Railroad News

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.

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.

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.

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.