April 25, 2024 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 22, 2024) Norfolk Southern confirmed the $53 million, or 23 cents per share, that it earned in the first quarter. Without the settlement and some other one-time costs, the railroad said it would have made $2.39 per share while Wall...
April 25, 2024 | CPKC, Headlines, Quarterly Income
(Source: Trains.com, April 24, 2024) Canadian Pacific Kansas City’s first-quarter financial results reflected the progress the railway has made in the year since the Canadian Pacific-Kansas City Southern merger, executives said today. On a combined basis — which...
April 19, 2024 | CSX, Headlines, Quarterly Income
(Source: Associated Press, April 17, 2024) CSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its first-quarter profit slip 10%, but it still managed to keep most of its customers happy with reliable service. The railroad said...
April 11, 2024 | Headlines, NS, Quarterly Income
(Source: Freight Waves, April 11, 2024) Norfolk Southern heads toward its May 9 annual meeting and the resolution of its battle with activist shareholder Ancora over control of the company with a public campaign that may have taken a hit Tuesday, judging from a...
February 29, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, February 25, 2024) Berkshire Hathaway Chairman Warren Buffett’s widely read annual letter to investors, released on Saturday alongside the company’s 2023 financial results, included a long passage on railroads in general and BNSF Railway in...
February 29, 2024 | BNSF, Headlines, Quarterly Income
(Source: Progressive Railroading, February 26, 2024) BNSF Railway Co. announced total revenue for fourth-quarter and full-year 2023 decreased 6% and 8%, respectively, compared with the same periods in the previous year. Operating income for Q4 and full-year 2023 was...
January 26, 2024 | Headlines, Quarterly Income, UP
(Source: Trains.com, January 25, 2024) Union Pacific expects muted traffic volume this year due to a combination of a slow economy, lower demand for coal, and the loss of an international intermodal contract to BNSF Railway. For the quarter, operating income was flat,...
January 26, 2024 | East Palestine-NS, Headlines, NS, Quarterly Income
(Source: Associated Press, January 26, 2024) Norfolk Southern’s fourth-quarter 2023 profit fell 33% because the cleanup costs from last year’s fiery derailment in eastern Ohio. The railroad delivered 3% more shipments during the quarter, but even without the costs...
January 25, 2024 | CSX, Headlines, Quarterly Income
(Source: Trains.com, January 24, 2024) For the fourth quarter of 2023, higher costs ate into CSX’s profits. The railroad’s operating income declined 10%, to $1.3 billion, as revenue declined 1%, to $3.6 billion. Earnings per share declined 8%, to 45 cents. CSX’s...
January 25, 2024 | CN, Headlines, Quarterly Income
(Source: Progressive Railroading, January 23, 2024) CN yesterday reported financial and operating results for fourth-quarter 2023. The Class I posted Q4 revenue of C$4.5 billion, down 2%; net income of C$2.1 billion, up 50%; and C$3.29 diluted earnings per share...
