Editor’s Note: Allegations that railroads place too great an emphasis on lowering the operating ratio dominated the Surface Transportation Board’s two-day hearing April 26-27, “Urgent Issues in ...
CSX’s profits declined in the third quarter as intermodal growth could not offset an 11% decline in coal revenue. But the railroad’s key operating metrics all improved, even amid detours related to a ...
U.S. railroad traffic levels have been stagnant over the past 15 years because the Class I railroads were obsessed with profit margins while neglecting growth opportunities, CSX CEO Joe Hinrichs says.
Norfolk Southern (NS) on Oct. 22 reported third-quarter 2024 financial results that reflected an adjusted operating ratio of 63.4%, excluding the “impact of railway line sales, the Eastern Ohio ...
It is no secret that the transportation sector had a very tough time last year, thanks to the COVID-19 outbreak. Railroads, being one of the most important corners of this widely-diversified sector, ...
Operating Revenue of $270.3 million, Net Loss of $15.1 million, Basic Loss per Share of $0.19, Operating Ratio of 105.3% and 105.6% Non-GAAP Adjusted Operating Ratio(1), Total Assets of $1.5 billion, ...
TONTITOWN, Ark.--(BUSINESS WIRE)--P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) (“we” or the “Company”) today reported consolidated net income of $9.3 million, or diluted and basic earnings per ...
Can a sub-70% operating ratio be far behind? That's a question being asked after Old Dominion Freight Line Inc. ODFL posted Wednesday morning an operating ratio of 72.3% in its second quarter. The eye ...
Shares of Union Pacific Corp. slumped 3.2% in premarket trading Tuesday, after the railroad operator warned of a full-year margin miss, citing increased pressure from fuel prices and other cost ...