TRAIN

Union Pacific posts flat quarterly results despite volume growth

Union Pacific (NYSE: UNP) reported flat quarterly earnings Thursday as a decline in fuel surcharge revenue offset record freight revenue that flowed from industry-leading volume growth.

“We had a solid start to the year. … [W]e delivered record first-quarter operating performance,” CEO Jim Vena told investors and analysts on the railroad’s earnings call. “Further, we had the strongest carload growth of the Class I’s as we worked closely with our customers to meet their needs in an uncertain...

https://www.freightwaves.com/news/union-pacific-posts-flat-quarterly-results-despite-volume-growth

Cost savings boost Norfolk Southern profits despite impact of winter storms

Norfolk Southern posted higher profits in the first quarter despite flat revenue and the impact of harsh winter weather.

“There’s a lot to be pleased with this quarter,” CEO Mark George said, including delivering financial results in line with expectations despite a “vicious winter” that included 18 storms.

“Our network resiliency was evident again thanks to great planning and execution by our team,” George told investors and analysts on the railroad’s Wednesday morning earnings call.

Adjusted for...

https://www.freightwaves.com/news/cost-savings-boost-norfolk-southern-profits-despite-impact-of-winter-storms

Wabtec fires on all cylinders: Revenue, profit, order backlog grow

Wabtec (NYSE: WAB) reported higher quarterly revenue and earnings Wednesday thanks to growth in its freight and transit business segments.

“The Wabtec team has started the year strong, delivering over 20% in earnings per share growth and highlighting the continued business momentum across both the Freight and Transit segments,” CEO Rafael Santana said in a news release.

Operating income increased by 15%, to $474 million, as revenue grew 4.5% for the quarter, to $2.61 billion. Earnings per share...

https://www.freightwaves.com/news/wabtec-fires-on-all-cylinders-revenue-profit-order-backlog-grow

The tragic train accident that created an American folk hero

“Casey Jones, you better watch your speed.” The line from “Casey Jones” by the Grateful Dead might be iconic, but it’s more fun than factual.

Tuesday was railroad engineer Casey Jones’ would-be 159th birthday. His life was cut short at 37 in a railroad crash. The infamous accident eventually made him a folk hero, with numerous ballads written about him throughout history, including tunes by such greats as Johnny Cash.

John Luther Jones got the nickname Casey from his roots in Cayce, Kentucky,...

https://www.freightwaves.com/news/the-tragic-train-accident-that-created-an-american-folk-hero

Jiangsu Companies Enjoy Roaring Exports Thanks To Freight Trains

credits: Photo by Martin Sanchez on Unsplash

On the morning of Nov 16, a freight train loaded with home appliances made by Chinese companies departed from Wuxi of East China’s Jiangsu province to Moscow, Russia. Such China-Europe train trips have taken place at the Wuxi West Railway Station Logistics Park twice a month since August, reports Yahoo.

Local foreign trade

The products on board included washing machines and dryers produced by Wuxi’s well-known local foreign trade company LittleSwan. The...

https://mfame.guru/jiangsu-companies-enjoy-roaring-exports-thanks-to-freight-trains/

Hot Shots: Flying car, commemorative train, major floods and more

Montage of a Union Pacific train and alit up tractor-trailer, with the FreightWaves Hot Shots logo.

Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting trucking, transportation and weather. This week features the successful journey of a flying car prototype, a train painted to celebrate Juneteenth and inclusion, as well as massive floods that submerged trucks and washed out roads.

Detroit downpours

It rained cats and dogs across Michigan last weekend, with several inches recorded in many locations Saturday. Some parts of the Detroit metropolitan area...

https://www.freightwaves.com/news/hot-shots-flying-car-commemorative-train-major-floods-and-more

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