CSX Bypasses 2017 Service Issues, Reaches Record 1Q Margins
CSX improved its first-quarter operating ratio impressively. Its operating metrics look poised to outperform other large railroads this period, in sharp contrast to its struggles with routing delays and customer service disappointments as it rolled out a scheduled railroading plan beginning second quarter last year. One quarter does not make a trend, but it’s typical for the first to be the most margin-challenged due to harsh weather, and the 63.7% operating ratio bodes well for fulfilling the 6...CSX provides rail-based freight transportation services. The company's principal operating subsidiary, CSX Transportation, Inc., provides a link to the transportation supply chain through its rail network, which serves centers in states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. The company's CSX Intermodal Terminals, Inc. subsidiary owns and operates a system of intermodal terminals, primarily in the eastern United States and also performs drayage services (the pickup and delivery of intermodal shipments). The company's Total Distribution Services, Inc. subsidiary serves the automotive industry with distribution centers and storage locations.
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