July 13, 2016 | Headlines, Quarterly Income
(Source: Bloomberg, July 13, 2016) NEW YORK — Railroad shipments are falling at the fastest pace since 2009, employees are getting furloughed and profits probably fell for the fifth straight quarter. Yet for investors the worst may already be over. Full story:...
May 9, 2016 | BNSF, Headlines, Quarterly Income
(Source: Bloomberg, May 7, 2016) FORT WORTH, Texas — Berkshire Hathaway said Friday that quarterly profits from Fort Worth-based BNSF Railway fell 25 percent to the lowest level in two years, contributing to the drop in operating earnings at Warren Buffett’s company....
May 2, 2016 | BNSF, Headlines, Quarterly Income
(Source: Omaha World-Herald, May 1, 2016) OMAHA, Neb. — Berkshire Hathaway said Saturday that first-quarter profit fell 12 percent on lower earnings from the key railroad and energy units. The largest contributors, BNSF Railway and Berkshire Hathaway Energy, which...
April 29, 2016 | Headlines, Quarterly Income, Short Line
(Source: G&W press release, April 28, 2016) DARIEN, Conn. — Genesee & Wyoming Inc. (G&W) reported first quarter 2016 financial results on April 28, 2016. First Quarter Consolidated Highlights: • Operating revenues increased 21.6% to $482.6 million from...
April 26, 2016 | CN, Headlines, Quarterly Income
(Source: CN press release, April 25, 2016) MONTREAL — CN reported its financial and operating results for the first quarter ended March 31, 2016. First-quarter 2016 financial highlights • Net income increased 13 per cent to C$792 million, while diluted EPS increased...
April 22, 2016 | Headlines, Quarterly Income, UP
(Source: Associated Press, April 22, 2016) OMAHA, Neb. — Union Pacific’s first-quarter profit fell 15 percent, hit by a steep decline in the amount of freight hauled as a result of weak energy and commodity prices. The railroad based in Omaha, Neb., said...
April 22, 2016 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, April 21, 2016) NORFOLK, Va. — Norfolk Southern Corporation today reported financial results for first-quarter 2016. Net income for the quarter was $387 million, 25 percent higher compared with $310 million during the same...
April 22, 2016 | Headlines, NS, Quarterly Income
(Source: Associated Press, April 21, 2016) OMAHA, Neb. — Norfolk Southern’s first-quarter profit jumped 25 percent thanks to the railroad’s efforts to reduce costs 13 percent as volume slowed. The Norfolk-based railroad said Thursday it earned $387 million, or $1.29...
April 21, 2016 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, April 21, 2016) OMAHA, Neb. — Union Pacific Corporation today reported 2016 first quarter net income of nearly $1.0 billion, or $1.16 per diluted share compared to about $1.2 billion, or $1.30 per diluted share, in the first...
April 20, 2016 | Headlines, KCS, Quarterly Income
(Source: Kansas City Star, April 19, 2016) KANSAS CITY, Mo. — Flooding shut down parts of Kansas City Southern’s railway operations for three weeks but did not derail its first quarter earnings. The company posted $107.8 million in profits during the first quarter, or...
