CSX Corp on Tuesday reported quarterly profit that topped Wall Street's exp...
LOS ANGELES - CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s expectations, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer, trains.
Shares jumped 3.8 percent to $78.74 in after-hours trading after efficiency efforts at CSX, which serves the eastern third of the United States and the Canadian provinces of Ontario and Quebec, continued to yield results. 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 versus 63.7 percent in the year-ago quarter. Railroads boost profit by lowering their operating ratio.
“Generally, end-market demand remains stable,” Chief Executive Jim Foote said on a conference call with analysts.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Chevron to buy Anadarko for $33 billionChevron Corp said on Friday it would buy Anadarko Petroleum Corp for $33 billion...
Leer más »
Chevron to buy Anadarko for $33 billion in shale, LNG pushChevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion ...
Leer más »
Bank of America revenue misses forecasts, shares fallBank of America Corp on Tuesday reported first-quarter revenue that fell short o...
Leer más »
Occidental submitted $70 cash per stock bid for Anadarko: sourceOccidental Petroleum Corp submitted a cash-and-stock bid worth $70 per share for...
Leer más »
Chevron announces $33 billion cash-and-stock deal to buy Anadarko PetroleumEnergy giant Chevron Corp. on Friday morning said it would acquire Anadarko Petroleum Corp. in a cash-and-stock tie-up valued at $33 billion or $65 a share....
Leer más »
PG&E appoints Nora Mead as board chairCalifornia energy company PG&E Corp said on Thursday it appointed former state a...
Leer más »
Inside SoftBank's push to rule the roadSoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transport...
Leer más »
Toshiba shares slump after sale of U.S. LNG business canceledToshiba Corp shares fell more than 5 percent on Friday after an agreement to off...
Leer más »
SoftBank picking its battles with U.S. national security committeeSoftBank Group Corp has agreed to give up board seats and access to sensitive in...
Leer más »