At an investors’ conference, Norfolk Southern is still getting asked about its comparison to CSX

By John Kingston, Executive Editor, Freight Waves; September 5, 2018

Even at an investors’ conference sponsored by Cowen Inc. in Boston, Norfolk Southern couldn’t get away from CSX.

Appearing before investors about 3 1/2 hours after CSX CFO Frank Lonegro on Tuesday kicked off one stream of presentations at the Cowen meeting, her counterpart at Norfolk Southern, Cindy Earhart, faced questions about why its operating ratio in the second quarter was significantly worse than that of northeast competitor CSX. For the quarter, NS posted an OR of 64.6%, a record for the second quarter in which is also posted several other record-breaking figures.

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