Class I

CSX Sets Operating Ratio Record in 3Q19

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.

Shareholder Value, or Public Safety?

Date: Sept. 27, 2019. News media outlets report potential life threatening situations with three different Class I railroad freight trains blocking railroad grade crossings, sometimes for hours at a time. These events seem to be increasing, both in number and length of time. Americans are not just inconvenienced. Lives are being place at great risk when a blocked crossing impedes emergency service providers from assisting people in need of help.

Short Lines: Custom, High-Growth Freight Service

Are short lines offering a better customer experience than Precision Scheduled Railroading (PSR)? The Class I railroad business seems to be all about the benefits of PSR. That’s the name of a cost minimization business strategy introduced more than a decade ago at CN, now expanding as the service model at five of the other six large North American railroad companies (Norfolk Southern, CSX, Union Pacific, Kansas City Southern and Canadian Pacific). Class I’s annually earn more than a Federal Railroad Administration-set threshold of $500 million in revenues.