Financial Data and Key Metrics Changes - Revenues increased over 500% to $4,200,000 in Q1 2025 from $600,000 in Q1 2024 [17] - Gross profit was $1,500,000 representing a 35% gross margin in Q1 2025 compared to a gross loss of $400,000 in Q1 2024 [18] - Operating expenses increased to $11,800,000 for Q1 2025 from $8,700,000 in Q1 2024 [19] - Cash held was $25,400,000 as of March 31, 2025, down from $30,000,000 as of December 31, 2024 [20] Business Line Data and Key Metrics Changes - OAS revenues were $4,000,000, an increase of over 600% from Q1 2024, driven by military customer programs and deployments in the UAE [17][18] - Revenues from OnDaaS Networks were $200,000, relatively flat compared to $300,000 in Q1 2024 [17] Market Data and Key Metrics Changes - OAS is expanding its presence with new defense and homeland security customers across Europe, the Middle East, and the U.S. [8] - The Iron Drone Raider system is operational in a live combat environment, demonstrating its effectiveness [9] Company Strategy and Development Direction - The company anticipates a record year of revenue growth in 2025, primarily driven by OAS [5] - The strategy includes capturing programs of record and expanding those programs to generate recurring business activity [45] - The company aims to secure additional military customers and expand its partner ecosystem in 2025 [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025, supported by a growing backlog and customer pipeline [50] - The company expects to add more military and homeland security customers beyond the initial goals set for 2025 [12][48] Other Important Information - The company announced a shelf registration statement for $225,000,000 to support future growth opportunities [53] - Joe Popolo will be stepping down from the board to take on new responsibilities as the U.S. Ambassador to the Netherlands [51] Q&A Session Summary Question: Follow-on orders and their size - Management indicated that initial orders are often pilot programs, with significant expansions expected thereafter [59][60] Question: Discussions with NATO and other countries - Management confirmed ongoing discussions with other countries, particularly in light of increased defense spending in Europe [61] Question: Opportunities for Optimus in the U.S. - Management highlighted existing customers expanding programs and targeting public safety and critical infrastructure markets [66][68] Question: Margin profile of recent orders - Management stated that Iron Drone margins are better than Optimus, with both systems having margins north of 50% [74] Question: Supply chain and tariff risks - Management noted that while tariffs on China are significant, they are managing supply chain risks by sourcing away from China [78][80] Question: Pipeline breakdown between current customers and new logos - Management expects significant expansion opportunities with both current customers and new logos in 2025 and beyond [84][86]

Union Pacific (UNP) 2025 Conference May 14, 2025 09:30 AM ET Speaker0 To the next part of of day two of our BofA Industrials Transportation and Airlines Key Leaders Conference. Certainly, a key leader is definitely a pro quo for our next our next panel. For those new to the room, I'm Ken Hoexter, BofA's air freight and surface transportation and marine shipping analyst. Next up, we welcome Union Pacific CEO Jim Vena, his fourth time joining us here, CFO Jen Hayman for her third time presenting and many more ...

UNION PACIFIC CORPORATION JIM VENA – CHIEF EXECUTIVE OFFICER JENNIFER HAMANN – CHIEF FINANCIAL OFFICER BANK OF AMERICA 2025 INDUSTRIALS, TRANSPORTATION & AIRLINES CONFERENCE 1 Cautionary Information This presentation and related materials contain statements about the Company's future that are not statements of historical fact, including specifically the statements regarding the Company's expectations with respect to economic conditions and demand levels, its ability to improve network performance (including ...

Core Viewpoint - FreightCar America, Inc. will participate in the Wolfe 18th Annual Global Transportation & Industrials Conference on May 20, 2025, indicating its engagement with investors and the industry [1]. Company Overview - FreightCar America is a diversified manufacturer and supplier of railroad freight cars, railcar parts, and components, headquartered in Chicago, Illinois [3]. - The company specializes in railcar repairs, complete railcar rebody services, and railcar conversions, which repurpose idled rail assets back into revenue service [3]. - Established in 1901, FreightCar America has built a reputation for quality railcars that are essential for economic growth and the North American supply chain [3].

Summary of CSX Conference Call Company and Industry Overview - **Company**: CSX Corporation - **Industry**: Rail Transportation Key Points and Arguments 1. **Operational Challenges**: CSX faced significant headwinds in 2025 due to the Blue Ridge subdivision rebuild and the Howard Street Tunnel project, impacting performance in the first quarter [19][22][27] 2. **Volume Recovery**: Despite challenges, CSX reported some of the highest volume levels of the year, with improvements in operations and network fluidity [19][23][28] 3. **Revenue Miss**: In the first quarter, CSX missed approximately $100 million in revenue opportunities due to operational inefficiencies [30] 4. **Capacity and Growth**: CSX anticipates low to mid-single-digit volume growth over the next three years without significant new infrastructure investments [32][89] 5. **Tariff Impacts**: The recent pause in reciprocal tariffs with China is expected to lead to a surge in preshipping, although an air pocket in freight volumes is anticipated in the short term [8][34][36] 6. **Market Outlook**: CSX remains optimistic about the second half of 2025 and 2026, driven by strong industrial development opportunities and new business wins [26][38] 7. **Coal and Fertilizer Demand**: Coal volumes increased by 6% quarter-to-date, driven by both domestic demand and export opportunities, while fertilizer volumes rose by 12% due to recovery from previous disruptions [53][60] 8. **Intermodal Growth**: Intermodal services have shown double-digit growth year-to-date, attributed to international demand and strong service performance [62][64] 9. **Employee Efficiency**: CSX is focusing on maintaining flat employee levels while improving efficiency, with a current workforce of 23,000 [93] 10. **Cost Management**: The company is managing labor inflation effectively, with overall labor costs running below 3% due to cost-sharing models in health benefits [47][71] Additional Important Insights 1. **Service Improvements**: CSX has improved trip plan compliance to over 80%, up from the 60% range earlier in the year, indicating better operational performance [25] 2. **Technology Investments**: The company is investing in advanced analytics and AI to enhance operational efficiency and decision-making capabilities [81] 3. **Long-term Projects**: The Howard Street Tunnel and Blue Ridge projects are on track, with expected completion in late 2025, which will enhance capacity and operational efficiency [66][68] 4. **Pricing Environment**: CSX is experiencing stable pricing dynamics, with pricing growth exceeding inflation, particularly in the chemicals and merchandise sectors [71][73] 5. **Future Projections**: CSX anticipates a significant reduction in costs related to rerouting and weather impacts as projects are completed, setting the stage for improved margins and earnings growth in 2026 [95][96]

Weekend progress toward resolving the trade spat between the United States and China has markets rallying, and railroad stocks are among the big winners.Shares of Union Pacific (UNP 6.25%), CSX (CSX 5.08%), Norfolk Southern (NSC 6.39%), Canadian Pacific Kansas City (CP 4.03%), and Canadian National (CNI 4.51%) were all up more than 5% as of 11 a.m. ET. Get the railcars moving againRailroad stocks are highly sensitive to trade, since most of the goods that are offloaded at ports spend some time on trains bef ...

Group 1 - CN's President and CEO, Tracy Robinson, will speak at the 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 20, 2025, at 8:00 a.m. ET [1] - CN will provide a live webcast of the conference on its investor relations website, with a replay available after the event [1] Group 2 - CN transports over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [2] - The company operates a nearly 20,000-mile rail network that connects Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast [2] - CN has been contributing to sustainable trade and community prosperity since its establishment in 1919 [2]

Core Points - CSX Corporation has reached a tentative five-year agreement with the Brotherhood of Locomotive Engineers and Trainmen covering approximately 3,400 locomotive engineers, marking a significant milestone as the first Class I freight railroad to do so with BLET [1][2] - The agreement includes competitive pay, improved healthcare, and work rule changes aimed at enhancing the quality of life for locomotive engineers, reflecting similar wage increases and benefits from agreements with 13 other unions [2][3] - Locomotive engineers represent about 20% of CSX's frontline workforce, and if ratified, nearly 75% of CSX's unionized workers will be covered by new agreements reached in the last nine months [3] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [5] - The company has been integral to the economic expansion and industrial development of the nation for nearly 200 years, connecting major metropolitan areas in the eastern United States and linking over 240 short-line railroads and more than 70 ports [5]

I wrote about Canadian National Railway Co . (NYSE: CNI )(TSX: CNR:CA ) previously with a downgrade to hold rating as the data were not great, making it a possibility that CNR may miss its FY24 EPS guide. However, II am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [hi ...

Supplemental Information First Quarter 2025 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of, this Presentation. FORWARD-LOOKING STATEMENTS. ...