Rail News Home Canadian Pacific 4/28/2022 Rail News: Canadian Pacific
CP's operating ratio (OR) for the quarter rose to 70.9% from 60.2%. The adjusted OR was 69.8%. Photo – cpr.ca
Railroad News
Apr
28
Apr
28
Canadian Pacific yesterday reported first-quarter 2022 revenue decreased 6% to CA $1.84 billion, while net income fell nearly 2% to CA$590 million compared with the same period in 2021.
The Class I posted diluted earnings per share (EPS) of 63 cents for the quarter, down from 90 cents a year ago. The core adjusted diluted EPS, excluding significant items and Kansas City Southern acquisition accounting, was 67 cents.
Apr
27
Rail News Home Norfolk Southern Railway 4/27/2022 Rail News: Norfolk Southern Railway
This is the third easement donated to Lowcountry Land Trust, which protects more than 150,000 acres of ecologically significant land. Photo – NS
This is the third easement donated to Lowcountry Land Trust, which protects more than 150,000 acres of ecologically significant land. Photo – NS
Norfolk Southern Railway yesterday announced plans to permanently protect 1,105 acres of wetlands along South Carolina’s coastal plain through a conservation easement.
The "ecologically significant land" is home to the Coldwater Branch Stream and Wetland Mitigation Bank at Brosnan Forest, NS' 14,400-acre timber and wildlife preserve northwest of Charleston, NS officials said in a press release.
Apr
27
CN yesterday announced "sound operating and financial performance" in first-quarter 2022, including CA$3.7 billion in revenue, up 5%, and adjusted diluted earnings per share (EPS) of CA$1.32, up 7%, compared with first-quarter results in 2021.
The Class I posted operating income of CA$1.2 billion, down 8%, and adjusted operating income of CA$1.2 billion, up 4%. Net income came in at CA$918 million, down from CA$976 million a year ago.
Apr
27
Rail News Home Norfolk Southern Railway 4/27/2022 Rail News: Norfolk Southern Railway
NS posted Q1 2022 operating revenue of $2.9 billion, up 10% compared with last year's results, driven by a 16% increase in revenue per unit. Photo – nscorp.com
NS posted Q1 2022 operating revenue of $2.9 billion, up 10% compared with last year's results, driven by a 16% increase in revenue per unit. Photo – nscorp.com
Norfolk Southern Corp. today reported first-quarter 2022 financial results that included first-quarter records for railway operating revenue, income from railway operations, net income and diluted earnings per share.
NS posted Q1 2022 operating revenue of $2.9 billion, up 10% compared with last year's results, driven by a 16% increase in revenue per unit.