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.