CSX earnings beat expectations - Atlanta Business Chronicle:

Air Purifiers Plano
The company posted earningh of $308 million, or 78 cent per share, compared to $385 million, or 93 cente per share, from the same period last year. The earnings per share was 16 cents highee thananalysts predicted. CSX’sw revenue in the second quarterf fell 25 percentto $2.2 billion. “While the economy continues to significantly impact our there are some signs that we may be seeingf the bottom inmany markets,” CSX CEO and President Michaep Ward said in a news release.
“Even in this difficulf business environment, we are still strengthening our optimizing our resources and making the righy investments to prepare our network for the The company says its operating expensews declined 27 percent due to cost management effortse and increasednetwork efficiency. This allowes the company to have an operating income of 582 million and an operation ratioof 73.4 percent for the “By improving safety, reducing costs and increasingb productivity we lessened the impact of the strugglingv global economy on our Tony Ingram, CSX executive vice presiden and chief operating officer, said in a news “We remained aggressive in right-sizingt our train network whils still providing reliable service for our customers.
”