By Will Robinson, Reporter, Jacksonville Business Journal; January 17, 2019
CSX Corp. (Nasdaq: CSX) netted $843 million, or $1.01 per share, in earnings in the fourth quarter.
Fourth quarter operating ratio, the measure of how much it costs CSX to generate a dollar of revenue, came in at 60.3 percent, a fourth quarter record. That gave CSX an annual operating ratio of 60.3, a record for U.S. Class I railroads; the company had an operating ratio of 67.9 percent for 2017. CEO Jim Foote last March set a goal of having a 60 percent annual operating ratio by 2020, something that Foote now expects CSX to achieve this year.