(Source: Reuters, January 15, 2014)
NEW YORK — CSX on Wednesday posted a fourth-quarter profit that fell short of Wall Street’s estimates as rising shipments of chemicals, autos and agricultural products failed to make up for weak coal volumes.
The company said it was on target to keep its operating ratio in the high-60s by 2015. This year, it was at 71.1 percent. Operating ratio is a measure of management’s efficiency for reining in costs. The smaller the ratio, the greater the company’s ability to generate profit if revenue falls.
Full story: Reuters