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...
July 27, 2022 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, July 27, 2022) ATLANTA — Norfolk Southern Corporation today announced second quarter 2022 financial results which included quarterly records for railway operating revenues, income from railway operations, and diluted earnings...
July 27, 2022 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, July 26, 2022) MONTREAL — CN today reported its financial and operating results for the second quarter ended June 30, 2022. Financial performance improved year-over-year with record adjusted diluted earnings per share...
July 27, 2022 | CN, Headlines, Quarterly Income
(Source: Bloomberg News, July 26, 2022) Canadian National Railway Co. reported earnings that easily beat analysts’ estimates, as strong volumes allowed the railroad to increase prices and fuel surcharges to offset rising costs. Revenue in the second quarter was C$4.34...
July 22, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, July 21, 2022) OMAHA, Neb. — Union Pacific Corporation today reported 2022 second quarter net income of $1.8 billion, or $2.93 per diluted share. This compares to 2021 second quarter net income of $1.8 billion, or $2.72 per...
July 22, 2022 | Headlines, Quarterly Income, UP
(Source: Associated Press, July 21, 2022) Union Pacific’s second-quarter profit improved a bit, but the railroad’s expenses jumped as it tried to reduce the delivery delays that have left its customers waiting for trains at times. UP said Thursday that its profit grew...
July 22, 2022 | CSX, Headlines, Quarterly Income
(Source: CSX press release, July 20, 2022) JACKSONVILLE, Fla. — CSX Corp. today announced second quarter 2022 net earnings of $1,178 million, or $0.54 per share, compared to $1,173 million, or $0.52 per share in the same period last year. Second quarter 2022 operating...
July 12, 2022 | CN, Headlines, Quarterly Income
(Source: Trains Magazine, July 11, 2022) Canadian National was the only one of the big six railroads to gain traffic in 2022’s second quarter. CN’s traffic was up 0.4%, essentially flat compared to last year’s second quarter. CSX Transportation was flat, too, but its...
