November 17, 2020 | Headlines, Quarterly Income
(Source: Freight Waves, November 13, 2020) CHATTANOOGA, Tenn. — With the railroads’ third-quarter earnings releases over and done, it’s time to take a look at who the “winners” and “laggards” were in Q3. Full story: Freight Waves
November 10, 2020 | BNSF, Headlines, Quarterly Income
(Source: Railway Track & Structures, November 9, 2020) NEW YORK — BNSF recently reported its financial results for Q3 2020. Revenue was down 14.4 percent compared to Q3 2019 (bad) and the operating ratio was down to 59.7 percent compared to 62.6 percent in Q3...
November 9, 2020 | BNSF, Headlines, Quarterly Income
(Source: Freight Waves, November 9, 2020) CHATTANOOGA, Tenn. — Slumping revenues for coal and energy products put pressure on BNSF’s profits in the third quarter, according to parent company Berkshire Hathaway. Third-quarter operating revenue was $5 billion, down...
October 29, 2020 | Headlines, NS, Quarterly Income
(Source: Freight Waves, October 28, 2020) CHATTANOOGA, Tenn. — Coal chiseled away at Norfolk Southern’s operating revenue for the third quarter of 2020, with a 38% decline in coal revenue dragging overall revenue down by 12%. Operating revenue was $2.5 billion for the...
October 28, 2020 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 28, 2020) NORFOLK, Va. — Norfolk Southern Corporation today reported financial results for the quarter ended September 30, 2020. During the quarter, the company achieved net income of $569 million, diluted earnings per...
October 27, 2020 | Headlines, Quarterly Income, UP
(Source: Supply Chain Dive, October 23, 2020) WASHINGTON, D.C. — Union Pacific’s intermodal trip plan compliance fell 4% YoY in Q3 as volume came back to the railroad nearly as quickly as it dropped in Q2, Chief Operating Officer Jim Vena said on a Thursday...
October 27, 2020 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, October 22, 2020) OMAHA, Neb. — Union Pacific Corporation today reported 2020 third quarter net income of $1.4 billion, or $2.01 per diluted share. This compares to $1.6 billion, or $2.22 per diluted share, in the third quarter...
October 27, 2020 | Headlines, Quarterly Income, UP
(Source: Railway Age, October 22, 2020) NEW YORK — Union Pacific’s net income of $1.4 billion for the third quarter of 2020 was down 12% from $1.6 billion in the third quarter of 2019. Operating revenue of $4.9 billion fell 11%, compared to $5.5 billion in 3Q2019....
October 22, 2020 | CN, Headlines, Quarterly Income
(Source: BNN Bloomberg, October 21, 2020) MONTREAL — Canadian National Railway Co.’s top executive said he isn’t prepared to further slash costs to keep the railway’s operating ratio low while risking the company’s long-term future. Full story: BNN...
October 22, 2020 | CSX, Headlines, Quarterly Income
(Source: Freight Waves, October 21, 2020) CHATTANOOGA, Tenn. — CSX reported third-quarter 2020 net income of $736 million, or 96 cents per share, compared with $856 million, or $1.08 per share, in the third quarter of 2019 amid a drop in revenue and “lower economic...
