Comments from a well-regarded CEO --

https://www.yahoo.com/finance/news/t...173436454.html


CSX CEO James Foote has surely seen it all in a decorated 40-year career in the railroad industry.

That is except for the apparently odd behavior of the Trump economy.

“The present economic backdrop is one of the most puzzling I have experienced in my career,” Foote told Wall Street analysts on a conference call Tuesday evening. “Both global and U.S. economic conditions had been unusual this year to say the least and have impacted our volumes. You see it every week in our reported carloads.”

Foote added, “We are seeing a range of conflicting data points and economic indicators and regularly speak with customers who despite the recent downtime — slowdown, remain cautiously optimistic about the second half.”

So is the sound of an industrial CEO fresh off delivering bad news to investors, mostly at the hands of a puzzling global economy rife with tariffs, cautious customers and a lightning rod presidential Twitter feed.