CSX Corp (CSX) is the third largest railroad company in North America. The company operates 21,000 miles of network serving 23 states east of the Mississippi River including two Canadian provinces – Ontario and Quebec. CSX Corp operates in one of the widest moat industries – railroads. The company serves probably most important geographic region in North America – the eastern US, serving 2/3 of the population and over 60% of US industrial production. The company has a diversified traffic volume including intermodal, industrial, agricultural, construction and coal.