Railroad News

Norfolk Southern Railway yesterday announced plans to permanently protect 1,105 acres of wetlands along South Carolina’s coastal plain through a conservation easement.

The "ecologically significant land" is home to the Coldwater Branch Stream and Wetland Mitigation Bank at Brosnan Forest, NS' 14,400-acre timber and wildlife preserve northwest of Charleston, NS officials said in a press release.

CN yesterday announced "sound operating and financial performance" in first-quarter 2022, including CA$3.7 billion in revenue, up 5%, and adjusted diluted earnings per share (EPS) of CA$1.32, up 7%, compared with first-quarter results in 2021.

The Class I posted operating income of CA$1.2 billion, down 8%, and adjusted operating income of CA$1.2 billion, up 4%. Net income came in at CA$918 million, down from CA$976 million a year ago.

Norfolk Southern Corp. today reported first-quarter 2022 financial results that included first-quarter records for railway operating revenue, income from railway operations, net income and diluted earnings per share.

NS posted Q1 2022 operating revenue of $2.9 billion, up 10% compared with last year's results, driven by a 16% increase in revenue per unit.