Norfolk Southern, CSX Report Lower 4Q Income
Eastern freight railroads Norfolk Southern Corp. and CSX Corp. each reported lower fourth-quarter profits from a year ago.
January 23, 2013Canadian National Reports Higher 4Q Profit
Canadian National Railway Co. reported a higher fourth-quarter profit from a year ago on higher freight volume.
January 22, 2013BNSF Sets $4 Billion Expansion for Oil, Intermodal Shipments
Berkshire Hathaway Inc. plans to increase capital spending at its BNSF Railway Co. by $4.1 billion this year as it prepares to handle rising oil shipments and expands its intermodal terminal capacity, Bloomberg News reported.
January 22, 2013Kansas City Southern Reports Higher Operating Income for 4Q, Year
Kansas City Southern reported a smaller fourth-quarter profit but said its revenue rose 7%, boosted by strong intermodal volume.
January 22, 2013BNSF Projects Its Crude Oil Shipments to Climb 40% on Shale Boom
Burlington Northern Santa Fe railroad will boost crude-oil shipments by 40% this year, helping to offset declines in other cargo, Bloomberg News reported.
January 9, 2013Kansas City Southern’s 3Q Income Falls
Kansas City Southern’s third-quarter income fell to $91 million, or 83 cents a share, from $100 million, or 91 cents, a year ago.
October 19, 2012Union Pacific’s 3Q Income Rises, CSX’s Slips
Two of the largest U.S. freight railroads reported third-quarter results, with intermodal revenue rising at both companies.
October 18, 2012Norfolk Southern’s 2Q Profit Drops
Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.
July 25, 2012Union Pacific’s 2Q Earnings Rise 28%
Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.
July 19, 2012Canadian Pacific Resumes Operations as Strike Ends
Canadian Pacific Railway resumed operations Friday morning after a week-long strike, Reuters reported.
June 1, 2012