(Source: Freight Waves, April 16, 2019)
CHATTANOOGA, Tenn. — CSX achieved an operating ratio of less than 60 percent in the first quarter amid continued efforts to employ precision scheduled railroading (PSR) throughout its network. First-quarter net earnings totaled $834 million, or $1.02 per share, which is 20 percent higher than net earnings of $695 million, or $0.78 per share in the first quarter of 2018.
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