first quarter 2020

The manufacturer is still producing new railcars but expects market conditions to be rough for a while.

The railcar lessor is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile crude oil market.

Multimillion-dollar backlog will help the rail equipment and locomotive manufacturer stay afloat, executives said.

The COVID-19 pandemic dented volume growth in the first quarter for the privately owned railroad.

The cuts to train starts are part of the railroad’s wider objective to implement precision scheduled railroading.

Like other railroads, Norfolk Southern is feeling the effect of lower rail volumes because of the coronavirus pandemic.

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.

The railway managed to boost its first-quarter net income despite the February rail blockades and the COVID-19 pandemic.

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 much rail volumes fall in the second quarter.

Despite lower revenues, the western U.S. railroad saw its first-quarter net income increase as the company trimmed quarterly expenses by 10%.

o hedge against rail volume uncertainty in the second quarter, CSX aims to control costs.

CSX’s (NASDAQ: CSX) first-quarter net profit fell 7.7% amid lower revenues and a record operating ratio. First-quarter 2020 net income was $770 million, or $1 a share, compared with $834 […]

Precision scheduled railroading and its workforce will help CP get through anticipated challenges in the second quarter, company executives said.

The railway’s first-quarter net income slipped on higher income tax expenses. But total revenue rose nearly 16% in the first quarter of 2020 while operating expenses were roughly flat-to-higher.

The railroad will be keeping tabs on operational costs as a way to hedge against the economic uncertainty brought about by the COVID-19 pandemic.

Cross-border movements of chemicals and petroleum products, as well as intermodal shipments, helped propel revenue higher.

In terms of financial results for the Class I railroads in 2020, it could get worse before it gets better, according to several Wall Street analysts.

The Eastern U.S. railroad joins CSX and Union Pacific in warning the Securities and Exchange Commission that it could see potential operational and financial impacts because of the COVID-19 pandemic.

The railroads say the coronavirus pandemic could influence their financial results in 2020, but how deep that impact will be will depend on how long the pandemic lasts.