{"id":34715,"date":"2016-07-22T13:45:26","date_gmt":"2016-07-22T17:45:26","guid":{"rendered":"https:\/\/www.smart-union.org\/?p=34715"},"modified":"2016-07-22T13:45:26","modified_gmt":"2016-07-22T17:45:26","slug":"2016-2nd-quarter-financial-results-class-railroads","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/","title":{"rendered":"2016 2nd quarter financial results for Class I railroads","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

\"CSX_logo\"<\/h2>\n

Net Earnings:<\/strong> $445 million or $0.47 per share; down from $533 million or $0.56 per share
\nRevenue:<\/strong>\u00a0Down 12 percent
\nOperating Income:<\/strong>\u00a0Down 17 percent to $840 million
\nOperating Ratio:<\/strong>\u00a0Increased 210 basis points to 68.9 percent
\nClick here<\/a> to read CSX’s full earnings report.
\n 
\n\"KCS_rail_logo\"
\nNet earnings:<\/strong> $120 million or $1.11 diluted earnings per share, a 10 percent increase
\nRevenue:<\/strong> $569 million, a decrease of 3 percent
\nOperating Income:<\/strong> $220 million, an 18 percent increase
\nOperating Ratio:<\/strong> 61.3 percent, improvement of 6.8 points
\nClick here<\/a> to read Kansas City Southern’s\u00a0full earnings report.
\n 
\n\"CP_Logo_RGB\"
\nNet Earnings:<\/strong>\u00a0C$328 million or C$2.15 per share, a decline of 16 percent
\nRevenue:<\/strong>\u00a0C$1.45 billion, a decrease of 12 percent
\nOperating Income:<\/strong>\u00a0C$551 million, a decrease of C$95 million
\nOperating Ratio:<\/strong> 62 percent, an increase of 110 basis points
\nClick here<\/a> to read Canadian Pacific’s full earnings report.
\n 
\n\"union_pacific_logo\"
\nNet Earnings:<\/strong> $1.0 billion or $1.17 per diluted share, a decline of 15 percent
\nRevenue:<\/strong> $4.8 billion, down 12 percent
\nOperating Income:<\/strong> $1.7 billion, down 15 percent
\nOperating Ratio:<\/strong> 65.2 percent, an increase of 1.1 points
\nClick here<\/a> to read Union Pacific’s full earnings report.
\n 
\n\"CN_red_logo\"
\nNet Earnings:<\/strong> Decreased to C$858 million or C$1.10 per diluted share
\nRevenue:<\/strong> Decreased to C$2,842 million, a 9 percent decrease
\nOperating Income:<\/strong> C$1,549 million, a 12 percent decline
\nOperating Ratio:<\/strong> Second quarter record of 54.5 percent, an improvement of 1.9 points
\nClick here<\/a> to read Canadian National’s full second quarter earnings report.
\n 
\n\"ns_Logo\"
\nNet Earnings: $405 million or $1.36 diluted earnings per share, a decline in net earnings and a 4 percent decline in earnings per share.
\nRevenue: $2.5 billion, down 10 percent
\nOperating Income:\u00a0$770 million, a 5 percent decrease<\/span>
\nOperating Ratio: Improved to 68.6 percent, a 140 basis point improvement or 11 percent reduction
\nClick here<\/a> to read Norfolk Southern’s full second quarter earnings report.
\n 
\nNote:<\/strong>\u00a0Operating 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","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

Net Earnings: $445 million or $0.47 per share; down from $533 million or $0.56 per share Revenue:\u00a0Down 12 percent Operating Income:\u00a0Down 17 percent to $840 million Operating Ratio:\u00a0Increased 210 basis points to 68.9 percent Click here to read CSX’s full earnings report.   Net earnings: $120 million or $1.11 diluted earnings per share, a 10 […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":6,"featured_media":33330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[18],"tags":[1977,786,939,88,89,92,93],"member_types":[],"acf":[],"yoast_head":"\n2016 2nd quarter financial results for Class I railroads - 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\/2016-2nd-quarter-financial-results-class-railroads\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2016 2nd quarter financial results for Class I railroads - SMART Union\" \/>\n<meta property=\"og:description\" content=\"Net Earnings: $445 million or $0.47 per share; down from $533 million or $0.56 per share Revenue:\u00a0Down 12 percent Operating Income:\u00a0Down 17 percent to $840 million Operating Ratio:\u00a0Increased 210 basis points to 68.9 percent Click here to read CSX’s full earnings report.   Net earnings: $120 million or $1.11 diluted earnings per share, a 10 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/\" \/>\n<meta property=\"og:site_name\" content=\"SMART Union\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-22T17:45:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2016\/04\/financial-reports-for-web-e1461777094805.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"143\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"amyr\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"amyr\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/\"},\"author\":{\"name\":\"amyr\",\"@id\":\"https:\/\/www.smart-union.org\/#\/schema\/person\/32d7996d81f2ddbf2099238b9315f71d\"},\"headline\":\"2016 2nd quarter financial results for Class I railroads\",\"datePublished\":\"2016-07-22T17:45:26+00:00\",\"dateModified\":\"2016-07-22T17:45:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/\"},\"wordCount\":311,\"publisher\":{\"@id\":\"https:\/\/www.smart-union.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2016\/04\/financial-reports-for-web-e1461777094805.jpg\",\"keywords\":[\"2nd Quarter earnings\",\"CN\",\"CP\",\"CSX\",\"KCS\",\"NS\",\"UP\"],\"articleSection\":[\"Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/\",\"url\":\"https:\/\/www.smart-union.org\/2016-2nd-quarter-financial-results-class-railroads\/\",\"name\":\"2016 2nd quarter financial results for Class I railroads - 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