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...
April 27, 2022 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, April 26, 2022) MONTREAL — CN today reported its financial and operating results for the first quarter ended March 31, 2022. CN delivered sound operating and financial performance across the board, with adjusted...
April 27, 2022 | Headlines, PSR, Quarterly Income, UP
(Source: Freight Waves, April 21, 2022) CHATTANOOGA, Tenn. — Service issues Union Pacific experienced in the first quarter weren’t due to precision scheduled railroading but to crew shortages, executives told investors during UP’s first-quarter 2022 earnings call...
April 22, 2022 | CSX, Headlines, Quarterly Income
(Source: Railway Age, April 20, 2022) NEW YORK — CSX’s first-quarter 2022 financials included whopping increases of 21% in net earnings and 26% in diluted earnings per share, despite a drop in volume. CSX’s 1Q22 net earnings of $859 million, or $0.39 per share,...
April 22, 2022 | CSX, Headlines, Quarterly Income
(Source: CSX press release, April 20, 2022) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2022 net earnings of $859 million, or $0.39 per share, compared to $706 million, or $0.31 per share in the same period last year. First quarter 2022 operating...
April 22, 2022 | Headlines, PSR, Quarterly Income, UP
(Source: S&P Global Platts, April 21, 2022) HOUSTON — Union Pacific and other major railroads said they are acting aggressively to solve their workforce woes and operations inefficiencies to move more petroleum, coal, agriculture and other products amid growing...
April 21, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, April 21, 2022) OMAHA, Neb. — Union Pacific Corporation today reported 2022 first quarter net income of $1.6 billion, or $2.57 per diluted share. This compares to 2021 first quarter net income of $1.3 billion, or $2.00 per diluted...
