CSX Reaches Best-Ever OR for a U.S. Class I Railroad; Progress Faster Than We Anticipated
CSX increased fourth-quarter adjusted EPS by 58% and delivered record 60.3% operating ratios for both the fourth quarter and full year. The latter marks an all-time U.S. Class I railroad record and testifies to the strength of late CEO Hunter Harrison’s brainchild, Precision Scheduled Railroading. Clearly with Harrison’s successor CEO Jim Foote and team, CSX is in capable hands. As CSX is realizing operating ratio improvement and collecting cash earlier than we projected, we expect to increase o...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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