February 1, 2023 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 31, 2023) CALGARY — Canadian Pacific Railway Limited today announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1...
February 1, 2023 | CP, CP-KCS Merger, Headlines, Quarterly Income
(Source: Canadian Press, January 31, 2023) In a conference call to discuss fourth-quarter financial results, CP’s CEO Keith Creel said the Calgary-headquartered railway is in growth mode as it awaits a decision by the U.S. Surface Transportation Board. During...
January 26, 2023 | Headlines, PSR, Quarterly Income, UP
(Source: Freight Waves, January 24, 2023) To counter looming macroeconomic headwinds in 2023, Union Pacific aims to boost rail service, which will include looking at how to improve the quality of life of craft employees, according to executives speaking on UP’s...
January 26, 2023 | CSX, Headlines, Quarterly Income
(Source: Associated Press, January 26, 2023) CSX hauled in 9% more profit in the fourth quarter as the railroad hauled less cargo but charged higher shipping rates and tacked on more fuel surcharges. The railroad said Wednesday that it earned $1.02 billion, or 49...
January 26, 2023 | CSX, Headlines, Quarterly Income
(Source: Trains Magazine, January 25, 2023) CSX Transportation reported strong fourth-quarter earnings on Wednesday and, despite signs of an economic slowdown, said it expected to gain volume this year thanks to ongoing service improvements. Full story: Trains...
January 26, 2023 | CSX, Headlines, Quarterly Income
(Source: CSX press release, January 25, 2023) JACKSONVILLE, Fla. — CSX Corp. today announced fourth quarter 2022 operating income of $1.46 billion compared to $1.37 billion in fourth quarter 2021. Net earnings of $1.02 billion, or $0.49 per share, compared to $934...
January 25, 2023 | Headlines, PSR, Quarterly Income, UP
(Source: CNN, January 24, 2023) For the year, the company’s employee pay and benefits rose by about $500 million, or 12%, to $4.6 billion, far less than the $6.3 billion that Union Pacific spent repurchasing shares of stock. “Instead of buying back their own stock, UP...
January 25, 2023 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, January 25, 2023) ATLANTA — Norfolk Southern Corporation today announced fourth quarter and full-year 2022 financial results. The company marked fourth quarter and annual records for railway operating revenue and income from...
January 25, 2023 | CN, Headlines, Quarterly Income
(Source: CN press release, January 24, 2023) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended December 31, 2022. Diluted earnings per share (EPS) of C$2.10 grew by 23% on an adjusted basis in the fourth quarter,...
January 25, 2023 | Headlines, NS, Quarterly Income
(Source: Associated Press, January 25, 2023) Norfolk Southern railroad delivered 4% more fourth-quarter profit even though the number of shipments it hauled dipped slightly because it collected more surcharges for higher fuel prices and raised the rates it charges....
