Rail News Home CSX Transportation 10/21/2021 Rail News: CSX Transportation
CSX Corp. yesterday announced third-quarter 2021 net earnings of $968 million, or 43 cents per share, compared to $736 million, or 32 cents per share in the same period last year.CSX posted an operating ratio of 56.4% in Q3 2021 compared to 56.9% in the prior year period, CSX officials said in a press release.Revenue for quarter climbed 24% from the prior year to $3.29 billion, driven by growth across all business lines, increases in other revenue and the inclusion of Quality Carriers’ results.Operating income improved 26% to $1.44 billion for the quarter."I want to thank all of CSX’s railroaders for their continued dedication to our customers amidst the combination of ongoing supply chain disruptions and challenges presented by the COVID-19 Delta variant this quarter," said President and CEO James Foote. "We are committed to helping our customers overcome current supply chain constraints and will continue to take action in order to keep our network fluid and design new solutions that enable the delivery of critical goods to millions of Americans."
Railroad News
Oct
21
Oct
21
Union Pacific Corp. today reported third-quarter 2021 net income of $1.7 billion, or $2.57 per diluted share, compared with $1.4 billion, or $2.01 per diluted share, in the third quarter 2020.
Operating revenue for the quarter rose 13% to $5.6 billion, while operating income climbed 20% to $2.4 billon compared with the same period a year ago.
Oct
20
Canadian Pacific today reported third-quarter 2021 revenue rose 4% to CA$1.94 billion and net income fell 21% to CA$472 million compared with the same period a year ago.
The company posted diluted earnings per share (EPS) of 70 cents, down 20%, and adjusted diluted EPS of 88 cents, up 7%.
Oct
20
CN yesterday announced Jean-Jacques "JJ" Ruest will retire as president and CEO and as a board member at the end of January 2022 or a later time when a successor is appointed.
Ruest has been with CN for over 25 years and served as CEO since 2018.