CSX is a leading rail freight transport company in America. It operates about 21000 miles of rail tracks across the eastern US as well as the Canadian provinces of Quebec and Ontario. CSX also has access to 70 strategic ocean, river, and lake port terminals spread out over its area of operation. CSX is known for its cost efficiency. It also has rights of way and a network of track which is impossible to replicate. CSX is a wide-moat company with bright prospects.
The 20-year monthly chart of CSX demonstrates the clear uptrend that the stock has been in over the last decade. In February 2020, the stock fell more than 25%. In April, it opened at a gap down from its March close and touched an important support level.