CN Rail had an operating ratio of 80.8 percent in the second quarter, while the U . S . average was about 76 percent, he said.
22.
CN Rail must reduce its operating ratio, a measure of expenses and revenue, to the mid 70-percent level to earn its cost of capital, Hallman said.
23.
Revenue growth, coupled with productivity improvements, helped bring the railroad's operating ratio to 80 . 2 percent, a quarterly best since the 1996 merger with Southern Pacific.
24.
The operating ratio measures the efficiency of its business; it costs 86 . 4 cents for every C $ 1 in revenue to run its rail unit.
25.
CP Rail had a first-quarter operating ratio of 93 percent, reflecting harsh winter weather in western Canada and several northern U . S . states, it said.
26.
The Florida Coalition of Rail Passengers sued the state, arguing that the Department of Transportation had calculated the operating ratio incorrectly, and won at the district court level.
27.
CN Rail had an operating ratio of 80 . 8 percent in the second quarter, while the U . S . average was about 76 percent, he said.
28.
In comparison, the largest U . S . railroad, CSX Corp ., had an operating ratio of 77 . 4 percent at the end of the first quarter.
29.
Operating ratios ( costs / receipts ) were worse than the T & NR, but not substantially different from those of other small Ontario railways of the period.
30.
In the latest quarter, CN Rail's operating ratio, a key measure of its productivity, was 80 . 7 percent, down from 87 . 2 percent a year ago.
