after a major 9.7% dip in August. The shares tumbled after the firm and Berkshire Hathaway’s BNSF announced a route agreement. While such news typically bolsters rail stocks as it allows them to expand service without significant investments, for CSX Corporation (NASDAQ:CSX) it meant that a merger with BNSF was off the cards for the time being. Here is what Cramer said about the share price movement:

“That was the kind of deal that Joe’s been trying to get it so that thing, you have a three to five layover in Chicago. Which is extraordinary. In this day and age, you still have that?

“CSX has been hurt when you at the actual numbers, David, in terms of performance, by natural disaster and by a problem in a Baltimore tunnel. But I think that Joe Hinrichs is an amazing operator, he’s won a lot of business from trucks, that’s the real competition even though intermodal is the real growth business.”

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Previously, the CNBC TV host commented on whether Burlington North would buy CSX Corporation (NASDAQ:CSX):

“But the fact is, they were never going to go against each other. That’s not, the rails, stop doing that years ago. So, I look at this and I say, Vena makes sense. The only issue is, okay, so, does Burlington North have to go buy CSX? And they do.”

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Disclosure: None. This article is originally published at Insider Monkey.