April 21, 2022 | Headlines, Quarterly Income, UP
(Source: Reuters, April 21, 2022) OMAHA, Neb. — Union Pacific Corp. said on Thursday congestion on tracks was hurting its ability to meet shipping demand even as price hikes helped the U.S. railroad operator top market expectations for quarterly results. Total...
April 20, 2022 | Headlines, Quarterly Income
(Source: Freight Waves, April 19, 2022) CHATTANOOGA, Tenn. — As the Class I railroads gear up for earnings season this week and next, commentary about the first quarter of 2022 will likely include discussion about how the railroads’ recent hiring initiatives will...
April 7, 2022 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 5, 2022) ATLANTA — Norfolk Southern Corporation will announce its first-quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, April 27, 2022. Quarterly earnings results...
March 25, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, March 24, 2022) OMAHA, Neb. — Union Pacific Corporation will release first quarter 2022 financial and operating results on Thursday, April 21, 2022, at 7:45 a.m. ET. The company’s management team will host a conference call and...
March 25, 2022 | CSX, Headlines, Quarterly Income
(Source: CSX press release, March 23, 2022) JACKSONVILLE, Fla. — CSX Corp. will release first quarter financial and operating results after the market close on Wednesday, April 20, 2022. This will be followed by a conference call and live webcast hosted by the...
March 9, 2022 | BNSF, Headlines, Quarterly Income
(Source: Trains Magazine, March 3, 2022) FORT WORTH, Texas — BNSF’s financial report suggests the railroad paid MRL around $2 billion to tear up the lease well before it was scheduled to expire in 2047. That’s right in line with independent analyst Anthony B. Hatch’s...
March 8, 2022 | BNSF, Headlines, Quarterly Income
(Source: Freight Waves, February 28, 2022) CHATTANOOGA, Tenn. — BNSF’s fourth-quarter 2021 net profit rose 13% amid an 11% gain in revenues, the western U.S. railroad reported. Total revenues rose 11% in the fourth quarter to $6.3 billion. Net income was $1.7 billion...
March 7, 2022 | BNSF, Headlines, Quarterly Income
(Source: Trains Magazine, February 27, 2022) OMAHA, Neb. — BNSF Railway produced record profits in 2021 amid broad growth in traffic and revenue. For the year, BNSF’s operating income surged 13.7%, to $8.8 billion, as revenue rose 11.6%, to $22.5 billion, the...
January 28, 2022 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 27, 2022) CALGARY — Canadian Pacific Railway Limited today announced its fourth-quarter results, including revenues of $2.04 billion, operating ratio (“OR”) of 59.2 percent, adjusted OR1 of 57.5...
January 27, 2022 | Headlines, NS, Quarterly Income
(Source: Associated Press, January 26, 2021) OMAHA, Neb. — Norfolk Southern railroad delivered 13% greater profit in the fourth quarter even though the amount of cargo it transported declined because it was able to raise rates. The Atlanta-based company said it earned...
