Financial Archives - Page 232 of 388 - International Railway Journal

Financial

April 30, 2020 | Financial

Precision Scheduled Railroading allows NS to cut locomotive fleet

US Class 1 railway Norfolk Southern (NS) says the successful introduction of Precision Scheduled Railroading (PSR) is allowing it to dispose of 703 excess locomotives.

April 29, 2020 | Financial

CN increases operating income despite blockades and Covid-19

CANADIAN National Railway (CN) achieved a 13% increase in operating income to $C 1.22bn ($US 875.5m) for the first quarter of 2020 despite blockades of its network and the impact of coronavirus.

April 28, 2020 | Financial

Revised tendering plan confirmed for northeast Germany

THE northeast German state of Mecklenburg-Vorpommern has announced changes to upcoming tenders for concessions to operate the Baltic Coast regional network.

April 27, 2020 | Financial

Germany approves CRRC’s Vossloh Locomotive acquisition

GERMANY’s Federal Cartel Office has approved CRRC Zhuzhou Locomotive’s acquisition of Vossloh Locomotives saying its concerns do not justify rejecting the merger.

April 27, 2020 | Financial

UP reports record first quarter operating ratio

UNION Pacific (UP) achieved an all-time best operating ratio of 59% for the first quarter of 2020, and an increase in net income from $US 1.4bn in 2018 to $US 1.5bn.

April 24, 2020 | Financial

Keolis reports 11% revenue jump

KEOLIS recorded a 10.9% increase in revenue last year, up from €5.93m in 2018 to €6.58bn in 2019.

April 24, 2020 | Financial

Czech Railways reportedly in talks over Leo Express acquisition

CZECH Railways (ČD) is reportedly in talks regarding a potential takeover of private open-access passenger operator and market rival Leo Express.

April 24, 2020 | Financial

CSX sets new operating ratio record in first quarter

CSX set a Class 1 railway first-quarter operating ratio record of 58.7%, improving 80 basis points from its 59.5% operating ratio in the first quarter of 2019.

April 23, 2020 | Financial

CP sets first quarter operating ratio and revenue records

CANADIAN Pacific Railway (CP) set records for operating ratio and revenue in the first quarter of 2020, and will continue to invest in anticipation of an economic recovery, rather than increase its shareholder dividend and buy back shares - a strategy at least one Wall Street analyst is calling “noteworthy, prudent and logical.”

April 22, 2020 | Financial

California awards $US 500m for rail and transit projects

CALIFORNIA State Transportation Agency (CalSta) awarded $US 500m to 17 recipients in Transit and Intercity Rail Capital Program (TIRCP) grants for transit and railway projects on April 21.

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