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The strong earnings report issued last week by CSX is reverberating through the quarterly release of class 1 railroad earnings, which is now at an end.
Last week, CSX reported an operating ratio of 58.6%. Wednesday, in its own second quarter earnings report, Norfolk Southern reported a record quarterly operating ratio of 64.6%, improved from 66.9% a year earlier. It was the 10th consecutive quarter in which Norfolk Southern recorded an improved operating ratio.
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