(( CSX CEO Discusses Q3 2013 Results - Earnings Call Transcript , Seeking Alpha, October 16, 2013)) In the fourth quarter, CSX's export coal business is forecast to grow marginally primarily on weak y-o-y comparisons. The ratio was impacted by factors such as higher incentive compensation, inflation, volume-related expenses and cycling of prior year's real estate gains. We expect the intermodal business to be a long-term growth driver for CSX, thanks to the massive highway-to-rail conversion opportunity present in the market coupled with the company's investments to increase its capacity in this area.
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