For the six months of 2018 ended June 30, 2018:
CSX had $5.978 billion in revenue and dropped $1.572 billion or 26.3% of revenue to the bottom line as net income.
UP had $11.174 billion in revenue and dropped $2.819 billion or 25.5% of revenue to the bottom line as net income.
CP had $3.334 billion in revenue and dropped $784 million or 23.5% of revenue to the bottom line as net income.
KCS had $1.321 billion in revenue and dropped $294 million or 22.3% of revenue to the bottom line as net income.
CN, NS and BNSF are yet to report as of 07/20/18.
I used to have a sizable position in a mutual fund called Baron Asset, run by Ron Baron. He made a point of getting stocks for the long haul without worrying about short term results. It did well for a long time but when he got older and semi-retired, the people he put in charge didn't do as well as him.
I agree.. one quarter is too short a time frame. The OR spread over the year along with more numbers on customer and employee turnover, safety, and asset utilization would be more meaningful. One fresh loaf does not a bakery make! But just the same.. a low OR even over a short span probably isn't bad news.
One quarter's results do not a miracle make, especially if you had to go through a bad quarter or two or four to make this quarter look good.
Let's see what happens a year from now.
OMAHA, Neb. — CSX Transportation’s financial turnaround — including a record-low quarterly operating ratio of 58.6 percent — may increase Wall Street pressure on the rest of the American railroad industry. Analysts compared U...
http://trn.trains.com/news/news-wire/2018/07/19-analysts-ask-why-union-pacific-isnt-more-like-csx
Brian Schmidt, Editor, Classic Trains magazine
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