CSX Counters a Revenue Dip With Cost Efficiencies
Rail operator CSX (NASDAQ: CSX) successfully offset macroeconomic pressures by tightly managing its business in the third quarter of 2019, as illuminated by results released Wednesday after the markets closed. The transportation giant was able to compensate for slighter volumes and decreased freight revenue by managing its operations with a record-breaking degree of efficiency. As we walk through the quarter below, note that all comparative numbers are presented against the prior-year quarter.
Data source: CSX.
Image source: Getty Images.
Source Fool.com
