- Tags Bernard Norwood, COVID-19, Local 61, SEPTA, Stephen McFadden
News Archive
Class I carriers report 2020 first quarter earnings
Net Earnings: Decreased 5% to $1.19 billion. Revenue: Decreased 6% to $5.4 billion. Operating Income: Increased 2% to $1.8 billion. Operating Expenses:Decreased 6.7% to $3.6 billion. Operating Ratio: Improved by 4 points to 65.2%. Link to read BNSF’s full earnings repor [...]NS idles yard in N.C.; UP an engine shop in Ark.
In a move that carrier officials said was in reaction to the COVID-19 pandemic, Norfolk Southern has idled the hump yard at Linwood Terminal in North Carolina, costing more than 80 people their jobs. NS told Trains Magazine May 1 that the “unforeseeable business circums [...]