July 26, 2024 | Headlines, Quarterly Income, Train Length, UP
(Source: Trains.com, July 25, 2024) Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic. Quarterly operating income increased 9%, to $2.4 billion, as revenue grew 1%, to $6 billion. Earnings per share rose 7%, to $2.74. UP’s...
May 9, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, May 6, 2024) BNSF Railway’s first-quarter earnings and revenue declined despite a 7% increase in freight volume. Quarterly operating income declined 7%, to $1.72 billion, as revenue declined 6%, to $5.66 billion, BNSF and its parent company,...
April 25, 2024 | Headlines, Quarterly Income, UP
(Source: Associated Press, April 25, 2024) Union Pacific said it made $1.64 billion, or $2.69 per share, in the first quarter of 2024. That’s higher than last year’s $1.63 billion, or $.2.67 per share. Shipping volume was down 1% in the quarter. Union Pacific said it...
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,...
