August 6, 2024 | BNSF, Headlines, Quarterly Income
(Source: Trains.com, August 4, 2024) BNSF Railway boosted operating profits in the second quarter thanks to a combination of cost control and traffic volume gains. The railway on Saturday, Aug. 3, said its operating income increased 1%, to $1.8 billion, as revenue...
July 31, 2024 | CPKC, Headlines, Quarterly Income
(Source: Trains.com, July 30, 2024) Canadian Pacific Kansas City had a gangbuster second quarter as merger-related traffic synergies kicked in faster than expected and boosted revenue and profits, executives said on Tuesday. CPKC’s quarterly operating income —...
July 26, 2024 | Headlines, NS, Quarterly Income
(Source: Trains.com, July 25, 2024) The railroad’s Q2 2024 results show a return to normalcy compared to last year’s second quarter, which was heavily impacted by the financial toll of the hazardous materials derailment in East Palestine, Ohio. For the second quarter...
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...
