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...
October 22, 2020 | CSX, Headlines, Quarterly Income
(Source: CSX press release, October 21, 2020) JACKSONVILLE, Fla. — CSX Corp. today announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic activity...
October 21, 2020 | CP, Headlines, Quarterly Income
(Source: Canadian Press, October 20, 2020) CALGARY — Canadian Pacific Railway Ltd. says it earned $598 million in its latest quarter, down from $618 million in the same quarter last year. Full story: BNN Bloomberg
October 21, 2020 | CN, Headlines, Quarterly Income
(Source: CN press release, October 20, 2020) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2020. “CN’s people never stopped working since the beginning of the pandemic and I am proud of the...
October 21, 2020 | CN, Headlines, Quarterly Income
(Source: Canadian Press, October 20, 2020) MONTREAL — Canadian National Railway Co. isn’t quite ready to reinstate its 2021 guidance after experiencing a third quarter that saw its mix of business change with the economic recovery. Full story: Yahoo...
October 20, 2020 | Headlines, KCS, Quarterly Income
(Source: Supply Chain Dive, October 19, 2020) WASHINGTON, D.C. — KCS considers cross-border intermodal to be a potential growth area for its business, and CEO Patrick Ottensmeyer acknowledged that trip plan compliance will be important in gaining that business....
October 20, 2020 | Headlines, KCS, Quarterly Income
(Source: Freight Waves, October 16, 2020) CHATTANOOGA, Tenn. — Executives with Kansas City Southern are cautiously optimistic about rail volumes in 2021, with optimism for an economic recovery tempered by uncertainties related to the coronavirus pandemic. Full story:...
October 20, 2020 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, October 20, 2020) CALGARY — Canadian Pacific Railway Limited today announced third-quarter revenues of $1.86 billion, diluted earnings per share (“EPS”) of $4.41, adjusted diluted EPS of $4.12 and an...
October 20, 2020 | CP, Headlines, Quarterly Income
(Source: Reuters, October 20, 2020) NEW YORK — Canadian Pacific Railway Ltd posted a 3.2% fall in third-quarter profit on Tuesday, hurt by lower freight volumes during the COVID-19 pandemic. Full story: Reuters
October 19, 2020 | Headlines, Quarterly Income
(Source: Freight Waves opinion column by Jim Blaze, October 16, 2020) CHATTANOOGA, Tenn. — The six railroads that practice their marketing-term model that is called precision scheduled railroading (PSR) will be reporting their third-quarter financial results through...
