February 25, 2020 | BNSF, Headlines, Quarterly Income
(Source: S&P Global Platts, February 24, 2020) HOUSTON — BNSF Railway saw a decrease in coal volumes and revenue in 2019, primarily as the result of lower natural gas prices and adverse weather conditions, the company reported Monday. The Fort Worth, Texas-based...
February 25, 2020 | BNSF, Headlines, Quarterly Income
(Source: Freight Waves, February 24, 2020) CHATTANOOGA, Tenn. — A reduction in operating expenses helped Western U.S. railroad BNSF achieve a 4% increase in fourth-quarter net profit and a 5% increase in annual net profit despite lower revenues on both a quarterly and...
February 13, 2020 | CSX, Headlines, Quarterly Income
(Source: CSX press release, February 12, 2020) JACKSONVILLE, Fla. — CSX today announced that the Company’s board of directors has authorized an 8% increase in its quarterly dividend, from $0.24 to $0.26 per share. The new $0.26 quarterly dividend is payable March 13,...
January 31, 2020 | CN, Headlines, Quarterly Income
(Source: Canadian Press, January 29, 2020) MONTREAL — Canadian National Railway Co. saw its profits plunge last quarter with a week-long strike and thinner freight demand denting revenues, though CEO JJ Ruest expressed cautious optimism about the second half of 2020....
January 30, 2020 | CP, Headlines, Quarterly Income
(Source: Reuters, January 29, 2020) NEW YORK — Canadian Pacific Railway Ltd topped analysts’ estimates for quarterly profit helped by higher freight revenue from crude shipments, and the company said it expects the U.S.-China trade deal to lift grain volumes in 2020...
January 29, 2020 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, January 28, 2020) NORFOLK, Va. — Norfolk Southern Corporation today announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable March 10 to shareholders of record on Feb. 7. Norfolk...
January 29, 2020 | CP, Headlines, Quarterly Income
(Source: Canadian Press, January 29, 2020) CALGARY — Canadian Pacific Railway says it earned a fourth-quarter profit of $664 million, up from a profit of $545 million in the same period of 2018. Full story: Vancouver Courier
January 29, 2020 | CN, Headlines, Quarterly Income
(Source: CN press release (PDF), January 28, 2020) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended December 31, 2019. “We remain focused on executing our strategy of long-term sustainable growth at low incremental...
January 29, 2020 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 29, 2020) CALGARY — Canadian Pacific Railway Limited today announced its fourth-quarter results, including record revenues of $2.07 billion, an operating ratio (“OR”‘) of 57.0 percent, improved...
January 29, 2020 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, January 29, 2020) NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter and full-year 2019 financial results. Net income was $666 million and diluted earnings per share were $2.55 for the fourth quarter and...
