April 30, 2016

Class I’s announce 2016 first quarter financial results

CSX Corporation announced declining financial results for the first quarter 2016. Net earnings for the railroad decreased to $356 million or $0.37 per share, down from first quarter 2015 reported net earnings of $442 million or $0.45 per share. “As we managed through the impact of the continued coal decline and other market forces during […]

KCS to invest $20 million in rail line

Railway Age reported that Kansas City Southern announced that its principal subsidiary will, in 2016, invest approximately $20 million into construction and improvement projects. Read the entire story here.

Class I’s release fourth quarter and annual earnings

CSX Corporation announced a solid fourth quarter and full-year financial performance for 2015. The railroad announced declines for the fourth quarter and mixed financial results for the full year. CSX reported in a press conference that net earnings declined five percent to $466 million or $0.48 per share (down two percent), down from last year’s […]

Class I railroads announce third quarter 2015 earnings

In a press release Oct. 14, 2015, CSX announced record financial results for the third quarter of 2015. Net earnings for the railroad came in at $507 million for the quarter, compared to the $509 million for the same period last year, which translates into a third quarter record of $0.52 per share, as compared […]

Second quarter financial results in for Class I railroads

CSX Corporation announced all-time record quarterly financial results for the second quarter of 2015. Operating income for the railroad came in at more than $1 billion for the first time in company history. The railroad also saw an all-time record in operating ratio of 68.8 percent. Net earnings came in at $553 million or an […]

Class I railroads release 1st quarter 2015 earnings

CSX Corporation announced increases in its first quarter earnings April 14. Net earnings for the first quarter of 2015 came in at $442 million, an 11 percent increase over the $398 million reported for the same quarter of 2014. The company announced a 13 percent increase of earnings per share to $0.45 over last year’s […]

KCS announces Patrick J. Ottensmeyer as president

Kansas City Southern announced Feb. 20 that as part of its succession planning process, Patrick J. Ottensmeyer has been appointed president, effective March 1, 2015. He will continue to report to David L. Starling, who remains chief executive officer. Ottensmeyer is currently the company’s executive vice president and chief marketing officer. In his new role, […]

Class I railroads release 4th quarter, annual earnings

In a press release Jan. 13, CSX announced record fourth-quarter and full-year financial results for revenue, operating income, net earnings and earnings per share. Net earnings for the railroad saw a 15 percent increase from $426 million from the same quarter last year to $491 million for the fourth quarter of 2014. Revenue for the […]

KCSR starts training, data surveying of PTC

Kansas City Southern Railway Co. (KCSR) has begun employee training and data surveying as part of its effort to implement positive train control (PTC) by year’s end. Last week, employees began to receive training on PTC track and wayside data management at KCSR’s TEaM Training Center in Shreveport, La. About 160 workers were trained and […]

Teen realizes dream of becoming train conductor

LISBON, N.Y. — A Lisbon Central School graduate is living his dream of working as a railroad conductor at age 19. Matthew House, a 2013 graduate of LCS, is now conducting trains in Kansas City. House has been fascinated by trains since age three and even formed a model train club while attending school in […]