CSX on plan: More job cuts, capex to shrink

Management at CSX are staying the course set by E. Hunter Harrison. Executives told investors Thursday that they would continue the streamlining begun by Harrison, improving profits by making do with fewer railcars, locomotives and trains, eliminating jobs, slashing capital expenses, and selling off portions of the network. The railroad is also targeting an operating ratio of 60% by 2020, down from 67.9% at the end of 2017.

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