April 20, 2016 | Headlines, KCS, Quarterly Income
(Source: Kansas City Southern press release (PDF), April 19, 2016) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported first quarter 2016 revenues of $563 million. Overall, carload volumes were 5% lower than in first quarter 2015. Excluding the estimated impacts of...
April 20, 2016 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific press release, April 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its lowest-ever first-quarter operating ratio of 58.9 percent and reported diluted earnings per share of $3.51 or $2.50 on an adjusted diluted...
April 20, 2016 | CP, Headlines, Quarterly Income
(Source: Reuters, April 20, 2016) CALGARY — Canadian Pacific Railway Ltd said on Wednesday it planned to repurchase up to 5 percent of its shares, just over a week after abandoning a bid to buy Norfolk Southern Corp. CP’s net income rose about 69 percent to...
April 14, 2016 | Headlines, Quarterly Income
(Source: Associated Press, April 13, 2016) OMAHA, Neb. — CSX railroad said Wednesday it plans to continue cutting costs this year to deal with slowing freight volume and declining profit. Full story: Lincoln Journal Star
April 13, 2016 | CSX, Headlines, Quarterly Income
(Source: CSX press release, April 12, 2016) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of last year. “As we managed through...
April 11, 2016 | Headlines, Quarterly Income
(Source: MarketWatch, April 10, 2016) NEW YORK — There may be a light at the end of the tunnel for railroads. Maybe. After months of sagging stock prices, some analysts are predicting a bit of relief for the group as certain cargo groups hit bottom and the economic...
March 2, 2016 | BNSF, Headlines, Quarterly Income
(Source: Progressive Railroading, March 1, 2016) BNSF Railway Co. closed out 2015 with a 5 percent decrease in total annual revenue, but a 10 percent increase in net income compared with 2014’s results, the Class I announced on its website yesterday....
March 1, 2016 | BNSF, Headlines, Quarterly Income
(Source: Fort Worth Star-Telegram, February 29, 2016) FORT WORTH, Texas — Warren Buffett had nice things to say about Fort Worth-based BNSF Railway in his annual letter to shareholders, even as the railroad’s profits are declining. Berkshire Hathaway said BNSF’s...
February 29, 2016 | BNSF, Headlines, Quarterly Income
(Source: Associated Press, February 27, 2016) OMAHA, Neb. — Berkshire Hathaway reported a 32 percent jump in fourth-quarter earnings on Saturday, as its eclectic collection of subsidiaries mostly performed well. Buffett said BNSF significantly improved its service in...
January 27, 2016 | CN, Headlines, Quarterly Income
(Source: CN press release, January 26, 2016) MONTREAL — CN announced today that its Board of Directors has approved a 20 per cent increase in the Company’s quarterly cash dividend. With this increase, CN’s dividend on an annualized basis is C$1.50 per...
