October 26, 2022 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, October 25, 2022) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2022. Diluted earnings per share (EPS) of C$2.13 increased by 40% on an adjusted basis, which...
October 20, 2022 | Headlines, Quarterly Income, UP
(Source: Associated Press, October 20, 2022) Union Pacific delivered 13% more profit in the third quarter, but the railroad predicted Thursday that its customers will ship fewer items than it expected, suggesting that the economy may be slowing down. Full story:...
October 20, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific Railroad press release, October 20, 2022) OMAHA, Neb. — Union Pacific Corporation today reported 2022 third quarter net income of $1.9 billion, or $3.05 per diluted share. These results include a $114 million charge for a change to prior period...
October 5, 2022 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 4, 2022) ATLANTA — Norfolk Southern Corporation will announce its third quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, October 26, 2022. Quarterly earnings...
September 22, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, September 22, 2022) Union Pacific Corporation will release third quarter 2022 financial and operating results on Thursday, Oct. 20, 2022, at 7:45 a.m. ET. The company’s management team will host a conference call and live...
August 9, 2022 | BNSF, Headlines, Quarterly Income
(Source: Freight Waves, August 8, 2022) BNSF’s second-quarter net profit rose 10% year over year amid higher freight revenue and despite lower rail volumes. Net income for the western U.S. railroad the second quarter of 2022 was $1.66 billion, compared with nearly...
August 8, 2022 | BNSF, Headlines, Quarterly Income
(Source: Associated Press, August 6, 2022) Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall...
July 29, 2022 | CN, CP, CP-KCS Merger, Headlines, PSR, Quarterly Income
(Source: Freight Waves, July 28, 2022) Deploying precision scheduled railroading (PSR) is an art and a process, and the operational model shouldn’t be blamed for poor rail service, Canadian Pacific President and CEO Keith Creel told investors during a second-quarter...
July 28, 2022 | Headlines, NS, Quarterly Income
(Source: Associated Press, July 27, 2022) Norfolk Southern continued to struggle with the delivery delays that have plagued freight railroads this year and reported flat second-quarter profit as the number of shipments it delivered slipped 3%. The railroad used rate...
July 28, 2022 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, July 28, 2022) CALGARY — Canadian Pacific Railway Limited today announced its second-quarter 2022 results, including revenues of $2.20 billion, reported operating ratio (“OR”) of 60.6 percent, adjusted...
