Railroad News

Canadian Pacific and Hapag-Lloyd AG today announced an additional call into Port Saint John, New Brunswick, via a seasonal extra loader in another step for the growing Atlantic Canada port.

The additional call follows the companies' inaugural service call into Port Saint John in May 2021, connecting via CP rail service to inland markets in Canada and the United States.

CSX yesterday announced first-quarter 2022 net earnings of $859 million, or 39 cents per share, compared to $706 million, or 31 cents per share, in the same period last year.

First-quarter operating income totaled $1.28 billion compared to $1.1 billion in the prior year. Revenue rose 21% to $3.41 billion, as an overall revenue-per-unit increase of 24% more than offset a 2% decline in volume, CSX officials said in a press release.

Union Pacific Railroad today reported revenue growth drove first-quarter records for operating revenue, operating income, net income and earnings per share.

The Class I posted first-quarter 2022 net income of $1.6 billion, or $2.57 per diluted share, compared with net income of $1.3 billion, or $2 per diluted share, in the same quarter a year ago.