If you look at it from a shareholder perspective, it's a good short-term move, since there is a difficult container shipping market now and it makes CSX a pure rail play, ... Five years from now, when container shipping goes through its cycle, there may be second thoughts. But given what's going on now, sure, it's a good move.
More Quotes from Jim Winchester:
There are probably parties out there interested in pieces of Sea-Land, but not interested in taking over the whole group of businesses.Jim Winchester
Any increase in Middle East oil market share is very positive for the tanker business, because the Middle East is the producer farthest from major oil consumption markets.
Jim Winchester
Defense cargo is a good segment of the business and it pays very well. Conceivably it could be a nice benefit for the company and give the stock a lift in the short term.
Jim Winchester
As we look down the road four or five years from now we'll realize that the Internet is an important customer service enhancement for the transportation industry. But 90 percent of the time the important thing is 'Did the ship get out of the dock on time' and 'Did it get into the dock on time.' It's the same for truck or rail.
Jim Winchester
A fairly rapid evolution has taken place in transportation over the last few years with the adoption of the Internet. Really the focus is in inventory management and the management of cargo.
Jim Winchester
Readers Who Like This Quotation Also Like:
Based on Topics: Mind Quotes, Perspective QuotesBased on Keywords: csx
God be thanked for books; they are the voices of the distant and the dead, and make us heirs of the spiritual life of past ages.
William Ellery Channing
Education has failed in a very serious way to convey the most important lesson science can teach: skepticism.
David Suzuki
Fundamentalists are panicked by the apparent disintegration of the family, the disappearance of certainty and the decay of morality. Fear leads them to ask, if we cannot trust the Bible, what can we trust?
Garrett Hardin