April 29, 2020 | Headlines, NS, Quarterly Income
(Source: Freight Waves, April 29, 2020) CHATTANOOGA, Tenn. — The costs associated with Norfolk Southern’s actions to divest a portion of its locomotive fleet resulted in lower net profits for the company in the first quarter. First-quarter net income was $381 million,...
April 29, 2020 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 29, 2020) NORFOLK, Va. — Norfolk Southern Corporation today reported first-quarter financial results of net income equal to $381 million, diluted earnings per share of $1.47, and an operating ratio of 78.4%. These results...
April 29, 2020 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 29, 2020) OMAHA, Neb. — Norfolk Southern’s first-quarter profit fell 44% because of a one-time charge related to locomotive sales and weak shipping volume driven by the coronavirus outbreak. The railroad said it earned $381...
April 28, 2020 | CN, Headlines, Quarterly Income
(Source: S&P Global Platts, April 27, 2020) HOUSTON — Canadian National railroad reported a record level of coal shipments in March, along with strong revenues in the first quarter, executives said Monday. Not only did CN move all-time records for coal in March,...
April 28, 2020 | CN, Headlines, Quarterly Income
(Source: CN press release, April 27, 2020) MONTREAL — CN today reported its financial and operating results for the first quarter ended March 31, 2020. “CN’s team of dedicated railroaders has demonstrated the Company’s ability to overcome difficult...
April 28, 2020 | CN, Headlines, Quarterly Income
(Source: Canadian Press, April 27, 2020) MONTREAL — Canadian National Railway Co. says it is withdrawing its profit forecast for the year due to the uncertainty fostered by the COVID-19 pandemic. The country’s largest railway says the link between freight demand...
April 23, 2020 | CSX, Headlines, Quarterly Income
(Source: Reuters, April 22, 2020) LOS ANGELES — U.S. railroad operator CSX Corp. on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns triggered by the COVID-19 pandemic weigh on the U.S. economy. First-quarter...
April 23, 2020 | CSX, Headlines, Quarterly Income
(Source: CSX press release, April 22, 2020) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2020 net earnings of $770 million, or $1.00 per share, versus $834 million, or $1.02 per share in the same period last year. CSX’s operating ratio set a Class I...
April 23, 2020 | Headlines, Quarterly Income, UP
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — Union Pacific’s net profits for the first quarter rose 7%, with the company reaching a record operating ratio (OR) despite lower revenues. Union Pacific (UP) announced its first-quarter 2020 net income was...
April 23, 2020 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, April 23, 2020) OMAHA, Neb. — Union Pacific Corporation today reported 2020 first quarter net income of $1.5 billion, or $2.15 per diluted share. This compares to $1.4 billion, or $1.93 per diluted share, in the first quarter...
