February 27, 2019 | BNSF, Headlines, Quarterly Income
(Source: Progressive Railroading, February 26, 2019) BNSF Railway Co. posted fourth-quarter operating income of $2.1 billion, up 3 percent over the same quarter’s results in 2017. A subsidiary of Berkshire Hathaway Inc., BNSF logged quarterly revenue of $6.2...
February 8, 2019 | Headlines, Quarterly Income, Short Line
(Source: Zacks, February 7, 2019) NEW YORK — Genesee & Wyoming’s fourth-quarter earnings (excluding 6 cents from non-recurring items) of $1 per share surpassed the Zacks Consensus Estimate of 90 cents. The bottom line also improved 29.9% on a year-over-year...
January 30, 2019 | CN, Headlines, Quarterly Income
(Source: Reuters, January 29, 2019) MONTREAL — Canadian National Railway Co beat analysts’ estimates for quarterly profit on Tuesday, as it transported higher volumes of petroleum crude and Canadian grain. The company said it saw a “significant...
January 30, 2019 | CN, Headlines, Quarterly Income
(Source: Canadian National Railway press release, January 29, 2019) MONTREAL — CN today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2018. “I’m very pleased with our fourth quarter results and the strong finish to...
January 25, 2019 | Headlines, Quarterly Income, UP
(Source: Freight Waves, January 24, 2019) CHATTANOOGA, Tenn. — Jim Vena was on his first conference call as the newly appointed Chief Operating Officer (COO) of Union Pacific Thursday, on what he said was his tenth day on the job. Full story: Freight...
January 25, 2019 | Headlines, NS, Quarterly Income
(Source: Associated Press, January 24, 2019) OMAHA, Neb. — Norfolk Southern Corp. said it hauled in 44 percent more fourth-quarter profit as volume increased 3 percent and the railroad increased shipping prices. The company said Thursday it had $702 million net...
January 25, 2019 | Headlines, Quarterly Income, UP
(Source: Omaha World-Herald, January 24, 2019) OMAHA, Neb. — As Union Pacific reported better-than-expected quarterly profits Thursday, it also looked ahead to its continuing drive to run a more efficient railroad. Full story: Omaha World-Herald
January 25, 2019 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, January 25, 2019) NORFOLK, Va. — Norfolk Southern Corporation today reported fourth-quarter and 2018 financial results. Net income was $702 million and diluted earnings per share were $2.57 for the fourth quarter and $2,666...
January 24, 2019 | CP, Headlines, Quarterly Income
(Source: Canadian Press, January 23, 2019) CALGARY — Canadian Pacific Railway Ltd. says freight sales drove a 17 per cent leap in revenues to $1.96 billion in the fourth quarter, fuelled by oil, grain and other commodities. Net income for the country’s second-biggest...
January 24, 2019 | CP, Headlines, Quarterly Income
(Source: Freight Waves, January 23, 2019) CHATTANOOGA, Tenn. — In the fight to have the lowest operating ratio (OR) among Class 1 railroads, Canadian Pacific just took first prize. The company, in announcing its fourth quarter 2018 earnings Wednesday, said it had an...
