Net Earnings: $455 million or $0.48 per share; down from $507 million or $0.52 per share
Revenue: Declined 8 percent
Operating Income: Declined 10 percent to $841 million
Operating Ratio: Increased 70 basis points to 69.0 percent
Click here to read CSX’s full earnings report
Net Earnings: $121 million or $1.12 per diluted share; down from $132 million or $1.20 per diluted share
Revenue: Decreased 4 percent to $605 million
Operating Income: Decreased 9 percent to $200 million
Operating Ratio: Increased to 66.9 percent
Click here to read Kansas City Southern’s full earnings report
Net Earnings: C$347 million (7 percent increase) or C$2.34 diluted earnings per share (a 15 percent increase); up from C$323 million or C$2.04 diluted earnings per share
Revenue: Decrease of 9 percent to C$1.55 billion
Operating Income: C$657 million, a decrease of 13 percent
Operating Ratio: 57.7 percent, lowest ever reported
Click here to read Canadian Pacific’s full earnings report
Net Earnings: $1.1 billion or $1.36 per diluted share (9 percent decline); down from $1.3 billion or $1.50 per diluted share
Revenue: $5.2 billion, down 7 percent
Operating Income: Declined 11 percent to $2.0 billion
Operating Ratio: 62.1 percent, up 1.8 points
Click here to read Union Pacific’s full earnings report
Net Earnings: C$972 million or C$1.25 per diluted share, as compared to 2015 3rd quarter of C$1,007 million or C$1.26 per diluted share
Revenue: Decreased 6 percent to C$3,014 million
Operating Income: Declined 5 percent to C$1,407 million
Operating Ratio: A record 53.3 percent, a 0.5-point improvement
Click here to read Canadian National’s full earnings report
Net Earnings: $460 million (2 percent increase) or $1.55 diluted earnings per share (4 percent increase); up from $452 million or $1.49 diluted earnings per share
Revenue: Declined 7 percent to $2.5 billion
Operating Income: Stayed at a steady $820 million
Operating Ratio: 67.5 percent, a 220 basis point improvement over 2015’s reported 69.7 percent in the third quarter
Click here to read Norfolk Southern’s full earnings report
Note: 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.
Tag: Union Pacific
According to The Oregonian, a Union Pacific oil train traveling through the Columbia River Gorge derailed and caught fire Friday afternoon. Although no injuries were reported, local schools evacuated students and nearby state highways were shut down.
The train originated from North Dakota and was carrying the volatile Bakken crude oil to Washington state. Eleven of the 96-car train derailed almost 70 miles east of Portland, near the town of Mosier, Ore.
SMART TD Washington State Legislative Director Herb Krohn has been briefed on the accident and was dispatched to the scene. Krohn serves on the Transportation Division Rail Safety Task Force.
Click here to see pictures of the derailment from RT news.
Click here to read more from The Oregonian.
The Hutchinson News reported that a recently released NTSB investigation report indicates that UP contributed to the ‘probable cause’ of the 2014 collision of two UP freight trains near Galva, Kan.
Read the complete article here.
GREAT SALT LAKE — One of the strangest and most striking places in Utah — an enormous oddity that scientists say was created accidentally by human engineering — is getting a bit of a remodeling job.
Union Pacific Railroad is beginning a bridge-building project to replace a small portion of a causeway that’s been blamed for a half-century of disruption in the natural circulation of the Great Salt Lake.
Experts say the railroad causeway built across the lake in 1959 led to the formation of a vast plate of hardened salt covering hundreds of square miles — probably one of the largest man-made objects on Earth. It surrounds and evidently underlies nearly the entire north arm of the lake.
“The construction of the causeway has created the necessary conditions for the salt to form,” said Andrew Rupke of the Utah Geological Survey who has been conducting studies on the so-called salt crust that developed in the last 56 years.
Read more from KSL.com.
Creighton University is developing a program to aid those who will lose their jobs in the wake of ConAgra’s recent announcement that it will slash expenses by eliminating salaried positions and relocating its global headquarters from Omaha to Chicago.
ConAgra announced Thursday that it would uproot its Omaha headquarters next year. About 1,000 people are expected to be laid off in the coming weeks.
Those who lost their jobs at Union Pacific, which announced layoffs in August, also will be eligible for the program.
Click here for more information on the scholarship being offered by Creighton University.
Read more from Omaha World-Herald.
Troy J. Jordan, 49, of Shawnee, Kansas died in an accident while working on Union Pacific property in Kansas City, Kan. Sept. 29, 2015.
After high school, Jordan graduated from Central Missouri State University with a bachelor’s degree in criminal justice. Jordan hired out with Union Pacific railroad in 2008 and became a member of SMART Transportation Division Local 1403 (Kansas City, Mo.) that same year. Jordan was a member of St. Joseph Catholic Parish and was proud of his Irish heritage.
Jordan leaves behind his wife of nine years Dorothy, children McKinsey, Tyler, Shannon, Emilee, Brianna Smith, Tori (Grant) Frazier, parents Bobbie and Joe, grandchildren Brooklynn Smith, Tucker Smith, Kinadee Frazier and Carson Frazier.
Visitation will be 4 p.m. to 7 p.m. Sunday, Oct. 4 at the Amos Family Funeral Home, 10901 Johnson Dr., Shawnee, KS 66203. A Mass of Christian burial will be held 10 a.m. Monday, Oct. 5 at St. Joseph Catholic Church, 11311 Johnson Dr., Shawnee, KS 66203. Interment will follow at St. Joseph Catholic Cemetery, also in Shawnee. Memorial contributions may be made to the family in care of Amos Family Funeral Home.
Click here to see Jordan’s obituary and to leave condolences.
KANSAS CITY, Kan. — Authorities are investigating after a Union Pacific Railroad employee was found dead under a rail car in Kansas City, Kansas.
According to police, officers responded to reports of a person trapped under a train in a rail yard around 11:20 a.m. Tuesday.
Read more from WIBW.com.
The Union Pacific employee was SMART Transportation Division member Troy Jordan, 49, of Local 1403 of Kansas City, Mo.
The theft of copper wire from railroad tracks in Texarkana, Ark., in April created a public hazard, a prosecutor said.
Prosecutors in Miller County, Ark., formally charged Jeffrey Duane Procella, 39, last week in theft of metal and felony criminal mischief in the removal of signal wire from a Union Pacific Corp. railroad track in Texarkana.
When signal wire is damaged, the flow of critical railroad information is disrupted. Malfunctioning signals have the potential to cause a train wreck.
Read more from Northwest Arkansas Democrat Gazette.
Union Pacific Railroad’s board yesterday elected Lance Fritz chairman, president and chief executive officer effective Oct. 1. As chairman, Fritz will succeed Jack Koraleski, who plans to retire Sept. 30.
Fritz was elected UP’s president and CEO, and to the board, on Feb. 5. A year earlier, he was named president and chief operating officer. He previously served as executive vice president-operations, VP-labor relations, regional VP of the southern region and regional VP of the northern region. Fritz began his career at UP in July 2000 in marketing and sales as VP and general manager-energy, according to a company press release.
When Koraleski retires in fall, he will conclude a 43-year career at the Class I, in which he served as executive chairman; chairman, president and CEO; executive VP-marketing and sales; and executive VP-finance and information technology.
Read more from Progressive Railroading.
The Federal Railroad Administration said Wednesday that train companies must continue reporting crude oil routes and volumes to state authorities concerned about derailments and fires. The interim regulation requiring notification will become permanent.
Oil-hauling railroads include Omaha-based Union Pacific and Berkshire Hathaway-owned BNSF Railway.
Read more from Omaha.com.