fourth quarter 2020
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Rail
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.
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Rail
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…
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Rail
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.
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Rail
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…
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Rail
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…
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Rail
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.
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Rail
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…
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Rail
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.
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Rail
CN’s fourth-quarter net income grows 14%
CN’s fourth-quarter net income was C$1.02 billion amid a 2% increase in revenue and a 5% decrease in operating expenses.
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Rail
Kansas City Southern eyes lower operating ratio
KCS plans to deploy the third phase of its precision scheduled railroading program this year as it eyes an operating ratio goal in the mid-50s…
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