May 24, 2015

Opinion: The camera never blinks

The following was written by former UTU Director of Public Relations Frank N. Wilner. “Here’s looking at you, kid,” is a cherished line from the movie Casablanca, but when the looking is through a hidden camera lens in the locker room or even visibly trained on crewmembers inside a locomotive cab, well, you won’t hear [...]

3d quarter rail profits wrap-up

BNSF reported a 22 percent increase in profit for the third quarter 2012 versus third quarter 2011, citing improved intermodal (trailers and containers on flat cars) and automotive traffic. BNSF’s third quarter 2012 operating ratio of 68.3 percent was a significant improvement over the 71.7 percent for third quarter 2011. Operating ratio is a railroad’s [...]

Second quarter 2012 rail profits wrap-up

BNSF reported a 16 percent increase in profit for the second quarter 2012 versus second quarter 2011. BNSF’s second quarter 2012 operating ratio of 71.1 percent was a more than 3 percentage point improvement over second quarter 2011. Operating ratio is a railroad’s operating expenses expressed as a percentage of operating revenue, and is considered [...]

First quarter 2012 rail profits wrap-up

BNSF reported a 15 percent increase in profit forf the first quarter 2012 versus first quarter 2011, citing improved pricing and higher fuel surcharges. BNSF’s first quarter 2012 operating ratio of 74.4 percent was one percentage point lower than for the first quarter 2011. Operating ratio is a railroad’s operating expenses expressed as a percentage [...]

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 [...]

KCS first-quarter profit nearly doubles

Kansas City Southern’s first-quarter 2011 profit was almost double that of the first quarter 2010, the railroad reported April 22. This followed an 82 percent increase in profit for calendar-year 2010. The employee headcount remains constant at 6,080. The railroad did not indicate whether it would be increasing its headcount in 2011. The KCS first [...]

Railroads 2010: How sweet it was

How did major railroads perform in 2010? Reviewing their calendar-year and fourth-quarter profit statements, one wouldn’t know they were operating in the midst of a nationwide recession. Profits soared, stock dividends were raised and operating ratios improved. (Operating ratio — a railroad’s operating expenses expressed as a percentage of operating revenue — is considered by [...]

Leadership message: Jan. 18

Brothers and Sisters: We know our rail members employed by BNSF, CSX, KCS, NS and UP are anxious about the status of talks with the National Carriers’ Conference Committee (NCCC). The talks resume Jan. 22 in Jacksonville, Fla. It has been a year since the UTU and the NCCC held negotiations; and, in the interim, [...]