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Mar 31, 2020
CSX Q1 2020 Earnings Report
CSX's first quarter earnings declined compared to the same period last year.
Key Takeaways
CSX Corp. reported a decrease in first quarter earnings to $770 million, or $1.00 per share, compared to $834 million, or $1.02 per share, in the same period last year. Revenue also decreased by 5% to $2.86 billion, while operating ratio improved to a record 58.7%.
Net earnings were $770 million, or $1.00 per share.
Operating ratio improved to a Class I railroad first quarter record of 58.7 percent.
Revenue decreased 5 percent year over year to $2.86 billion.
Expenses decreased 7 percent year over year to $1.68 billion.