fourth quarter 2020 Tagged Articles

Rail

Joanna MarshFriday, March 26, 2021

FreightCar America eyes improving opportunities in 2021

An anticipated increase in North American rail traffic, coupled with FreightCar America’s move of its manufacturing to Mexico, should provide support to the company in…

Rail

A composite image. The top image is a bar graph. The bottom image is a BNSF train crossing a bridge.

Joanna MarshMonday, March 1, 2021

BNSF’s fourth-quarter 2020 net profit up 5%

Lower fuel expenses helped privately held BNSF’s net income grow by 5% in the fourth quarter of 2020.

Rail

A photograph of a train locomotive crossing over a bridge.

Joanna MarshThursday, February 18, 2021

Wabtec sees a future producing battery electric locomotives

Prospective North American and international customers are inquiring about Wabtec’s battery electric, heavy-haul locomotive, which is undergoing advanced tests with BNSF. The company reported its…

Company earnings

A photograph of intermodal containers belonging to the Hub Group.

Joanna MarshThursday, February 4, 2021

Hub Group sees brisk intermodal demand in 2021

Retailers will want to pull forward inventory ahead of the 2021 peak season, the intermodal marketing company said. Fourth-quarter 2020 revenue grew by 6% although…

Rail

Joanna MarshThursday, January 28, 2021

GATX fourth-quarter net income totals nearly $18 million

Revenue gains and lower costs in the fourth quarter weren’t enough to offset losses from GATX’s passenger airline-affiliated joint venture with Rolls-Royce.

Rail

Joanna MarshThursday, January 28, 2021

CP: Land assets and partners provide growth opportunities

With its acquisition of an Atlantic short line railroad in place, Canadian Pacific said the next opportunities to expand its network lie in its land…

Rail

A photograph of a Norfolk Southern train traveling through the snow.

Joanna MarshWednesday, January 27, 2021

Norfolk Southern eyes longer, heavier trains as it pursues PSR

Norfolk Southern seeks to increase train lengths and weights as part of its next stage of precision scheduled railroading deployment, executives said during the company’s…

Rail

A photograph of a Canadian Pacific train traveling through a snowy field.

Joanna MarshWednesday, January 27, 2021

Canadian Pacific Q4 operating ratio hits record low

Canadian Pacific reported a fourth-quarter operating ratio of 53.9%, a record low. Fourth-quarter net profit was CA$802 million, up nearly 21% year-over-year.

Rail

A photograph of a CN train traveling through a field.

Joanna MarshWednesday, January 27, 2021

CN cautious about Q1 but bullish about 2H

CN expressed confidence that it has the network capacity available to handle more volumes in the second half of 2021. But pandemic uncertainties loom in…

Rail

A photograph of a Norfolk Southern train crossing a bridge.

Joanna MarshWednesday, January 27, 2021

Norfolk Southern’s fourth-quarter net income moves up 1%

Fourth-quarter net profit was $671 million. An 8% decrease in operating expenses helped to offset a 4% decline in operating revenues.