Net Earnings: Up 37 percent, to $1.1 billion
Revenue: $5.6 billion, an increase of 8 percent
Operating Income: $1.74 billion, up from $1.58 billion a year ago
Operating Ratio: Increased to 68.5 percent, but down from 69.2 percent a year ago
Click here to read BNSF’s full earnings report. (PDF)
 

Net Earnings: Increased 16 percent to C$741 million from C$884 million; diluted earnings per share decreased by 14 percent to C$1.00 from C$1.16
Revenue: Decreased C$12 million to C$3,194 million from C$3,206 million
Operating Income: Decreased 16 percent to C$1,030 million from C$1,224 million
Operating Ratio: Increased 6.0 points to 67.8 percent from 61.8 percent
Click here to read CN’s full earnings report.
 

Net Earnings: Decreased 19 percent from C$431 million to C$348 million; diluted earnings per share decreased 18 percent to C$2.41 from C$2.93
Revenue: Increased 4 percent to C$1.66 billion from C$1.60 billion
Operating Income: Decreased 11 percent to C$540 million from C$604 million
Operating Ratio: Increased 510 basis points to 67.5 percent
Click here to read CP’s full earnings report.
 

Net Earnings: A record $695 million or $0.78 per share as compared to 2017’s $362 million or $0.39 per share
Revenue: Remained flat at $2.88 billion
Operating Income: Increased 36 percent to $1.04 billion from $769 million from the same quarter in 2017
Operating Ratio: Improved 950 basis points to 63.7 percent from 73.2 percent in 2017
Click here to read CSX’s full earnings report.
 

Net Earnings: Decreased to $145 million or $1.40 diluted earnings per share from $147 million or $1.38 per share
Revenue: Increased 5 percent to a record $639 million, up from $610 million
Operating Income: Increased 4 percent to a record $219 million from $211 million
Operating Ratio: Increased to 65.8 percent from 65.4 percent
Click here to read KCS’ full earnings report.
 

Net Earnings: Increased 27 percent to a record $552 million from $757 million; diluted earnings per share increased 30 percent to a record $1.93 from $1.48
Revenue: Increased 6 percent to $2.7 billion from $2.6 billion
Operating Income: Increased 10 percent to a record $835 million from $757 million
Operating Ratio: A record 69.3 percent down from 70.6 percent
Click here to read NS’ full earnings report.
 

Net Earnings: Increased to $1.3 billion from $1.1 billion; diluted earnings per share increased 27 percent to a record $1.68 from $1.32 per share.
Revenue: Increased 7 percent to $5.5 billion, up from $5.1 billion
Operating Income: Increased 8 percent to $1.9 billion from $1.8 billion
Operating Ratio: Improved 0.6 points to 64.6 percent from 65.2
Click here to read UP’s full earnings report.
 


Notes:

  • Operating ratio is a railroad’s operating expenses expressed as a percentage of operating revenue, and is considered by economists to be the basic measure of carrier profitability. The lower the operating ratio, the more efficient the railroad.
  • All comparisons are made to 2017’s first quarter financial results for each railroad.