JACKSONVILLE, Fla., July 23, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced second quarter 2025 operating income of $1.28 billion compared to $1.45 billion in the prior year period. Net income was $829 million, or $0.44 per diluted share, compared to $963 million, or $0.49 per diluted share, in the same period last year. Total volume of 1.58 million units for the quarter was flat compared to second quarter 2024 and up 4% sequentially. “The skill and commitment of CSX’s railroaders enabled ...

Core Insights - Union Pacific (NYSE:UNP) is expected to announce earnings on July 24, 2025, with historical trends indicating a pattern of negative one-day returns post-announcement [1][2] - Analysts project earnings of $2.90 per share and revenues of $6.15 billion for the upcoming quarter, reflecting growth from the previous year's earnings of $2.74 per share and revenues of $6.01 billion [2] - The company currently has a market capitalization of $136 billion, with $24 billion in revenue, $9.7 billion in operating profits, and a net income of $6.7 billion over the past twelve months, indicating strong operational profitability [3] Historical Performance - Over the last five years, Union Pacific's stock has experienced a decrease on the day following earnings announcements in 55% of cases, with a median drop of -2.4% and a maximum decline of -6.8% [1][6] - Positive one-day returns occurred approximately 45% of the time, with the median of positive returns being 2.1% and the median of negative returns being -2.4% [6] Trading Strategies - Traders may consider pre-earnings positioning based on historical odds and evaluate the relationship between immediate and medium-term returns post-earnings to guide their strategies [5][7] - A strategy involving the correlation between one-day and five-day returns can be employed, where a positive one-day return may lead to a long position for the subsequent five days [7]

Canadian National Railway Company (CNI) Q2 2025 Earnings Call July 22, 2025 04:30 PM ET Company ParticipantsStacy Alderson - AVP - IRTracy Robinson - CEO & PresidentDerek Taylor - EVP & Chief Field Operating OfficerPatrick Whitehead - EVP & Chief Network Operating OfficerJanet Drysdale - Interim Chief Commercial OfficerGhislain Houle - EVP & CFOCherilyn Radbourne - MD - Equity ResearchWalter Spracklin - Canadian Research Management & Co-Head of Global Industrials ResearchKen Hoexter - Managing DirectorRavi ...

Financial Data and Key Metrics Changes - The company reported a 2% adjusted EPS growth for Q2 2025, with revenues down 1% year over year on a 1% decrease in RTMs and flat carloads [4][27][40] - Operating ratio improved by 50 basis points to 61.7% compared to last year's adjusted operating ratio of 62.2% [40] - Free cash flow generated was over $1.5 billion, up 5% year over year, primarily due to lower capital expenditures [42] Business Line Data and Key Metrics Changes - Bulk volumes were strong, reflecting the company's advantage in the agricultural sector, while merchandise and intermodal segments faced challenges due to tariffs and a weaker industrial economy [5][12] - Petroleum and chemicals experienced lower volumes due to refinery turnarounds, while grain and fertilizers saw a 12% increase in revenues, with grain volumes up 6% in Canada and nearly 30% in the U.S. [32][28] - Intermodal volumes were mixed, with a 4% decline in units through Vancouver but a 14% increase in Prince Rupert units [33] Market Data and Key Metrics Changes - The company noted ongoing uncertainty in the tariff and trade environment, particularly affecting forest products, metals, and automotive sectors [8][10] - The Canadian carbon tax repeal impacted revenues by approximately $70 million in Q2, expected to continue affecting the next three quarters [28] - Foreign exchange provided a slight tailwind to revenue of less than 1% [28] Company Strategy and Development Direction - The company is focused on leveraging its diversified book of business and maintaining strong partnerships with customers to navigate the uncertain environment [10][11] - Efforts are underway to enhance access to global markets, particularly in the energy sector, and to mitigate tariff impacts by finding alternative routes for affected commodities [11][12] - The company is adjusting its expectations for the remainder of the year to low single-digit RTM growth due to the current economic environment [13][44] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the second half of the year, citing broader ranges of outcomes and persistent softness in certain sectors [10][13] - The company remains committed to controlling costs and maintaining operational efficiency despite external challenges [15][22] - Management believes that the fundamentals of growth remain intact, with expectations for a rebound in volumes as tariff situations stabilize [59][85] Other Important Information - The company ended the quarter with 8,000 system cars in storage, which is double the amount at the end of Q1, allowing for flexibility in response to volume changes [22] - Locomotive availability improved to 92.5%, with an 8% reduction in locomotive unit costs year over year [23] - The company is revising its guidance for mid to high single-digit EPS growth in 2025, reflecting the impact of tariffs and economic conditions [44] Q&A Session Summary Question: Progress on U.S.-bound international intermodal traffic through Prince Rupert - Management noted that overseas intermodal via Canada to the U.S. represents less than 5% of total revenues, with good progress at Prince Rupert but challenges at Vancouver due to tariff deadlines [51][52] Question: Challenges or changes in optimism around company-specific initiatives - Management affirmed that company-specific initiatives remain intact, with a focus on leveraging network advantages despite current tariff uncertainties [58] Question: RTM guidance for the second half of the year - Management expects volumes to accelerate as refinery outages resolve and anticipates a ramp-up in grain crop shipments in September [66] Question: Proactive changes in response to volume mix - Management highlighted strong bulk volumes and the need to manage costs tightly, with a focus on maintaining operational efficiency [70][72] Question: CapEx and competitive access in potential merger scenarios - Management is closely monitoring CapEx and has reduced the budget while ensuring investments are aligned with growth opportunities [78][80] Question: Confidence in achieving volume growth in 2026 - Management expressed uncertainty regarding tariff resolutions but remains focused on maintaining strong growth fundamentals [85]

Financial Performance - Q2 Total Revenues were $4.3 billion, a decrease of 1%[15] - Adjusted diluted EPS grew by 2% to $1.87, while reported diluted EPS increased by 7%[14, 15] - Operating Ratio increased by 50 bps to 61.7% compared to adjusted, and increased by 230 bps compared to reported[15] - Year-to-date Free Cash Flow increased by 5% to $1.5 billion[48] Operational Efficiency - RTMs decreased by 1%[14, 15] - Car Velocity increased from 210 to 213 car miles per day[21] - Through Dwell decreased slightly from 6.9 to 6.8 hours[21] - Train delays caused by work blocks decreased by 4% year-to-date 2025 vs year-to-date 2024[26] - GTMS/T&E employee increased by 11% in Q2 2025 vs Q2 2024[30] - Tie installation efficiency increased by 7% in Q2 2025 vs Q2 2024[32] Revenue Breakdown - Overall carloads remained flat[36] - Grain & Fertilizers revenue increased by 12%, while Automotive, Forest products, Metals & Minerals, and Petroleum & Chemicals decreased by 6%, 9%, 7%, and 6% respectively[36] Outlook - The company now assumes low single-digit RTM growth for the year[43] - The company expects mid to high single-digit adjusted diluted EPS growth[58]

MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a third-quarter 2025 dividend on the Company’s common shares outstanding. A quarterly dividend of eighty-eight and three-quarter cents (C$0.8875) per common share will be paid on September 29, 2025, to shareholders of record at the close of business on September 8, 2025. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufacture ...

Railroad Drove Margin Improvement Despite Challenging External EnvironmentMONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the second quarter ended June 30, 2025. “Our team's ability to be nimble and our focus on tight cost control allowed us to adjust our operations and deliver strong results despite a challenging external environment. We are working closely with customers, including those impacted by trade issues, to provide them ...

Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImagesSOPA Images/LightRocket via Getty ImagesCSX (NASDAQ:CSX) is set to release its earnings on Wednesday, July 23, 2025. Historically, CSX has recorded a positive one-day return in 65% of cases following its earnings announcements over the previous five years. The median positive return on these occasions was 2.6%, with a peak one-day positive return of 4.3%.For traders focusing on events, recognizing these historical trends can offer a ...

Analysts on Wall Street project that Union Pacific (UNP) will announce quarterly earnings of $2.89 per share in its forthcoming report, representing an increase of 5.5% year over year. Revenues are projected to reach $6.11 billion, increasing 1.7% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this per ...

Union Pacific is in talks to acquire Norfolk Southern, The Wall Street Journal reported late Thursday, citing people familiar with the matter. The deal would merge companies with a combined market value of roughly $200 billion. https://t.co/iZkAunIl6w ...