{"id":51877,"date":"2020-05-05T15:55:55","date_gmt":"2020-05-05T19:55:55","guid":{"rendered":"https:\/\/www.smart-union.org\/?p=51877"},"modified":"2020-05-05T15:55:55","modified_gmt":"2020-05-05T19:55:55","slug":"class-i-carriers-report-2020-first-quarter-earnings","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/class-i-carriers-report-2020-first-quarter-earnings\/","title":{"rendered":"Class I carriers report 2020 first quarter earnings","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

\"\"
\nNet Earnings: <\/strong>Decreased 5% to $1.19 billion.
\nRevenue: <\/strong>Decreased 6% to $5.4 billion.
\nOperating Income: <\/strong>Increased 2% to $1.8 billion.
\nOperating Expenses:<\/strong>Decreased 6.7% to $3.6 billion.
\nOperating Ratio: <\/strong>Improved by 4 points to 65.2%.
\nLink\u00a0to read BNSF’s full earnings report.<\/a>
\n 
\n\"\"
\nNet Earnings: <\/strong>Increased to C$1.01 billion from C$786 million.
\nEarnings Per Share:<\/strong> Diluted earnings per share increased 31% to C$1.42 from C$1.08 and adjusted diluted EPS increased by 4% to C$1.22.
\nRevenue: <\/strong>Remained flat at C$3.5 billion.
\nOperating Income: <\/strong>Increased to C$1.215 million from C$1.08 billion.
\nOperating Expenses:<\/strong> Decreased 5% to C$2.33 billion from C$2.46 billion.
\nOperating Ratio: <\/strong>Improved by 3.8 points to 65.7%; Adjusted operating ratio improved 1.5 points to 65.7% from 67.2%.
\nLink to read CN’s full earnings report.<\/a>
\n 
\n\"\"<\/strong>
\nNet Earnings: <\/strong>Decreased to C$409 million from C$434 million.
\nEarnings Per Share:<\/strong> Diluted earnings per share decreased 4% to $2.98; adjusted diluted earnings per share increased 58% to $4.42.
\nRevenue: <\/strong>Increased 16% to C$2.04 billion from C$1.77 billion.
\nOperating Income: <\/strong>Increased 54% to C$834 million from C$534 million.
\nOperating Expenses:<\/strong> Decreased to C$1.209 billion from C$1.224 billion.
\nOperating Ratio: <\/strong>Improved 1,010 basis points to 59.2%.
\nLink\u00a0to read CP’s full earnings report.<\/a>
\n 
\n\"\"
\nNet Earnings: <\/strong>Decreased 8% to $770 million from $834 million.
\nEarnings Per Share:<\/strong> Decreased 2% to $1.00.
\nRevenue: <\/strong>Decreased 5% to $2.85 billion from $3.01 billion.
\nOperating Income: <\/strong>Decreased 3% to $1.17 billion from $1.22 billion.
\nOperating Expenses:<\/strong> Decreased 7% to $1.68 billion.
\nOperating Ratio: <\/strong>Improved to a first quarter record of 58.7% from 59.5%
\nLink\u00a0to read CSX’s full earnings report.<\/a>
\n 
\n\"\"
\nNet Earnings:<\/strong> Increased to $151.7 million from $102.7 million.
\nEarnings Per Share:<\/strong> Increased to $1.58 per diluted share from $1.02.
\nRevenue: <\/strong>Increased 8% to a record $731.7 million from $674.8 million
\nOperating Income: <\/strong>Increased to $288.8 million from $160.3 million.
\nOperating Expenses:<\/strong> Decreased to $442.9 million from $514.5 million
\nOperating Ratio: <\/strong>Improved 15.7 points to 60.5% from 76.2%; adjusted operating ratio improved 6.5 points to 59.7% from 66.2%
\nLink\u00a0to read KCS’s full earnings report.<\/a>
\n 
\n\"\"
\nNet Earnings: <\/strong>Decreased 44% to $381 million from $677 million.
\nEarnings Per Share: <\/strong>Diluted earnings per share decreased to $1.47 from $2.51.
\nRevenue: <\/strong>Decreased to $2.63 billion from $2.8 billion.
\nOperating Income: <\/strong>Decreased to $568 million from $966 million.
\nOperating Expenses:<\/strong> Increased to $2.06 billion from $1.87 billion.
\nOperating Ratio: <\/strong>Declined to 78.4% from 66.0%.
\nLink\u00a0to read NS’s full earnings report.<\/a>
\n 
\n\"\"
\nNet Earnings: <\/strong>Increased to $1.5 billion from $1.4 billion.
\nEarnings Per Share:<\/strong> Increased to $2.15 per diluted share from $1.93 per diluted share
\nRevenue: <\/strong>Decreased 3% to $5.2 billion from $5.4 billion
\nOperating Income: <\/strong>Increased 9% to $2.14 billion from $1.96 billion
\nOperating Expenses:<\/strong> Decreased 10% to $3.09 billion from $3.4 billion
\nOperating Ratio: <\/strong>Improved 4.6 points to 59.0% from 63.6%
\nLink\u00a0to read UP’s full earnings report.<\/a>
\n <\/p>\n

\n

Notes:\u00a0<\/strong><\/p>\n

    \n
  • 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.<\/li>\n
  • All comparisons are made to 2019\u2019s first-quarter results for each railroad.<\/li>\n
  • All figures for CN & CP are in Canadian currency, except for earnings per share for CP<\/li>\n<\/ul>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

    Net Earnings: Decreased 5% to $1.19 billion. Revenue: Decreased 6% to $5.4 billion. Operating Income: Increased 2% to $1.8 billion. Operating Expenses:Decreased 6.7% to $3.6 billion. Operating Ratio: Improved by 4 points to 65.2%. Link\u00a0to read BNSF’s full earnings report.   Net Earnings: Increased to C$1.01 billion from C$786 million. Earnings Per Share: Diluted earnings […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":7,"featured_media":32228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[9,18],"tags":[4545,87,786,939,88,4015,89,92,93],"member_types":[],"acf":[],"yoast_head":"\nClass I carriers report 2020 first quarter earnings - 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\/class-i-carriers-report-2020-first-quarter-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class I carriers report 2020 first quarter earnings - SMART Union\" \/>\n<meta property=\"og:description\" content=\"Net Earnings: Decreased 5% to $1.19 billion. 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