July 29, 2014

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 [...]

Class I railroads report 2nd quarter earnings

CSX Corporation announced July 16 second quarter net earnings of $535 million or $0.52 per share. For the second quarter of 2012, CSX earned $512 or $0.49 per share. According to these figures, CSX is up a profit of $23 million over last year’s earnings for the same quarter. CSX attributes these profits to overall [...]

Railroads report mixed 4Q, yearly earnings

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CANADIAN NATIONAL Canadian National Railway reported its income in the fourth quarter of 2012 was $613.8 million, increasing three percent from $595.7 million in the fourth quarter of 2011. Revenue in the fourth quarter increased by seven percent year-over-year to $2.5 billion. For the full year of 2012, profit was $2.7 billion, up eight percent [...]