{"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":"
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 Net Earnings:<\/strong> Rose 46 percent to C$480 million or C$3.27 per diluted share (a second Net Earnings:<\/strong> $1.2 billion or $1.45 per diluted share (a second quarter record), as Net Earnings:<\/strong> Increased 20 percent to C$1,031 million and diluted earnings per share increased 24 percent to C$1.36 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":"\nNet 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>\nKCS<\/h2>\n
\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
\nClick\u00a0here<\/a>\u00a0to read KCS’s full earnings report.
\n <\/p>\nCP<\/h2>\n
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
\nClick\u00a0here<\/a>\u00a0to read CP’s full earnings report.
\n <\/p>\nUP<\/h2>\n
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
\nClick\u00a0here<\/a>\u00a0to read UP’s full earnings report.
\n <\/p>\nCN
\n<\/strong><\/h2>\n
\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
\nClick\u00a0here<\/a>\u00a0to read CN’s full earnings report.
\n <\/p>\nNS<\/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
\nClick\u00a0here<\/a>\u00a0to read NS’s full earnings report.
\n <\/p>\n
\n