USA: ‘The railroad has never run better and we are delivering great service to our customers’, said CSX President & CEO James M Foote when presenting the railway’s results for 2019. ‘What is really amazing is how our employees stepped up to produce efficiencies during tough economic conditions.’
CSX Corp recorded a 1% year-on-year increase in net earnings to $3·33bn, with earnings per share up 9% at $4·17. Revenue was down 3% at $11·9bn.
The railway said its operating ratio of 58·4 was a US Class I record, improving on last year’s 60·3.