CSX Corporation (CSX)’s Fourth Quarter 2014 Earnings Conference Call Transcript

Fredrik Eliasson

I don’t think we’ve had the math in front of us to do that. You do have this total fuel surcharge revenue that we reported as to be that I also think is actually in our quarter slides. You can look at the total revenue from fuel and then you can model that out, I think to get a sense depending on different highway diesel prices what the impact would be.

Donald Broughton

Alright I’ll just back into it that way then, thank you, gentlemen.

Clarence Gooden

Thank you.

Operator

Thank you. Our final question today is from John Mims with FBR Capital Markets.

Clarence Gooden

Good morning, John.

John Mims, FBR Capital Markets

Hey, good morning. Thanks for slipping me in here. So a question on the chemical book. If you exclude crude oil and oil and gas comments for a minute and just look at more traditional volumes, can you provide some color or just outlook on demand and pricing and contracting for your activities down in the Gulf and just your non-oil related volumes?

Clarence Gooden

Yes. The other lines of chemical business is grown about 2-3%. That’s pretty much in line with what the chemical industry has been growing. Actually, it’s a little high on the plastics end growing at about 2-3% over what its been for the last six or seven years. Pricing has been very good in the chemical side of the business, particularly in the renewals that have occurred in the fourth quarter and are in fact incurring in the first quarter so we’re very pleased with what we are getting in the pricing in those areas. Does that answer your question?

John Mims

Yes, it does. It’s helpful. And what’s the split between your traditional chemicals versus your oil and gas right now within that segment?

Clarence Gooden

Oil and gas is a major part growing of that portfolio but it’s the plastics part of the business is still the largest by far.

John Mims

Is there a percentage you can give? I know you’ve put out numbers as far as what gas is for the total book but just within chemicals?

Clarence Gooden

I don’t have it off the top of my head.

John Mims

Okay. Alright, I can just back into something thanks a lot. Other questions have been answered.

Michael Ward

Thank you.

Clarence Gooden

Thank you everyone for your attention and we appreciate it . We’ll see you next quarter.

Operator

Thank you. This concludes today’s teleconference. Thank you for your participation in today’s call. You may disconnect your line.