BNSF earnings gain on lower costs
BNSF saw earnings improve in the second quarter and first half of this year as lower costs outweighed weaker revenue per car.
BNSF saw earnings improve in the second quarter and first half of this year as lower costs outweighed weaker revenue per car.
Intermodal, coal, and grain helped Canadian Pacific Kansas City to improved profits in the second quarter.
Norfolk Southern, which announced an historic merger with Union Pacific, said earnings rose 5% in Q2 as volume grew by 3%.
Union Pacific saw record results in the fourth quarter as coal shipments led gains across business segments.
Union Pacific reported higher profits on improved freight volumes and a one-time tax gain.
Profits at CSX fell in the second quarter as weaker merchandise traffic outweighed improvement in intermodal volumes.
CSX said weaker coal, merchandise traffic hit second quarter profit despite higher pricing and intermodal volume.
Tariff and trade uncertainty led CN to cut its outlook for the full year even as lower costs helped improve income amid declining revenues.
Canadian rail carrier CN said cost controls helped boost operating income as tariff and other economic factors muted revenues.
FedEx said its newly streamlined air cargo network helped it adjust to tariff-induced demand fluctuations and make a profit during its latest quarter.
The postal workers union is disparaging what Canada Post called an enhanced offer on Wednesday as the sides struggle to finalize a labor agreement after nearly 18 months of negotiations.
Tough times at Werner have led the company to temporarily suspend the 401(k) match for employees.
Zim Integrated Shipping Services Ltd. said better volumes and freight rates boosted profit in the first quarter.
Rebuilding after hurricane damage and rerouting around a Baltimore tunnel project cost CSX a million dollars a day in lost revenue in the first quarter, a company executive told an investor conference.
Railcar builder FreightCar America said net income was $50.4 million on revenue of $96.3 million in the first quarter.
Volumes by carload at Grupo Mexico’s transportation division fell 6.1% in the first quarter, including declines of 21% in automotive traffic and 20% in minerals traffic.
Pricing gains and volume growth spurred BNSF Railway to modestly higher first-quarter profits.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
DHL Group is trimming some airline partners to reduce excess capacity in its air network as part of an effort to maintain growth in a turbulent market.
Canadian National saw 8% earnings growth and had an improved operating ratio in the first quarter.