CSX

CSX’s Ed Harris at AARS: Straight Talk on PSR

CSX Executive Vice President Operations Ed Harris addressed his railway operating peers at the annual Association of American Railroad Superintendents conference the week of July 22. The topic was his view of Precision Scheduled Railroading (PSR). We have all seen and read about PSR multiple times. What could Harris possibly add, especially for the experienced operating men and women seated before him?

CSX “achieving record levels of efficiency”

CSX Corp. (CSX) today announced a 2Q19 earnings per share increase of 7% on net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share, in the same period last year. In addition, CSX’s operating ratio set a company second-quarter record of 57.4%, improved from 58.6% the prior year.

CSX names Bezar Chief Strategy Officer

CSX has appointed Farrukh A. Bezar as Senior Vice President and Chief Strategy Officer. He will lead the development of strategic initiatives that support CSX’s “intensified focus on growth and adding value for its customers and shareholders,” the company said. Bezar’s appointment is effective May 29. He will report to CSX President and CEO Jim Foote.

CSX 2018: A record OR

CSX Corp. on Jan. 16 announced 4Q2018 net earnings of $843 million, or $1.01 per share, vs. $4.14 billion, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same period last year. That’s about $.02 per a share better than what analysts expected. Of particular note is that the railroad’s full-year 2018 operating ratio dropped to 60.3%, a U.S. Class I record.