Norfolk Southern profits rise on higher volume and revenue
Norfolk Southern posted record revenue in Q3 on higher volumes and rates, and substantial fuel surcharge
Norfolk Southern posted record revenue in Q3 on higher volumes and rates, and substantial fuel surcharge
Union Pacific posted record revenue and profits in the third quarter, as volume and pricing gains offset rising fuel prices and inflation.
Union Pacific’s third-quarter profit rose 16% as higher freight volumes and pricing gains boosted revenue.
Norfolk Southern’s third-quarter earnings rose as higher freight volume and fuel surcharges drove record revenue.
Intermodal and commodity traffic helped U.S. freight railroads to strong volume gains in the latest week data.
Increased freight boosted CSX Q3 profits, along with higher fuel surcharge revenue and more efficient operations.
Intermodal volumes continued to set a strong pace in the latest U.S. rail traffic data.
J.B. Hunt Transport Services’ third quarter displayed growth pains and other cost pressures, but management said this was likely a speed bump on the road to recovery.
SONAR Rate Intelligence now includes intermodal contract and spot rates, ramp data and Conversion Savings to compare truckload vs. intermodal costs.
Metals, petroleum, and forest products helped U.S. railroads to more weekly freight gains, alongside notable intermodal improvement.
Hub Group announced it has reshaped its board as it works to regain compliance with Nasdaq’s listing requirements.
Commodity tonnage and intermodal goods kept traffic on U.S. railroads surging in the latest week’s data.
Freight on U.S. railroads stayed comfortably ahead of year-ago levels in the latest weekly AAR data.
Parallel Systems has begun an expanded, second test phase of autonomous, battery-electric container railcars.
As expected, Hub Group has received an official delisting notification from Nasdaq after missing a financial reporting deadline.
Freight on U.S. railroads saw a rare down week but still maintained a healthy lead ahead of 2025 volumes.
Norfolk Southern says intermodal’s next growth phase will depend on making rail as simple, predictable and accountable as trucking through stronger terminal performance and a coast-to-coast merger.
J.B. Hunt Transport Services warned late Tuesday that third-quarter earnings could fall 5% to 10% sequentially due to surging fuel and driver-related costs.
Hub Group expects a Nasdaq delisting notice after missing a financial reporting deadline due to an accounting error, but plans to request a hearing to maintain its stock listing.
BNSF, CPKC and CSX want broad operating rights over a merged UP-NS network.