Freight rail operator CSX Corp. projects another challenging year in 2020, following a steeper-than-expected 3% revenue decline this year. CSX, which operates one of the two major freight railroads east of the Mississippi River, has been overhauling operations through a series of cost cuts, modeled on the late railroad executive Hunter Harrison’s “precision-scheduled railroading” principles, that have helped it sustain its financial performance even as shipment volumes and revenue have fallen.

Source: Wall Street Journal January 16, 2020 22:18 UTC