— Freight revenue declined by 10% as core pricing gains and a positive business mix were offset by lower volumes and decreased fuel surcharge revenue.
— Segment-wise, the company experienced a fall in freight revenue as agricultural products declined by 2%, the premium dropped by 14% and energy fell by 25% while industrial were flat.
— The business volume, as measured by total revenue carloads, decreased by 11%. Industrial volumes were flat compared to 2018, while agricultural products, premiums, and energy shipments declined.
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— For the full year 2020, the company expects base capital of $2.95 billion, plus $150 million for siding extensions.
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