Despite lower volumes in BNSF’s consumer, agricultural, industrial and coal segments, the railroad’s freight revenue rose to nearly $6.3 billion on higher revenues per carload.
Improvements in rail service and “unparking” locomotives are market signals that could bode well for Wabtec in the back half of this year.
Shippers want to move more goods via rail, and they will do so once rail service improves. This will ultimately benefit lessors like Trinity Industries, CEO Jean Savage told investors on a recent earnings call.
Canadian Pacific executives on the company’s second-quarter 2022 earnings call discussed precision scheduled railroading, synergies with Kansas City Southern and intermodal strength in the second half of the year.
Converting two flat switching yards back to hump yards and adjusting train schedules are broader initiatives that aim to serve customers better, Norfolk Southern executives said during the company’s second-quarter 2022 earnings call Wednesday.
Anticipated strength in domestic intermodal and higher grain volumes will support CN in the back half of this year, company executives said during the Canadian railway’s second-quarter 2022 earnings call.
Pent-up demand for railcars will support GATX even as rail service clears up.
Union Pacific executives said it wasn’t precision scheduled railroading but running the network too tightly that brought on the service issues.
An unanticipated high attrition rate among new hires has affected the pace of CSX’s planned operational recovery, according to executives on the railroad’s second-quarter earnings call.
The Western European and North American railcar markets could benefit from shifting global markets due to the invasion of Ukraine, executives said during Greenbrier’s second fiscal quarter earnings call.
