UP Sets Quarterly OR Record, On Declining Revenues—Again
Union Pacific (UP) today reported 4Q19 net income of $1.4 billion, or $2.02 per diluted share. This compares to $1.6 billion, or $2.12 per diluted share, in the 4Q18.
Intermodal
Khatami Named HAIC President
Kimia Khatami, Director of Customer Service for Pacific Harbor Line (PHL), has been named President of the Harbor Association of Industry & Commerce (HAIC), a commercial and industrial trade association representing the business community of Long Beach and Los Angeles harbors.
AAR, GoRail Honor Clyburn
The Association of American Railroads and GoRail have presented House of Representatives Majority Whip Rep. James E. Clyburn (D-S.C.) the Railroad Achievement Award “for his longstanding leadership on surface transportation issues, including matters that directly and indirectly affect both freight and passenger railroads in South Carolina and across the nation.” AAR President and CEO Ian Jefferies presented Rep. Clyburn with the award at the North Charleston Intermodal Transportation Center.
U.S. Rail Traffic Struggles, Mexico Thrives
It’s the same stuff, different year for U.S. rail traffic. Although our neighbors to the south are singing a different tune.
A New Decade of Post-PSR Service Planning Starts Now
2019 will be remembered as the year of Precision Scheduled Railroading (PSR) and for the great traffic drought in North American railroading. PSR has indeed helped deliver the eye-popping levels of operating ratios (OR) that rail executives could once only dream about, and many of the Class I’s set record ORs throughout the year.
Call for Entries: Railway Age 2020 Short Line and Regional Railroads of the Year
Railway Age is now accepting entries for its annual Short Line and Regional Railroads of the Year competition. Class II and III railroads are invited to submit entries describing outstanding achievement in one or a combination of areas.
JANUARY COVER STORY: Pat Ottensmeyer, Railroader of the Year
RAILWAY AGE, JANUARY 2020 ISSUE: The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain.
KCS: 2019 “Exceeded Expectations”
Implementation of its own version of PSR (Precision Scheduled Railroading) helped Kansas City Southern post solid financials for fourth-quarter and full-year 2019.
CSX 2019: 58.4% OR
CSX—the first U.S. Class I to report fourth-quarter and full-year financials—reached an all-time-low operating ratio of 58.4% for full-year 2019.
Rail Traffic Still Sliding: AAR
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended Jan. 11, 2020, and, for this week, total U.S. weekly rail traffic was 501,624 carloads and intermodal units, down 9.6% compared with the same week last year.