Wabtec Q1 Revenue Up 13% on Locomotive Deliveries and Rail Tech Buys
Rail equipment maker posts $2.95B in sales as freight segment locomotive deliveries jump 52.5% and digital acquisitions lift backlog $8.5B year-over-year.
#Class I Railroads
4 posts tagged with this topic.
Norfolk Southern Q1 Earnings Drop 2% as February Weather Cuts Rail Volume
Winter storms knocked intermodal traffic down 4% in February; coal up 9% but fuel costs and CSX-BNSF alliance bite into margin.
Union Pacific Posts Record Q1 Revenue Despite 1% Volume Drop
Operating income up 4% to $2.45 billion as the Class I railroad improves velocity and cuts terminal dwell to 19.7 hours — but premium traffic falls 9%.
Norfolk Southern Profit Falls 27% in Q1 as Insurance Bump Ends
The Class I railroad posted a sharp earnings drop after insurance payments from the East Palestine derailment dried up — a reminder that one-time windfalls…