From the transportation and economic bellwether’s earnings press release:
“With growth across nearly all the markets we serve and continued strong performance in our operations, we are driving outstanding value for our customers and shareholders,” said Michael J. Ward, chairman, president and chief executive officer.
CSX expects to produce record financial results, including a high-60’s operating ratio in 2011. This progress is consistent with the Company’s previously announced goal of achieving a 65 percent operating ratio no later than 2015. In addition, the company plans to invest $2 billion in its business during 2011, with approximately two-thirds of that investment in the company’s infrastructure and rolling stock, and the remaining split between strategic and regulatory investments.
“This investment will further strengthen our company’s transportation network, enhance our ability to reliably serve America’s freight transportation needs, and create shareholder value in the near- and long-term,” said Ward.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.