{"id":18169,"date":"2012-10-24T03:55:26","date_gmt":"2012-10-24T03:55:26","guid":{"rendered":"http:\/\/utu.org\/?p=18169"},"modified":"2012-10-24T03:55:26","modified_gmt":"2012-10-24T03:55:26","slug":"csx-third-quarter-profit-declines","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/csx-third-quarter-profit-declines\/","title":{"rendered":"3d quarter rail profits wrap-up","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

\"\"<\/a>BNSF reported a 22 percent increase in profit for the third quarter 2012 versus third quarter 2011, citing improved intermodal (trailers and containers on flat cars) and automotive traffic.<\/p>\n

BNSF\u2019s third quarter 2012 operating ratio of 68.3 percent was a significant improvement over the 71.7 percent for third quarter 2011. Operating ratio is a railroad\u2019s 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.<\/p>\n

BNSF operates in 28 states and two Canadian provinces<\/p>\n

 <\/p>\n

\"\"<\/a>Canadian National reported a less than one percent drop in profit for the third quarter 2012 versus third quarter 2011.<\/p>\n

CN\u2019s third quarter 2012 operating ratio of 60.6 percent increased from 59.3 percent from third quarter 2011. Operating ratio is a railroad\u2019s 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.<\/p>\n

CN is primarily a Canadian railroad. Its U.S. holdings include what were formerly Detroit, Toledo & Ironton; Elgin, Joliet & Eastern; Grand Trunk Western; Illinois Central; and Wisconsin Central.<\/p>\n

 <\/p>\n

\"\"Canadian Pacific reported a\u00a020 percent improvement in profit for the third quarter 2012 versus third quarter 2011. The railroad attributed the improvement to cost cuts, efficiency improvements and an increase in automotive traffic.<\/p>\n

CP\u2019s third quarter 2012 operating ratio of 74.4 was an improvement from the 75.8 percent operating ratio for third quarter 2011. Operating ratio is a railroad\u2019s 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.<\/p>\n

Canadian Pacific is primarily a Canadian railroad. Its U.S. holdings include Class I Soo Line and regional railroad Delaware & Hudson.<\/p>\n

 <\/p>\n

\"\"CSX reported a 2 percent drop in profit for the third quarter 2012 versus third quarter 2011, citing lower overall freight volume and lower fuel-cost recovery even as export coal, automotive and intermodal shipments (trailers and containers on flat cars) showed increases.<\/p>\n

The CSX third quarter 2012 operating ratio of 70.5 percent was virtually unchanged from the 70.4 percent for third quarter 2011. Operating ratio is a railroad\u2019s 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.<\/p>\n

CSX operates some 21,000 route miles in 23 states and the District of Columbia.<\/p>\n

 <\/p>\n

\"\"Kansas City Southern reported a 9.8 percent drop in profit for the third quarter 2012 versus third quarter 2011, even as carloads rose and operating ratio improved. The railroad cited as the reason an almost 70 percent higher tax bill in Mexico stemming from a rise in the value of the peso against the dollar and continuing rebuilding expenses two years after Hurricane Alex damaged rail facilities south of the border. About half the railroad\u2019s revenue flows from its operations in Mexico.<\/p>\n

KCS\u2019s third quarter 2012 operating ratio of 68.7 was a 2.6 percentage point improvement from third quarter 2011 and the best in company history. Operating ratio is a railroad\u2019s 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.<\/p>\n

KCS operates some 3,500 route miles in 10 states in the Central and South-Central U.S., as well as Kansas City Southern de Mexico, a primary Mexican rail line.<\/p>\n

 <\/p>\n

\"\"Norfolk Southern reported a 27 percent decline in profit for third quarter 2012 versus third quarter 2011, citing reductions in coal and merchandise volume. The slump in coal shipments has resulted in employee furloughs.<\/p>\n

NS\u2019s third quarter 2012 operating ratio of 72.9 was a more than five percentage point increase over the third quarter 2011 operating ratio of 67.5. Operating ratio is a railroad\u2019s 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.<\/p>\n

Norfolk Southern operates some 20,000 route miles in 22 states and the District of Columbia.<\/p>\n

\u00a0\u00a0\u00a0<\/p>\n

\"\"Union Pacific profit rose 15 percent in third quarter 2012 compared with third quarter 2011. The railroad said price increases and more automotive and chemical shipments overcame a drop in coal loadings.<\/p>\n

Union Pacific\u2019s third quarter 2012 operating ratio of 66.6 percent was 2.5 percentage points better than third quarter 2011, and a 0.4 percentage point improvement from the previous record set in the second quarter 2012.Operating ratio is a railroad\u2019s 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.<\/p>\n

Union Pacific operates some 32,000 route miles in 23 states in the western two-thirds of the U.S.<\/p>\n

 <\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

BNSF reported a 22 percent increase in profit for the third quarter 2012 versus third quarter 2011, citing improved intermodal (trailers and containers on flat cars) and automotive traffic. BNSF\u2019s third quarter 2012 operating ratio of 68.3 percent was a significant improvement over the 71.7 percent for third quarter 2011. Operating ratio is a railroad\u2019s […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[9,18],"tags":[784,786,88,180,89,971,1726,185],"member_types":[],"acf":[],"yoast_head":"\n3d quarter rail profits wrap-up - SMART Union<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smart-union.org\/csx-third-quarter-profit-declines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3d quarter rail profits wrap-up - SMART Union\" \/>\n<meta property=\"og:description\" content=\"BNSF reported a 22 percent increase in profit for the third quarter 2012 versus third quarter 2011, citing improved intermodal (trailers and containers on flat cars) and automotive traffic. 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