(Source: Freight Waves, October 17, 2018)
CHATTANOOGA, Tenn. — The Jacksonville, Fla.-based company reported net income of $894 million, nearly double last year’s net income of $459 million. Earnings per share of $1.05 beat the consensus sell-side estimate of $0.95 per share. CSX’s operating ratio narrowed to 58.7%, 970 basis points better than last year’s levels.
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