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UP 2Q19: Record-low OR, despite volume, revenue declines

Union Pacific, in the midst of implementing Unified Plan 2020, its version of PSR (Precision Scheduled Railroading), posted a quarterly record-low operating ratio for this year’s second quarter, along with increases in net income, operating income and diluted earnings per share, compared to the prior-year quarter. These improvements came despite decreases in volume and revenue.

CSX “achieving record levels of efficiency”

CSX Corp. (CSX) today announced a 2Q19 earnings per share increase of 7% on net earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share, in the same period last year. In addition, CSX’s operating ratio set a company second-quarter record of 57.4%, improved from 58.6% the prior year.

NJT debuting Heritage Coaches

New Jersey Transit is marking its 40th anniversary this month, and among other activities is rolling out six MultiLevel “Heritage Coaches” decorated with the logos of several predecessor railroads that came together to form the agency’s 660-route-mile, statewide regional/commuter rail network—Pennsylvania Railroad, Central Railroad of New Jersey, Erie-Lackawanna, Conrail, Pennsylvania-Reading Seashore Lines—and the agency that created NJT in 1979, the New Jersey Department of Transportation.

CP 2Q19: “Growth across every line of business”

Canadian Pacific Railway (CP) announced it set record second-quarter revenues of C$1.98 billion, an increase of 13% from last year’s C$1.75 billion, and a second-quarter operating ratio record of 58.4%, a 580 basis point improvement over last year’s second-quarter operating ratio of 64.2%.