Railroad News

Norfolk Southern Corp. today reported first-quarter 2021 net income rose to $673 million, or $2.66 earnings per diluted share, compared with $381 million, or $1.47 per diluted share, for the year-earlier period.

Railway operating revenue of $2.6 billion increased 1%, or $14 million, compared with Q1 2020, driven primarily by a 3% increase in volume, NS officials said in a press release.

CN yesterday reported first-quarter 2021 net income fell 3.7% to CA$974 million, or $1.37 per diluted share, from CA$1.01 billion, or $1.42 per diluted share, in the same period a year ago.

The Class I’s total revenue of CA$3.5 billion for the quarter was "in line" with Q1 2020, CN officials said in a press release. Operating income rose 9% to CA$1.3 billion, but adjusted operating income of CA$1.2 billion was down 2%.