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CSX eyes flat to lower revenue in 2020

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Eastern railroad CSX expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives...

KCS optimistic about 2020

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Kansas City Southern expects rail volumes and revenue to grow in 2020 amid service improvements and clarity on U.S. trade policy concerning North America. Full story: Freight Waves

KCS reports Q4 and full-year 2019 results

(Source: Kansas City Southern press release, January 17, 2020) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported strong fourth quarter and full year 2019 results, driven by implementation of Precision Scheduled Railroading (PSR) principles. Fourth Quarter 2019...

CSX announces Q4 and full year 2019 results

(Source: CSX press release, January 16, 2020) JACKSONVILLE, Fla. — CSX Corporation (NASDAQ: CSX) today announced fourth quarter 2019 net earnings of $771 million, or $0.99 per share, versus $843 million, or $1.01 per share in the same period last year. CSX’s operating...

CN to report Q4 2019 results on January 28

(Source: Canadian National press release, January 6, 2020) MONTREAL — CN will issue its fourth-quarter and year-end 2019 financial and operating results on Jan. 28, 2020, at 4.01 p.m. Eastern Time (ET). CN’s senior officers will review the results and the...