August 7, 2019 | BNSF, Headlines, Quarterly Income
(Source: Railway Track & Structures, August 6, 2019) NEW YORK — BNSF has announced Q2 2019 financial results in early August, which included the following highlights: • Total revenues were $5.89 billion, compared to Q2 2018 revenues of $5.88 billion, essentially...
August 6, 2019 | BNSF, Headlines, Quarterly Income
(Source: Freight Waves, August 5, 2019) CHATTANOOGA, Tenn. — Second-quarter revenue for BNSF, a unit of Berkshire Hathaway (BRK), rose 0.3 percent despite lower volumes for agricultural products, consumer products and industrial products, the railroad’s parent company...
July 30, 2019 | CN, Headlines, Quarterly Income
(Source: Reuters, July 23, 2019) NEW YORK — Canadian National Railway beat analysts’ estimates for quarterly adjusted profit on Tuesday, as the country’s largest railroad operator shipped higher volumes of crude, refined petroleum products and grains. Full story:...
July 30, 2019 | CN, Headlines, Quarterly Income
(Source: CN press release, July 23, 2019) MONTREAL — CN today reported its financial and operating results for the second quarter ended June 30, 2019. “The CN team delivered record second-quarter results, and we remain optimistic on CN’s volume prospects in the...
July 29, 2019 | Headlines, NS, Quarterly Income
(Source: Norfolk Southern press release, July 24, 2019) NORFOLK, Va. — Norfolk Southern Corporation today reported second-quarter financial results. Second-quarter net income was $722 million, up 2 percent year-over-year, a result of a 4 percent increase in income...
July 19, 2019 | Headlines, Quarterly Income, UP
(Source: Freight Waves, July 18, 2019) CHATTANOOGA, Tenn. — Union Pacific set an all-time record for its operating ratio in the second quarter despite lower freight volumes and a decline in freight revenue. The western U.S. railroad reported an operating ratio of 59.6...
July 19, 2019 | Headlines, KCS, Quarterly Income
(Source: Kansas City Southern press release (PDF), July 19, 2019) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported record revenues of $714 million, an increase of 5% from second quarter 2018. Overall, carload volumes were flat compared to prior year. Second...
July 18, 2019 | CP, Headlines, Quarterly Income
(Source: Canadian Press, July 16, 2019) CALGARY — Canadian Pacific Railway Ltd. announced record second-quarter revenues of nearly $2 billion Tuesday, driven by grain, international container traffic and energy, chemicals and plastics to beat analysts’...
July 18, 2019 | CSX, Headlines, Quarterly Income
(Source: CNBC, July 17, 2019) NEW YORK — The CEO of giant East Coast railroad operator CSX is sounding alarm on the U.S. economy as it weighs on the company’s shipping volumes. Full story: CNBC
July 18, 2019 | CSX, Headlines, Quarterly Income
(Source: Bloomberg, July 17, 2019) NEW YORK — CSX Corp. plunged the most since the 2008 financial crisis after a weakened 2019 sales forecast stoked fears of a prolonged freight slump. Full story: Yahoo Finance
