October 23, 2024 | East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, October 22, 2024) Norfolk Southern Corporation announced Tuesday its third quarter 2024 financial results. For the quarter, income from railway operations was $1.6 billion, the operating ratio was 47.7%, and diluted earnings...
October 17, 2024 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 16, 2024) CSX Corp. today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or...
August 6, 2024 | CSX, Headlines, Quarterly Income
(Source: Associated Press, August 5, 2024) CSX railroad’s second-quarter profit slipped 2% — even though the volume of its shipments was up by the same rate — as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports. CSX said...
August 6, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, August 4, 2024) BNSF Railway boosted operating profits in the second quarter thanks to a combination of cost control and traffic volume gains. The railway on Saturday, Aug. 3, said its operating income increased 1%, to $1.8 billion, as revenue...
July 31, 2024 | CPKC, Headlines, Quarterly Income
(Source: Trains.com, July 30, 2024) Canadian Pacific Kansas City had a gangbuster second quarter as merger-related traffic synergies kicked in faster than expected and boosted revenue and profits, executives said on Tuesday. CPKC’s quarterly operating income —...
July 26, 2024 | Headlines, NS, Quarterly Income
(Source: Trains.com, July 25, 2024) The railroad’s Q2 2024 results show a return to normalcy compared to last year’s second quarter, which was heavily impacted by the financial toll of the hazardous materials derailment in East Palestine, Ohio. For the second quarter...
July 26, 2024 | Headlines, Quarterly Income, Train Length, UP
(Source: Trains.com, July 25, 2024) Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic. Quarterly operating income increased 9%, to $2.4 billion, as revenue grew 1%, to $6 billion. Earnings per share rose 7%, to $2.74. UP’s...
May 9, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, May 6, 2024) BNSF Railway’s first-quarter earnings and revenue declined despite a 7% increase in freight volume. Quarterly operating income declined 7%, to $1.72 billion, as revenue declined 6%, to $5.66 billion, BNSF and its parent company,...
April 25, 2024 | Headlines, Quarterly Income, UP
(Source: Associated Press, April 25, 2024) Union Pacific said it made $1.64 billion, or $2.69 per share, in the first quarter of 2024. That’s higher than last year’s $1.63 billion, or $.2.67 per share. Shipping volume was down 1% in the quarter. Union Pacific said it...
April 25, 2024 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 22, 2024) Norfolk Southern confirmed the $53 million, or 23 cents per share, that it earned in the first quarter. Without the settlement and some other one-time costs, the railroad said it would have made $2.39 per share while Wall...