Strong Volume and Revenue Growth
The team delivered strong volume growth in the quarter of 5%. Revenues were up $3.7 billion, up 3%, and earnings per share increased by 11% to $1.10 compared to the previous year.
Operational Improvements
Operating ratio improved by 220 basis points to 60.7%. Terminal dwell improved by 2%, velocity improved by 1%, and train length and train weight both improved by 2%.
Record Performance in Automotive and Intermodal Segments
The automotive segment achieved another record quarter with a 9% volume growth, and Intermodal revenue was up 7% on 11% volume growth.
Safety Improvements
There was a 3% improvement in personal injuries and a 20% improvement in train accident frequency.
Continued Investment in Locomotives
91 out of 100 Tier 4 locomotives scheduled for delivery this year have been received, improving service interruptions by about 30% compared to a year ago.