Railroad News

Union Pacific Corp. today reported third-quarter 2021 net income of $1.7 billion, or $2.57 per diluted share, compared with $1.4 billion, or $2.01 per diluted share, in the third quarter 2020.

Operating revenue for the quarter rose 13% to $5.6 billion, while operating income climbed 20% to $2.4 billon compared with the same period a year ago.

Canadian Pacific today reported third-quarter 2021 revenue rose 4% to CA$1.94 billion and net income fell 21% to CA$472 million compared with the same period a year ago.

The company posted diluted earnings per share (EPS) of 70 cents, down 20%, and adjusted diluted EPS of 88 cents, up 7%.

CN yesterday announced Jean-Jacques "JJ" Ruest will retire as president and CEO and as a board member at the end of January 2022 or a later time when a successor is appointed.

Ruest has been with CN for over 25 years and served as CEO since 2018.

Union Pacific Railroad recently shipped the military vehicle that pulled down the statue of Saddam Hussein during the 2003 invasion of Iraq, according to an article posted on the Class I's Inside Track website.

UP subsidiary Loup Logistics provided a first and final mile transportation solution for the 140,000-pound M88A2 Hercules.