(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 of this year, operating income was up 96%, to $1.1 billion, as revenue grew 2%, to $3 billion. Earnings per share rose 108%, to $3.25. The operating ratio was 62.8%, a 22-point improvement from a year ago. Adjusted for the impact of one-time items, the operating ratio was 65.1%.
Full story: Trains.com