The railroad, which cut almost 600 mid-level management and union jobs this summer, expects to meet its goal of a 79.5 percent operating ratio for the full year.
32.
Its operating ratio ( the ratio of operating expenses to revenues ) declined to 70.2 % in 2006 and was projected to improve further to 67.6 % in 2007.
33.
Lloyd said he expects CN to report a 4 percent to 5 percent increase in revenue in the second quarter and achieve its year-end operating ratio target of 83 percent.
34.
Still, cost-cutting measures introduced in the second quarter as the economy slowed lowered the railroads'third-quarter operating ratios 2 to 3 percentage points, said Gruntal & Co . analyst Steve Lewins.
35.
The railroad said its operating ratio, a measure of revenue versus costs, narrowed to 80 . 8 percent in the latest quarter from 84 . 8 percent a year ago.
36.
The railroad, which cut almost 600 mid-level management and union jobs this summer, expects to meet its goal of a 79 . 5 percent operating ratio for the full year.
37.
Still, cost-cutting measures introduced in the second quarter as the economy slowed lowered the railroads'third-quarter operating ratios 2 to 3 percentage points, said Gruntal & AMP; Co . analyst Steve Lewins.
38.
CSX said the operating ratio at its railroad unit, or cost of goods sold as a percentage of operating income, declined almost three percentage points to a record low of 77.4 percent.
39.
While the accounting change will have no impact on its cash flow, CN Rail said it will improve its operating ratio by about 2.5 percentage points, boost earnings per share and shareholders'equity.
40.
While the accounting change will have no impact on its cash flow, CN Rail said it will improve its operating ratio by about 2 . 5 percentage points, boost earnings per share and shareholders'equity.
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