CSX reports record low operating ratio; KCS exceeds expectations

摘要

CSX recorded an all-time-low operating ratio of 58.4% in 2019, a record for a Class 1, the railway revealed in its full year and fourth quarter financial results published on January 16. The figure improves upon last year's record result of 60.3%. CSX generated net earnings of $US 3.33bn, or $US 4.17 per share, in 2019 compared with $US 3.31bn, or $US 3.84 per share in 2018, an increase of 1% and 9% respectively. CSX announced fourth quarter 2019 net earnings of $US 771m, or $US 0.99 per share compared with $US 843m, or $US 1.01 per share, in the same period last year. CSX's operating ratio set a company fourth-quarter record of 60%, compared with 60.3% in 2018.