KCS notches records for 4Q, full year
Kansas City Southern said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million, up 11% from $135 million a year ago. KCS’s operating ratio for the quarter was 71.6%, compared with 71.8% in the fourth quarter of 1010. For the full year 2011, revenue was a record $2.1 billion, up 16% over 2010.
CSX Earnings Report
CSX sets 4Q, full year records; names COO, CFO
CSX Corp. said fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of about $3.0 billion and operating income of $841 million. CSX also notched an operating ratio of 71.5%.
CSX also says it has appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer.
CN Earnings Report
CN quarterly earnings beat Street
Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted earnings of C$1.30 handily surpassed Wall Street consensus estimates of C$1.24. Revenue rose 12% C$2.38 billion, a record, that also surpassed Street estimates of C$2.30 billion. CN noted that its operating ratio for the quarter was 64.7%, up 1.3 points from the fourth quarter of 2010.
NS Earnings Report
Norfolk Southern earnings, revenue records topple
Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net income was $1.9 billion, up 28%; and diluted earnings per share increased 36% to $5.45.
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