SA: CSX operating ratio hits a new record

SEEKING ALPHA reports:
The company’s operating ratio fell 80 bps during the quarter to set a Q1 record of 58.7%.
Revenue for the quarter was down 5% as growth in merchandise revenue was more than offset by declines in coal and other revenue. Expenses were down 7% as efficiency gains continued.
– To read the full post, please click here.
– The Form 8-K is here.
– The earnings call presentation can be found here.
– …

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Source: The Loadstar

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