September 22, 2014

Class I railroads report first quarter earnings

CSX reported to the public its first quarter 2014 earnings and dividend increase. The railroad announced net earnings of $398 million or $.040 per share. This is a decrease from last year’s first quarter reports of $462 million or $0.45 per share. However, revenue for the quarter grew two percent to $3 billion on volume [...]

Class I employment flat in 4th quarter

The U.S. Class I workforce expanded slightly in November, then contracted a bit in December, according to employment data recently compiled and released by the Surface Transportation Board (STB). As of mid-November 2013, the large U.S. roads employed 163,199 people, up less than 0.1 percent from October’s level and 0.3 percent from November 2012′s count. [...]

Class I railroads release 4th quarter earnings

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CSX Corporation announced its fourth quarter and full-year earnings for 2013 Jan. 15. The railroad reported net earnings of $426 million or $0.42 per share for the fourth quarter. These earnings were down from the same quarter in 2012, with earnings of $449 million or $0.44 per share. Earnings dropped $37 million from the third [...]