CSX Corporation (CSX)’s CEO Is The “Number One,” Says Jim Cramer

We recently published 11 Fresh Stocks On Jim Cramer’s Radar. CSX Corporation (NASDAQ:CSX) is one of the stocks Jim Cramer recently discussed.

Railroad CSX Corporation (NASDAQ:CSX) has become the odd one out in the industry as it has been unable to find a merger partner while Union Pacific and Norfolk Southern move ‘full steam ahead’ so to speak. Its shares are up by 1.29% year-to-date as they are dragged by a 9.7% dip in August. The merger woes are behind the dip, as instead of merging, CSX Corporation (NASDAQ:CSX) announced that it would expand its partnership with BNSF to leave investors disappointed. Cramer discussed the stock and the environment in the railroad industry:

“As Joe Hinrichs said to me last night on CSX, for the first time railroads are looking to work together. There is a up to a five day delay every time you get to Chicago because they don’t really, I mean we never really completed one. He’s saying you don’t need to merge, in order to make things more efficient. That would hurt the Norfolk Southern, Union Pacific merger.

CSX Corporation (CSX)'s CEO Is The "Number One," Says Jim Cramer

Pixabay/Public Domain

“Joe Hinrichs’, by the way, his stock was the second best in the group, and if you take out the fluff that developed from Norfolk Southern when you [David] broke the story that there were talks, you actually had the number one performer. So he’s been slagged, and slagged, and slagged, even though he’s number one. And I don’t know if that’s so good.

“No, there’s not a buyer. No, not a buyer.”

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