July, 2010 - jstagl - Editors' Posts - MyProgressiveRailroading
    • 23 Jul 2010

    This and that from CN's, UP's 2Q earnings presentations

    I listened in on CN’s and UP’s second-quarter earnings conferences on July 22, and I thought I’d share a few tidbits that I found interesting. During CN’s presentation, President and CEO Claude (that’s “Clode” for those who don’t know) Mongeau dispelled concerns that velocity and fluidity might suffer as volume is added to the railroad, and stressed how the Class I instead...
    • 13 Jul 2010

    CSX in 2Q: Winds of reporting change and a few service headwinds

    CSX Corp.’s second-quarter earnings conference included the usual breakdowns of traffic volume, revenue generation and income. But the webcast and teleconference held the morning of July 13 also provided some atypical morsels of information. For starters, CFO Oscar Munoz said that beginning with the second quarter, intermodal no longer will be treated as a separate business segment. The change is a result of a strategic...