Problem

In 2012, CSX Corporation, which operates under the name Surface Transportation, reported o...

In 2012, CSX Corporation, which operates under the name Surface Transportation, reported operating expenses of $8,299 million. A partial list of the company’s operating expenses follows. CSX Corporation reported revenues from external customers to be $11,756 million for the year.

Analyze Online: Locate the website for CSX Corporation (www.csx.com). Click on CSX Corporation and then click on Investor Relations. Within the Financial Information link, find the most recent annual report.

Analyze:

What percentage increase or decrease does this figure represent from the operating expenses reported in 2012 of $8,299 million?

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