{"id":41488,"date":"2017-07-24T15:25:34","date_gmt":"2017-07-24T19:25:34","guid":{"rendered":"https:\/\/www.smart-union.org\/?p=41488"},"modified":"2017-07-24T15:25:34","modified_gmt":"2017-07-24T19:25:34","slug":"2017-2nd-quarter-financial-results-class-railroads","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/","title":{"rendered":"2017 2nd quarter financial results for Class I railroads","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

CSX<\/h2>\n

\"\"Net Earnings:<\/strong> $510 million or $0.55 per share, up 15 percent from $445 million or $0.47 per share from 2016’s second quarter earnings results
\nRevenue:<\/strong> Increased 8 percent to $2,933 million
\nOperating Income:<\/strong> $958 million, up 14 percent
\nOperating Ratio:<\/strong> 67.4 percent, down from 68.9 percent
\nClick\u00a0here<\/a>\u00a0to read CSX’s full earnings report.
\n <\/p>\n

KCS<\/h2>\n

Net Earnings:<\/strong> $135 million or $1.27 per diluted share, up from 2016 second quarter’s reported $121 million or $1.11 per diluted share\"\"
\nRevenue:<\/strong> Record second quarter revenues of $656 million, a 15 percent increase from the second quarter of 2016
\nOperating Income:<\/strong> All-time record of $239 million, an increase of 9 percent from the second quarter of 2016
\nOperating Ratio:<\/strong> 63.5 percent, a 2.2 increase from second quarter 2016
\n
Click\u00a0here<\/a>\u00a0to read KCS’s full earnings report.
\n <\/p>\n

CP<\/h2>\n

Net Earnings:<\/strong> Rose 46 percent to C$480 million or C$3.27 per diluted share (a second \"\"quarter record)
\nRevenue:<\/strong> C$1.64 billion, up 13 percent
\nOperating Income:<\/strong> A second-quarter record of C$679 million, up 23 percent
\nOperating Ratio:<\/strong> Improved 330 basis points to a second quarter record of 58.7 percent
\n
Click\u00a0here<\/a>\u00a0to read CP’s full earnings report.
\n <\/p>\n

UP<\/h2>\n

Net Earnings:<\/strong> $1.2 billion or $1.45 per diluted share (a second quarter record), as \"\"compared to the $1.0 billion or $1.17 per diluted share reported for the second quarter of 2016
\nRevenue:<\/strong> Up 10 percent to $5.3 billion
\nOperating Income:<\/strong> Up 21 percent to $2.0 billion
\nOperating Ratio:<\/strong> A second quarter record of 61.8 percent, a 3.4 point improvement compared to the second quarter 2016
\n
Click\u00a0here<\/a>\u00a0to read UP’s full earnings report.
\n <\/p>\n

CN
\n\"\"<\/strong><\/h2>\n

Net Earnings:<\/strong> Increased 20 percent to C$1,031 million and diluted earnings per share increased 24 percent to C$1.36
\nRevenue:<\/strong> Increased 17 percent to a quarterly record of C$3,329 million
\nOperating Income:<\/strong> Increased 16 percent to C$1,495 million
\nOperating Ratio:<\/strong> Increased 0.6 points to 55.1 percent
\n
Click\u00a0here<\/a>\u00a0to read CN’s full earnings report.
\n <\/p>\n

NS<\/h2>\n

\"\"<\/strong>
\nNet Earnings:<\/strong> Up 23 percent to $497 million while diluted earnings per share increased 26 percent to $1.71
\nRevenue:<\/strong> Increased 7 percent to $2.6 billion
\nOperating Income:<\/strong> Up 15 percent year-over-year to $888 million
\nOperating Ratio:<\/strong> An all-time record at 66.3 percent
\n
Click\u00a0here<\/a>\u00a0to read NS’s full earnings report.
\n <\/p>\n


\n

Note:<\/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":"

CSX Net Earnings: $510 million or $0.55 per share, up 15 percent from $445 million or $0.47 per share from 2016’s second quarter earnings results Revenue: Increased 8 percent to $2,933 million Operating Income: $958 million, up 14 percent Operating Ratio: 67.4 percent, down from 68.9 percent Click\u00a0here\u00a0to read CSX’s full earnings report.   KCS […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":6,"featured_media":26553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[9,18,1],"tags":[3830,1977,786,939,88,89,92,1979,3831,93],"member_types":[],"acf":[],"yoast_head":"\n2017 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\/2017-2nd-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=\"2017 2nd quarter financial results for Class I railroads - SMART Union\" \/>\n<meta property=\"og:description\" content=\"CSX Net Earnings: $510 million or $0.55 per share, up 15 percent from $445 million or $0.47 per share from 2016’s second quarter earnings results Revenue: Increased 8 percent to $2,933 million Operating Income: $958 million, up 14 percent Operating Ratio: 67.4 percent, down from 68.9 percent Click\u00a0here\u00a0to read CSX’s full earnings report.   KCS […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/\" \/>\n<meta property=\"og:site_name\" content=\"SMART Union\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-24T19:25:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2016\/04\/financial-reports-for-web.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"279\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\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\/2017-2nd-quarter-financial-results-class-railroads\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/\"},\"author\":{\"name\":\"amyr\",\"@id\":\"https:\/\/www.smart-union.org\/#\/schema\/person\/32d7996d81f2ddbf2099238b9315f71d\"},\"headline\":\"2017 2nd quarter financial results for Class I railroads\",\"datePublished\":\"2017-07-24T19:25:34+00:00\",\"dateModified\":\"2017-07-24T19:25:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/\"},\"wordCount\":365,\"publisher\":{\"@id\":\"https:\/\/www.smart-union.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2016\/04\/financial-reports-for-web.jpg\",\"keywords\":[\"2017 2nd quarter earnings\",\"2nd Quarter earnings\",\"CN\",\"CP\",\"CSX\",\"KCS\",\"NS\",\"Quarterly Earnings\",\"quarterly records set\",\"UP\"],\"articleSection\":[\"News\",\"Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/\",\"url\":\"https:\/\/www.smart-union.org\/2017-2nd-quarter-financial-results-class-railroads\/\",\"name\":\"2017 2nd quarter financial results for Class I railroads - 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