CSX reaffirms plan to boost profitability


(Reuters) – U.S. railroad operator CSX Corp on Thursday reaffirmed that it would lower its operating ratio by 2020, ahead of its first investor day after the death of former Chief Executive Officer Hunter Harrison. The company said it would post an operating ratio of 60 percent by 2020 and revenue growth at a compound annual rate of 4 percent in 2019 and 2020. Reporting by Arunima Banerjee in Bengaluru and Eric M. Johnson in Seattle; Editing by Shounak DasguptaOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters