CSX Corp on Tuesday reported a quarterly profit that topped Wall Street's t...
LOS ANGELES - CSX Corp on Tuesday reported a quarterly profit that topped Wall Street’s target, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer trains.
Trucking firm J.B. Hunt Transport Services Inc on Monday reported first-quarter profit that fell short of Wall Street’s target, and it pinned part of the blame on Chicago-area weather disruptions. CSX’s operating ratio, a measure of operating expenses as a percentage of revenue and a closely watched gauge of railroad performance, was 59.5 percent for the quarter - just below its 60 percent target for 2019.
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