October 22, 2021 | Headlines, Quarterly Income, UP
(Source: Dow Jones Newswires, October 21, 2021) NEW YORK — Union Pacific Corp. on Thursday logged higher earnings and revenue in the latest quarter, despite no growth in freight volumes. Union Pacific’s revenue rose 13% to $5.57 billion. Volumes as measured by...
October 22, 2021 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 20, 2021) JACKSONVILLE, Fla. — CSX Corp. today announced third quarter 2021 net earnings of $968 million, or $0.43 per share, compared to $736 million, or $0.32 per share in the same period last year. Third quarter 2021 operating...
October 22, 2021 | CSX, Headlines, Quarterly Income
(Source: Associated Press, October 20, 2021) OMAHA, Neb. — CSX delivered a 32% jump in third-quarter profit as the volume of goods it hauled increased even beyond last fall’s strong level. Shipping volume was up 3% overall across CSX’s network. The Jacksonville,...
October 22, 2021 | CSX, Headlines, Quarterly Income
(Source: Railway Age, October 20, 2021) NEW YORK — CSX on Oct. 20 reported third-quarter 2021 revenue of $3.29 billion, a 24% boost from the prior-year period, with a 3% increase in volume. Full story: Railway Age
October 22, 2021 | CP, Headlines, Quarterly Income
(Source: Canadian Press, October 20, 2021) CALGARY — Canadian Pacific Railway Ltd. lowered its volume outlook for the year as a weak grain crop and supply chain challenges weighed on its third-quarter results. The company said Wednesday that it now expects low...
October 22, 2021 | CN, CP, Headlines, KCS, Quarterly Income
(Source: Canadian Press, October 19, 2021) MONTREAL — Canadian National Railway Co.’s embattled CEO is retiring in the new year, the railway says as it reported a big jump in third-quarter profits thanks in part to a $770-million after-tax break fee it received...
October 22, 2021 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, October 19, 2021) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2021, showing strong performance across nearly all key metrics, with adjusted diluted...
October 22, 2021 | Headlines, KCS, Quarterly Income
(Source: Transport Topics, October 19, 2021) WASHINGTON, D.C. — Kansas City Southern reported mixed third-quarter financial results on Oct. 19, as the Class I freight railroad saw a 13% jump in revenue to $744 million, compared with $659.6 million a year earlier....
October 19, 2021 | Headlines, KCS, Quarterly Income
(Source: Kansas City Southern press release, October 19, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported revenues of $744.0 million, an increase of 13% from third quarter 2020. Overall, carload volumes were down 3% compared to prior year primarily due to...
October 19, 2021 | Headlines, KCS, Quarterly Income
(Source: Railway Age, October 19, 2021) NEW YORK — Kansas City Southern (KCS) on Oct. 19 was the first Class I to report third-quarter 2021 earnings. Revenue for the potentially merger-bound railroad — back with original suitor Canadian Pacific (CP) — came in at...
