(Source: Reuters, July 17, 2018)
NEW YORK — CSX’s second-quarter net income jumped 72 percent to $877 million, or $1.01 per share, surpassing analysts’ average forecast of 87 cents per share. Operating ratio, which measures operating expenses as a percentage of revenue and is a closely watched gauge of railroad performance, fell more than expected to 58.6 percent from 67.4 percent in the year-earlier quarter. CSX has improved income by trimming its workforce, reducing service times and running fewer but longer trains.
Full story: Reuters