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CSX to Outline Plans Targeting a 60 Percent Operating Ratio at 2018 Investor Conference

CSX (CSX)  More Company Research Source: GlobeNewswire
Last csx earnings: 7/17 04:02 pm Check Earnings Report
US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
PDF NEW YORK, March 01, 2018 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ:CSX) President and CEO James M. Foote today will outline CSX’s plans to build upon the foundation of the company’s scheduled railroading model, increase efficiency, control costs, grow the business and target a 60 percent operating ratio by 2020. “Our continued focus on service and efficiency improvements have helped generate momentum in our effort to create a better product offering for customers and strong financial returns for shareholders,” said Foote. “While our scheduled operating model has already produced significant operational and financial benefits, substantial opportunities exist to further optimize the network, leverage excess capital, create savings and grow our franchise.” Highlights of CSX’s Financial Targets Full-year operating ratio of 60 percent by 2020Revenue growth at a compound annual rate of 4% in 2019 and 2020Average annual capital expenditures of $1.6 billion through 2020Cumulative free [Read more]

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