July 28, 2016

Wrap up: Major rails’ 3d quarter 2011 profits

BNSF reported a 9 percent improvement in profit for the third quarter 2011 versus the third quarter 2010. The third-quarter operating ratio of 71.7 percent was slightly higher than the 70.8 percent for third-quarter 2010. Operating ratio is a railroad’s operating expenses expressed as a percentage of operating revenue, and is considered by economists to be the […]

Wrap up: Major rails’ 1st quarter 2011 profits

Most major North American freight railroads reported strong earnings for the first quarter 2011 versus first quarter 2010. Following is a wrap-up for the quarterly earnings reported by the railroads to the investment community. Not included is BNSF, which is privately held and does not report its financial results to the investment community. Mention is […]

Winter weather jolts CP first-quarter earnings

Canadian Pacific Railway reported a sharp drop in profit for the first quarter 2011 compared with first quarter 2010, citing severe winter weather. CP said its 15,143 employee count increased by 613 during the quarter, but gave no indication of whether it would add employees the remainder of 2011. First quarter 2011 train speeds fell […]

UP reports strong first quarter results

Union Pacific profit rose 24 percent in first quarter 2011 compared with first quarter 2010, the railroad reported April 20. This follows a 47 percent jump in Union Pacific profit for calendar-year 2010. UP Chairman Jim Young said the railroad would increase its 43,000 employee headcount by about 4,500 in 2011. The railroad reported a […]

CSX profit jumps again in first quarter

CSX profit jumped 30 percent during the first quarter 2011 versus the first quarter 2010, the railroad reported April 19. This comes on the heels of a 35 percent improvement in operating profit for calendar year 2010. The CSX employee headcount rose in March to 30,464 employees, up 3 percent from March 2010, the railroad […]

Record profits, but UP opposes PTC costs

On the same day (Jan. 20) Union Pacific reported record fourth quarter and record calendar year 2010 profits, UP Chairman Jim Young said he is headed to Washington to meet with President Obama’s economic advisers to oppose a congressional mandate that railroads implement crash-avoidance positive train control by year-end 2015. UP told investors its 2010 […]

Shorter bus contracts protect earnings

By Richard Deiser Vice President, Bus Department Kudos to Alternate Bus Vice President-East Calvin Studivant and Alternate Bus Vice President-West Bonnie Morr for being chosen as delegates to the AFL-CIO convention in Pittsburgh, where a highlight was President Obama’s speech that may be viewed on the UTU Web site at www.utu.org. Calvin reports that he […]