CSX sees record operating ratio in Q2 2019

(Source: Freight Waves, July 16, 2019) 

CHATTANOOGA, Tenn. — Despite a drop in profit in the second quarter, CSX’s operating ratio set a company record. CSX said its operating ratio was 57.4 percent for the second quarter of 2019, setting a company record for the lowest second quarter operating ratio. In contrast, operating ratio for the second quarter of 2018 was 58.6 percent. Operating ratio, which can be a factor in determining a railroad’s profitability, is a ratio that looks at a company’s operating expenses as a percentage of its revenue. 

Full story: Freight Waves

Wednesday, July 17, 2019