奥纬咨询：2026年 Q1北美货运铁路业绩：财务与运营概览报告（英文版）（31页）.pdf

1、North American Freight RailPerformanceQ1 2026 Financial and Operations Review Oliver Wyman2Oliver Wymans quarterly North American Freight Rail Performance report compiles and analyzes publicly available data from the seven largest North American railroads:BNSF Railway(BNSF)Canadian National Railway(

2、CN)Canadian Pacific Kansas City Railway(CPKC)CSX Transportation(CSX)Ferromex(FXE)Norfolk Southern Railway(NS)Union Pacific Railroad(UP)Data sources include the US Surface Transportation Board(STB),the Association of American Railroads(AAR),the Federal Railroad Administration(FRA),industry financial

3、reports,and public company information.All dollar figures are US dollars.Financial figures for CN,CPKC,and FXE are converted to US dollars using the exchange rate at the end of the latest quarter.Introduction Oliver Wyman3Total revenue for Q1 2026 compared to Q1 2025 and peak quarter5Total revenue t

4、wo-year trend with compound quarterly growth rate(CQGR)for Q1 2024 to Q1 20266Total revenue units for Q1 2026 compared to Q1 20257Average freight revenue per unit for Q1 2026 compared to Q1 20258Carloads and intermodal units for Q1 2026 compared to Q1 20259Non-coal and coal carloads for Q1 2026 comp

5、ared to Q1 202510Revenue ton-miles(RTMs)for Q1 2026 compared to Q1 202511Freight revenue per RTM for Q1 2026 compared to Q1 202512Revenue per RTM two-year trend with compound quarterly growth rate(CQGR)for Q1 2024 to Q1 202613Adjusted operating ratio(OR)for Q1 2026 compared to Q1 202514Operating rat

6、io two-year trend with CQGR for Q1 2024 to Q1 202615Contents(1/2)Freight revenue and operating expense per RTM for Q1 2026 compared to Q1 202516 Oliver Wyman4Total employees for Q1 2026 compared to Q1 202517Total employment count and RTMs Q1 2019 to Q1 202618RTMs per employee for Q1 2026 compared to