CSX posts fresh record revenue in 2013
The US transport provider CSX, based in Jacksonville FL, reported Q4/2013 net earnings of USD 426 million, down slightly from USD 449 million in 2012. Q4 revenue increased by 5% to USD 3 billion. Full-year 2013 revenue rose by 2% to a record USD 12 billion, operating income remained stable at USD 3.5 billion, and the operating ratio grew slightly to 71.1% compared with 70.6% for 2012.
Looking forward, the company remains on target to sustain a high-60s operating ratio by 2015 and achieve a mid-60s operating ratio longer-term. (ben)