Improved Financial Performance
Operating income improved 8% and diluted earnings per share improved 18% year over year, despite flat revenue.
$100 Million Cost Savings Initiative
The company has begun to realize savings from a $100 million cost reduction initiative, eliminating over $20 million in structural costs in the quarter.
Strong Safety Performance
The company reported record-breaking safety performance, with further improvement in safety metrics through the third quarter.
Intermodal Growth and Efficiency
Despite demand challenges, the intermodal segment achieved sequential volume improvements and executed some of the most efficient dray services in its history.