Rail carloads in April headed up 3.3%, or 34,020 carloads, to 1,051,026 carloads, compared to April 2017, and intermodal containers and trailers increased by 5.1%, or 103,650 units, to 2,150,026.
First quarter revenue was up 18.4% annually to $4.19 billion, and quarterly net income came in at $66.9 million, or $0.50 per share, which was ahead of net income of $19.5 million, or $0.16 per share a year ago and also ahead of Wall Street expectations by 7%.
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Total first quarter intermodal volume movements-at 4,547,247-were up 7.2% annually, which was ahead of the fourth quarter’s 5.8% annual spread and the third quarter’s 6.3% difference.