FreightFA

FreightFA’s Q2 Rail Report Card

Who Performed, One Cost Problem, and a Network Story Shippers Need to Price In

Published August 25, 2026 in The FreightFA Brief, FreightFA's freight market newsletter.

Article

North American railroads reported strong second-quarter revenue, but performance varied significantly. Union Pacific and CSX achieved both growth and improved efficiency. BNSF, CN, and CPKC increased revenue but saw declining margins. Norfolk Southern set a revenue record, though its operating ratio worsened considerably.

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