October 25, 2019 | CP, Headlines, Quarterly Income
(Source: Reuters, October 24, 2019) CALGARY — Canadian Pacific Railway reported an 8.7 per cent rise in its third-quarter adjusted profit on Wednesday, helped by strength in its intermodal unit. The country’s second-largest railroad operator said adjusted net income...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: Freight Waves, October 23, 2019) CHATTANOOGA, Tenn. — Despite facing macroeconomic headwinds in the fourth quarter and into 2020, Norfolk Southern’s leaders insist that the eastern U.S. railroad will reach a target operating ratio (OR) of 60% by 2021. Full...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: Freight Waves, October 23, 2019) CHATTANOOGA, Tenn. — Declining coal and intermodal volumes contributed to a 3% drop in third-quarter profits for Norfolk Southern. Third-quarter net income fell 6% to $657 million, or $2.49/diluted share, compared with $702...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: S&P Global Platts, October 23, 2019) HOUSTON — Norfolk Southern railroad reported lower coal volumes in the third quarter, driven by a weak global market and domestic utility competition, executives said Wednesday. Coal volumes totaled 218,700, down 15%...
October 24, 2019 | Headlines, NS, Quarterly Income
(Source: MarketWatch, October 23, 2019) NEW YORK — Shares of Norfolk Southern Corp. slid 2.1% in premarket trading Wednesday, after the railroad operator reported a decline in third-quarter earnings and revenue that fell a bit more than expected, as misses in its coal...
October 24, 2019 | CN, Headlines, Quarterly Income
(Source: Reuters, October 23, 2019) MONTREAL — Canadian National Railway Co. on Tuesday cut its adjusted profit forecast for the year and said it expects the first half of 2020 to be “challenging” as freight demand in North America takes a hit from a weakening...
October 24, 2019 | CP, Headlines, Quarterly Income
(Source: Reuters, October 23, 2019) NEW YORK — Canadian Pacific Railway Ltd beat analysts’ estimates for quarterly profit on Wednesday, driven by lower fuel expenses and higher shipments of coal, crude and fertilizers. Full story: Reuters
October 24, 2019 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, October 23, 2019) CALGARY — Canadian Pacific Railway Limited today announced record third-quarter revenues of $1.98 billion, and reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS...
October 23, 2019 | CSX, Headlines, Quarterly Income
(Source: Wall Street Journal, October 21, 2019) NEW YORK — The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry. Paul...
October 23, 2019 | CN, Headlines, Quarterly Income
(Source: Freight Waves, October 22, 2019) CHATTANOOGA, Tenn. — Despite a lower operating ratio and higher revenue and net profits in the third quarter, Canadian National Railway said it plans to lower its guidance for 2019 amid sluggish rail volumes and a softer North...
