2017 2nd quarter financial results for Class I railroads
CSX
Net Earnings: $510 million or $0.55 per share, up 15 percent from $445 million or $0.47 per share from 2016’s second quarter earnings results
Revenue: Increased 8 percent to $2,933 million
Operating Income: $958 million, up 14 percent
Operating Ratio: 67.4 percent, down from 68.9 percent
Click here to read CSX’s full earnings report.
KCS
Net Earnings: $135 million or $1.27 per diluted share, up from 2016 second quarter’s reported $121 million or $1.11 per diluted share
Revenue: Record second quarter revenues of $656 million, a 15 percent increase from the second quarter of 2016
Operating Income: All-time record of $239 million, an increase of 9 percent from the second quarter of 2016
Operating Ratio: 63.5 percent, a 2.2 increase from second quarter 2016
Click here to read KCS’s full earnings report.
CP
Net Earnings: Rose 46 percent to C$480 million or C$3.27 per diluted share (a second 
quarter record)
Revenue: C$1.64 billion, up 13 percent
Operating Income: A second-quarter record of C$679 million, up 23 percent
Operating Ratio: Improved 330 basis points to a second quarter record of 58.7 percent
Click here to read CP’s full earnings report.
UP
Net Earnings: $1.2 billion or $1.45 per diluted share (a second quarter record), as 
compared to the $1.0 billion or $1.17 per diluted share reported for the second quarter of 2016
Revenue: Up 10 percent to $5.3 billion
Operating Income: Up 21 percent to $2.0 billion
Operating Ratio: A second quarter record of 61.8 percent, a 3.4 point improvement compared to the second quarter 2016
Click here to read UP’s full earnings report.
CN
(to be released July 25 after 4 p.m. et)
Net Earnings:
Revenue:
Operating Income:
Operating Ratio:
Click here to read CSX’s full earnings report.
NS
(to be released July 26)
Net Earnings:
Revenue:
Operating Income:
Operating Ratio:
Click here to read CSX’s full earnings report.
Note: Operating ratio is a railroad’s operating expenses expressed as a percentage of operating revenue, and is considered by economists to be the basic measure of carrier profitability. The lower the operating ratio, the more efficient the railroad.