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...
June 24, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific Railroad press release, June 23, 2022) OMAHA, Neb. — Union Pacific Corporation will release second quarter 2022 financial and operating results on Thursday, July 21, 2022, at 7:45 a.m. ET. The company’s management team will host a conference...
May 3, 2022 | BNSF, Headlines, Quarterly Income
(Source: Freight Waves, May 2, 2022) BNSF’s first-quarter 2022 net profit rose 10% despite a 3% decline in volumes, the company reported Monday. First-quarter 2022 net income was $1.37 billion, compared with $1.25 billion in the first quarter of 2021. BNSF is a...
April 28, 2022 | CP, CP-KCS Merger, Headlines, PSR, Quarterly Income
(Source: Canadian Pacific Railway press release, April 27, 2022) CALGARY — Canadian Pacific Railway Limited (the “Company”) today announced first-quarter operating results. In light of the financial complexity of acquiring Kansas City Southern (“KCS”) into...
April 28, 2022 | Headlines, NS, PSR, Quarterly Income
(Source: Railway Age, April 27, 2022) NEW YORK — Norfolk Southern on April 27 released a first-quarter 2022 operating metrics report card: crew starts were down 5% from the prior-year period; active locomotives were up 1%; train weight and length were up 5% and 4%,...
April 28, 2022 | Headlines, NS, PSR, Quarterly Income
(Source: Freight Waves, April 27, 2022) CHATTANOOGA, Tenn. — Norfolk Southern is preparing to launch the next stage of its streamlined operational plan, with improving intermodal and bulk moves being the target, executives said during the company’s first-quarter...
April 27, 2022 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 27, 2022) ATLANTA — Norfolk Southern Corporation today reported first-quarter 2022 financial results which included first-quarter records for railway operating revenues, income from railway operations, net income, and...
April 27, 2022 | CN, Headlines, Quarterly Income
(Source: Canadian Press, April 25, 2022) MONTREAL — Canadian National Railway Co. on Tuesday lowered its earnings forecast for the year after profits sagged in its first quarter. Citing tough operating conditions and “worldwide economic uncertainty,” the...
