(Source: Freight Waves, July 25, 2018)
NEW YORK — The strong earnings report issued last week by CSX is reverberating through the quarterly release of class I railroad earnings, which is now at an end. Last week, CSX reported an operating ratio of 58.6%. Wednesday, in its own second quarter earnings report, Norfolk Southern reported a record quarterly operating ratio of 64.6%, improved from 66.9% a year earlier. It was the 10th consecutive quarter in which Norfolk Southern recorded an improved operating ratio. One analyst was blunt, asking CEO James Squires why NS can’t put up numbers like CSX.
Full story: Freight Waves