We expect CSX to continue improving its operating ratio, despite secular coal weakness.
CSX announced on Dec. 16 that its CEO Hunter Harrison, 73, has died. Harrison started his career as a laborer at the Frisco, and ended it after he turned around three large railroads from near-worst-in-class performance to best. Harrison set a new standard for the operating margins and asset efficiency North American railroads can accomplish. We reduced our fair value estimate Friday to $51 from $54 as we incorporated slower operating ratio improvement than we assumed prior to the announcement 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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