CSX Corp (NYSE:CSX) Q1 2019 Earnings Conference Call Transcript
Apr 16, 2019 • 04:30 pm ET
James M. Foote
to $1.7 billion CapEx outlook.
The efficiency reflected in our operating costs also translates to the capital side of the business and we're able to do more work on the network at lower costs. Efficiency also creates additional network capacity, which allows us to maintain an efficient capital spending program. We are, in fact, investing in the core infrastructure of the railroad and above our historical average rates. Excuse me.
This quarter reflects the strength of our operating model, as we are able to more efficiently manage our business to what is traditionally our most challenging operating quarter, while still improving customer service. CSX is an exceptional company with an extraordinary heritage. Our transformation to becoming the best-run railroad in North America is beginning to find traction.
The railroad is running better, but we can still make many improvements. We are continuously looking for new ways to serve our customers and eliminate bureaucracy that slows us down. We are working hard every day to make CSX the best-run railroad in North America.
With that, thank you, and I'll turn it back to Bill.
Thank you, Jim. In the interest of time, I would like to ask everyone to limit themselves to one question. Michelle will take questions now.