CSX Corporation Q4 2016 Earnings Report

CSX reported fourth-quarter 2016 financial results with revenue increasing 9% to $3.04 billion and operating income rising 27% to $1.00 billion. The railroad company achieved an improved operating ratio of 67.0% and earnings per share of $0.49, driven by strong pricing gains, higher volumes from an extra week, and efficiency improvements of nearly $100 million.