CSX’s first-quarter 2020 operating ratio set a Class I railroad first-quarter record of 58.7%, improving 80 basis points from 59.5% in the prior year. The railroad achieved this milestone in the face of a drop in revenues, with a corresponding drop in expenses. CSX withdrew its guidance for the remainder of the year.
CSX was recently interviewed about its dive into the virtual training simulation world with interactive training provider Heartwood. The goal of the interview was to explore the opportunities and challenges the company faced while adopting this new technology, and to share their industry outlook around it.
CSX—the first U.S. Class I to report fourth-quarter and full-year financials—reached an all-time-low operating ratio of 58.4% for full-year 2019.
CSX’s first Train Inspection Portal (TIP), southeast of Waycross, Ga., aims to usher in a new era of railroad safety technology.
CSX Corp. recently appointed Jeffrey D. Wall as Vice President of Labor Relations.
CSX has designated the Henderson Bypass Rail Site in Henderson, Ky., as a CSX Select Site, a “development-ready property along the CSX network where standard land use considerations and comprehensive due diligence items have been previously addressed … able to meet the needs of a wide variety of manufacturers, significantly reducing the time required to construct facilities and ultimately bring products to market.”
CSX Environmental Field Services Senior Manager Brian M. Zacker received the 2019 North American Environmental Employee Excellence Award from the Association of American Railroads (AAR), the “highest honor for industry environmental professionals.”
CSX is taking a bold transparency move. In releasing its Trip Plan Compliance performance information, it is also at the early stages of disclosing how poor logistics delivery to customers has been in the past. But, to correct and improve, it is necessary to admit the depth of the service challenge. That’s a good thing.
CSX announced 3Q19 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year—an EPS increase of 3%. CSX’s operating ratio set a new company record of 56.8%, improved from 58.7% in the prior year.
CSX has made several changes in its sales and marketing leadership team, promoting Farrukh Bezar to Senior Vice President Marketing and Arthur Adams to Vice President Merchandise Sales. Vice President Industrial Products Dean Piacente and Vice President Food and Agricultural Products Tim McNulty are retiring following more than 30 years of service.