first quarter 2020
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News
FreightCar America anticipates challenging headwinds
The manufacturer is still producing new railcars but expects market conditions to be rough for a while.
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Company earnings
GATX open to acquiring more railcars
The rail equipment lessor and manufacturer is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile…
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Company earnings
Wabtec anticipates volume recovery later this year
Multimillion-dollar backlog will help the rail equipment and locomotive manufacturer stay afloat, executives said.
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Company earnings
BNSF’s first-quarter net earnings slip on lower revenues and carload volumes
The COVID-19 pandemic dented volume growth in the first quarter for the privately owned railroad.
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Company earnings
Norfolk Southern anticipates some cost cuts as permanent
The cuts to train starts are part of the railroad’s wider objective to implement precision scheduled railroading.
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Company earnings
Locomotive costs dent Norfolk Southern’s first-quarter profits
Like other railroads, Norfolk Southern is feeling the effect of lower rail volumes because of the coronavirus pandemic.
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Company earnings
Canadian National anticipates a rough May
The effect that the coronavirus pandemic is having on rail volumes could get worse in the coming weeks before things get better, according to executives.
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Company earnings
Canadian National sees first-quarter profit grow
The railway managed to boost its first-quarter net income despite the February rail blockades and the COVID-19 pandemic.
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Company earnings
Unknowns cloud cost savings for Union Pacific
The western U.S. railroad can deploy additional cost reduction measures, but how much cost savings it can realize from those measures will depend on how…
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Company earnings
Union Pacific sees first-quarter net profit grow
Despite lower revenues, the western U.S. railroad saw its first-quarter net income increase as the company trimmed quarterly expenses by 10%.
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