Comparisons were adversely impacted by the absence of a large property sale we called out last year, as well as fuel price headwinds.ĭespite these headwinds, EPS improved by 5% and to $3.45 per share, a second quarter record. Operating ratio was up 260 basis points versus last year's quarterly record. Expenses grew by 21% year over year due primarily to higher fuel prices. Revenue increased 16% as a 20% increase in revenue per unit more than offset a 3% volume decline. We delivered solid financial performance in the second quarter with record revenue and earnings per share. Thanks to the combined efforts of our team. We are eager to reach an agreement that keeps our people among the highest paid craft workers of any industry and recognizes their essential service to our customers, our company and the U.S.Įconomy. I see firsthand and sincerely appreciate their daily dedication to serving our customers. I am privileged to spend a lot of time in the field with our hard-working craft employees and operations supervisors. Service is not yet where we want it to be, but I am encouraged by our progress and inspired by the commitment and shared vision of our talented team.
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