CSX continues to lead U.S. Class I railroads in fuel efficiency, had operated at one gallon of fuel per 1,000 gross ton miles. The company's fuel efficiency initiatives from the last several years have reduced annual diesel consumption by approximately 60 million gallons. The company has posted the Fuel expense of $41 million favorable, which is an 18% improvement year-over-year, due to a 12% decrease in the per gallon price as well as significant efficiency improvements and lower volume. The plant performance was the best, it has ever been with 84% of merchandise carloads and 98% of intermodal containers currently meeting their hourly trip plans in April so far. CSX had nearly $2.5 billion of cash and short-term investments at the end of March. In the first quarter, the company had generated free cash flow before dividends of $812 million, down slightly, driven by higher capital expenditures and lower proceeds from property dispositions.