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
- Union leaders, community supporters to rally Friday, April 4, in support of Kilmar Armando Abrego Garcia and family
- New CSX conductor improvises to save a life
- SMART News: Protecting Railroad Retirees’ Future
- More Than a Story: SMART-TD’s Women’s History Month Highlights Legacies in the Making
- Tentative Agreement Reached in Boston
- Nevada railroaders: ACT NOW to help pass a railroad safety bill
- Legislative win means more money for disabled rail workers in New Jersey
- Assembly, No. 1672
- Catching Flies with Honey: Jessica Martin Builds Solidarity on the Local Level
- Historic short-line agreement proves workers are stronger with SMART-TD at their side