On the heels of blockbuster third quarter earnings reports by CSX and Union Pacific, Kansas City Southern and Canadian National on Oct. 26 reported their own impressive earnings improvements.
Kansas City Southern reported doubling its third quarter net income, and reducing its operating ratio from 78.3 percent a year ago to 73.5 percent for the most recent third quarter. Operating ratio is the railroad’s operating expenses expressed as a percentage of operating revenue, and is considered by economists as a basic measure of carrier profitability.
KCS said its profits would have been even stronger were it not for the impact of Hurricane Alex.
Separately, Canadian National reported that third quarter net income soared by 21 percent over the same period in 2009, and that its operating ratio declined to 60.7 percent from almost 63 percent for the third quarter 2009.
Norfolk Southern reports third quarter earnings Oct. 27.
Union Pacific last week reported its most profitable quarter ever for the three months ending Sept. 30, 2010.
CSX last week reported its third quarter earnings had soared by 43 percent.
As BNSF is now privately held, it no longer reports quarterly earnings.
Related News
- Federal Protection for Train Crews Promised by Passenger Rail Crew Protection Act
- New Rail Safety Bill Addresses East Palestine “Vent and Burn” Failures
- Philadelphia Bus Operator Reinstated by Arbitration Victory
- Are You Registered to Vote? Check Your Status Today!
- CSX ENDS OPERATION REDBLOCK
- Registration Open for St. Paul Regional Training Seminar
- Important DOT Drug Testing Notice Affects Members
- Honoring the Life of Brother Ed Weathers, Jr.
- Members Helped Raise $200K for Brothers and Sisters in Need
- Resolve to Keep Your Timebook Current in 2026