Railroad News

CSX yesterday announced first-quarter 2022 net earnings of $859 million, or 39 cents per share, compared to $706 million, or 31 cents per share, in the same period last year.

First-quarter operating income totaled $1.28 billion compared to $1.1 billion in the prior year. Revenue rose 21% to $3.41 billion, as an overall revenue-per-unit increase of 24% more than offset a 2% decline in volume, CSX officials said in a press release.

Union Pacific Railroad today reported revenue growth drove first-quarter records for operating revenue, operating income, net income and earnings per share.

The Class I posted first-quarter 2022 net income of $1.6 billion, or $2.57 per diluted share, compared with net income of $1.3 billion, or $2 per diluted share, in the same quarter a year ago.