August 11, 2021 | BNSF, Headlines, Quarterly Income
(Source: Railway Age, August 10, 2021) NEW YORK — For second-quarter 2021, BNSF revenue came in at $5.809 billion, up 26% from the prior-year period, reflecting a 24% increase in volumes, led by Consumer products, the Class I railroad reported. Full story: Railway...
August 9, 2021 | BNSF, Headlines, Quarterly Income
(Source: Reuters, August 7, 2021) NEW YORK — Warren Buffett’s Berkshire Hathaway Inc. on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue....
July 29, 2021 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, July 28, 2021) CALGARY — Canadian Pacific Railway Limited today announced second-quarter operating results, including record Q2 revenues of $2.05 billion, an operating ratio (“OR”) of 60.1 percent, record Q2...
July 29, 2021 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, July 28, 2021) NORFOLK, Va. — Norfolk Southern Corporation today reported second-quarter 2021 financial results, which included second-quarter records for net income and diluted earnings per share, and all-time quarterly...
July 23, 2021 | CSX, Headlines, Quarterly Income
(Source: Transport Topics Online, July 22, 2021) NEW YORK — Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations. Earlier...
July 23, 2021 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, July 22, 2021) OMAHA, Neb. — Union Pacific Corporation today reported 2021 second quarter net income of $1.8 billion, or $2.72 per diluted share. This compares to $1.1 billion, or $1.67 per diluted share, in the second quarter...
July 23, 2021 | Headlines, Quarterly Income, UP
(Source: Associated Press, July 22, 2021) OMAHA, Neb. — Union Pacific’s second-quarter profit jumped 59% as the railroad hauled 22% more cargo than a year ago when shipments fell to the lowest levels of the coronavirus pandemic. The reported Thursday that quarterly...
July 7, 2021 | Headlines, Quarterly Income
(Source: Railway Age opinion column by Jason Seidl, July 6, 2021) NEW YORK — At Cowen and Company, we are adjusting our rail models in advance of second-quarter earnings reports due later this month from the Class I railroads. The models reflect carloads in the...
May 17, 2021 | Headlines, Quarterly Income
(Source: Freight Waves, May 14, 2021) CHATTANOOGA, Tenn. — The first-quarter 2021 earnings season for the Class I railroads is over. An optimistic volume outlook, especially for the second half of 2021, plans to improve operational efficiency and take market share...
April 28, 2021 | Headlines, Quarterly Income
(Source: Freight Waves, April 28, 2021) CHATTANOOGA, Tenn. — Norfolk Southern reached an all-time quarterly record operating ra-tio (OR) in the first quarter amid a 7% increase in operating income. Norfolk Southern’s (NS) OR was 61.5% in the first quarter of 2021,...
