By Will Robinson, Reporter, Jacksonville Business Journal; April 17, 2018
CSX Corp. (NASDAQ: CSX) announced record first quarter earnings of $695 million, $0.78 per share.
The Jacksonville-based railroad improved earnings by $362 million, or $0.39 per, share year-over-year. Its operating ratio, a key measure of efficiency, improved 950 basis points to 63.7 percent compared to 73.2 percent last year. CEO Jim Foote has set a target of 60 percent by 2020.
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