Los Angeles-CSX Corp (CSX.O) on Wednesday, it was reported quarterly profits that exceeded the expectations of wall Street, but the promotion fell 2 percent later such as the railway operator No. 3 gave a forecast is the least persistent rise in profit for the year 2019.

CSX predicts low specific rescue hoist for 2019 subsequent rise of 7.4 percent last year.

Executive Director James Foote told Reuters, in fact that monitoring displays moments covering the planned reduction of his intermodal proposals, while he will sell improvements rather than the expected slowdown in the US economy.

His comments come as the cooling of the economy in Asia and Europe roil mass stock markets and fuel afraid, in fact that the economy of the USA will stumble.

” But it is not easy to avoid volatility in the stock markets, I can not name any direction in our commercial now, which would show an important slowdown in our business, " said Foot at a conference call.

Analyst Edward Jones Dan Sherman stated about the monitoring of CSX profits “ " we are at the beginning of the year and they offer something that, in their opinion, "meets" with all sorts of criteria.”

FedEx Corp (FDX.N) in December cut personal monitoring for 2019 subsequently such as Europe's economy weakened and the USA commercial series worsened cooling in China. The firm, which is seen as a business leader, said, in fact, that the economy of the USA remains " strong."[L3N1YN51P]

The unsullied CSX benefit in the fourth quarter collapsed to $843 million, or $1.01 for the promotion, opposite to $4.14 billion, or $ 4.62 for the promotion, last year when it booked tax reform as a result of the 2017 tax and workers ' space reduction and restructuring Act.

Experts, on average, were expecting profits in the amount of 99 cents promotion for the final quarter, according to the data Refinitiv IBES.

Profits increased by 10% to $ 3.14 billion in the last quarter, helped by an increase in shipments and freight tariffs.

CSX's operating ratio, a measure of operating costs as a percentage of the recovery and carefully monitored performance steel road, was 60.3 per cent opposite to 60.7% in the last quarter. Steel road increasing the benefit, reducing the operating factor.

CSX said, in fact, that it is waiting for its compliance with operating 2019 to beat its own task by 60% and to introduce the goal of spending $ 1.6 billion to $ 1.7 billion this year.

CSX promotions dropped 2.1 percent to $ 64 in non-trading hours on Wednesday. Directors of the company on Tuesday approved a fresh program of redemption of promotions for $5 billion.