%%subject%%
Industry News
 

Domestic News
 

CSX Announces Third Quarter 2019 Financial Results

CSX Corporation (CSX) today announced third quarter 2019 net earnings of $856 million, or $1.08 per share, versus $894 million, or $1.05 per share in the same period last year (an earnings per share increase of 3 percent). CSX’s operating ratio set a new company record of 56.8 percent, improved from 58.7 percent in the prior year.
 

Slower Freight-Rail Volume hit UP's Bottom Line in Q3

Union Pacific Railroad's third-quarter 2019 earnings were weaker than expected by Wall Street analysts, as freight-rail volumes continued to decline in a slower economy.
 

Norfolk Southern Reports Environmental, Economic Growth

During 2018, Norfolk Southern Corp. decreased its greenhouse gas emissions by 2.6 percent year over year and achieved an all-time best operating ratio of 65 percent, according to the Class I's 12th annual Corporate Social Responsibility report.
 

J.B. Hunt 3Q19: PSR Helped—A Little

JBHT’s 3Q19 $1.239 billion intermodal revenue and 89.3% intermodal operating ratio missed Cowen’s expectations of $1.243 billion and 88.2% and Wall Street consensus estimates of $1.240 billion and 89.0%, respectively. 
 

North America to Spend $27bn on Refining Projects

The Timken Company, a world leader in engineered bearings and power transmission products,today reported first-quarter 2019 sales of $979.7 million, up 10.9 percent from the same period a year ago.
 

International News
 

European Partnership Aims to Promote Female Employment

Women currently account for 20% of the railway workforce, significantly below the economy-wide participation rate of 46%. In some professions, this figure is even lower.
 

Systems and Integration Contract Awarded for Stage Two of the UAE’s National Railway Network

Etihad Rail, the developer and operator of the UAE’s national railway, approved the award during a board meeting chaired by His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of Etihad Rail.
 

Indian Railways to Tender Construction of new Freight Lines

According to the tender documents currently under preparation, the contracts will cover construction of the 260km Sonnagar – Gomoh line and the 291km Gomoh – Dankuni line within five years from the contract being awarded. IR will guarantee a 14% return on investments for 15 years, a senior DFCCL official said.
 

Upcoming Industry Events with GBX Attendance
Upcoming Events Eurasia 2019

CARS NTL. Railway Day

MARS Winter Meeting

Middle East Rail
Edmonton, Canada
Nov. 5-7th
Lombard, IL
Jan. 15-16th
Dubai, UAE
Feb. 25-26th

www.gbrx.com

Facebook Twitter LinkedIn Youtube Blog

The Greenbrier Companies
One Centerpointe Drive
Suite 200
Lake Oswego, OR 97035


Update Subscription Preferences

Copyright © %%current_year_YYYY%%. All rights reserved.