Will CSX Continue to Impress Investors this Quarter?
Will CSX Continue to Impress Investors this Quarter? Asit Sharma, The Motley FoolMotley FoolJuly 16, 2018, 8:15 PM GMT. Shares have ascended more than 15% since the company's successful first-quarter report in mid-April, due in part to management's focus on leaner operations and improving efficiency. Last quarter, CSX recorded $2.87 billion in revenue -- an essentially flat result against the first quarter of 2017. Yet volumes declined by 4%, paced by weakness in the company's three biggest segments: chemicals, automotive, and agricultural and food products. CSX surprised investors last quarter with an adjusted operating efficiency ratio of 63.7%, which represented a nearly 6-percentage-point decrease over the prior-year quarter.