Third quarter earnings

High utilization rates show a demand for rail cars, executives for FreightCar America said during a third-quarter 2022 earnings call Tuesday.

Higher revenues in Q3 weren’t enough to offset a 30% increase in operational expenses for western U.S. rail carrier BNSF.

Canadian Pacific is working to ensure that merging operations with Kansas City Southern goes smoothly, officials said during the railway’s third-quarter 2022 earnings call.

Faster train speeds and shorter dwell times will open up network capacity for NS, officials said during the company’s third-quarter 2022 earnings call.

CN expressed confidence it can handle any market downturns, pointing to areas such as grain and coal where demand strips away any potential macroeconomic softness, officials said during the railway’s third-quarter 2022 earnings call.

Rallying employees to serve customers better will ultimately help CSX gain more business, the new president and CEO said during the company’s third-quarter earnings call Thursday.

UP is keeping a “growth mindset” as it looks to 2023 despite economic headwinds and an unresolved labor situation.

Labor negotiations and rail service issues dominated an otherwise quiet third quarter.

Customers are eager to move products via rail once network congestion subsides, executives said during Greenbrier’s quarterly earnings call on Monday.

Although customers may have pulled back from ordering in the third quarter, that pullback is temporary and customers will still need new railcars eventually, FreightCar America executives said during Monday’s third-quarter earnings call.

Growing headcount and relieving supply chain congestion dominated Class I railroads’ third-quarter 2021 earnings commentaries — and these issues look poised to persist in Q4 and into 2022.

BNSF’s third-quarter net income rose 14%, to $1.5 billion, despite supply chain disruptions.

Underneath the supply chain disruptions and the chip shortage are customers that need Wabtec’s components to improve their rail operations, executives said during the third-quarter earnings call.

Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.

Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still weigh on the market, Trinity Industries and GATX said during their third-quarter 2021 earnings calls.

Like its Class I peers, Norfolk Southern encountered supply chain disruptions brought on by a lack of workers in dray and warehousing.

Union Pacific could’ve handled more intermodal volume in the third quarter were it not for longer chassis dwell times and a shortage of dray drivers, executives said during the company’s earnings call.

CSX has been aggressively pursuing new employees in order to meet network capacity needs, executives said during the company’s third-quarter earnings call.

The railway is working with customers and steamship lines to find opportunities to divert traffic from Los Angeles and Long Beach, executives said during CP’s third-quarter 2021 earnings call.

In a quarterly earnings call, outgoing CEO JJ Ruest insists CN’s board of directors will conduct an extensive search for his successor. An activist investor is seeking to install its own CEO choice.

The railroad won’t give new guidance because of uncertainties surrounding chip shortages and events in Mexico creating limited visibility.

Railcar manufacturer Greenbrier sees near-term support for new railcars, as well as longer-term support as companies focus on decarbonizing their operations.

In today’s edition of The Daily Dash, we take a look at third-quarter earnings with an analyst from KeyBanc. Plus, Hyliion is not recording revenue for its early products and Wall Street is OK with that, and carriers are dominating retail peak season.