奥纬咨询：2025年Q2北美货运铁路业绩：财务与运营概览报告（英文版）（32页）.pdf

1、A business of Marsh McLennanNorth American Freight Rail PerformanceQ2 2025 Financial and Operations ReviewA business of Marsh McLennan2 Oliver WymanOliver Wymans quarterly North American Freight Rail Performance report compiles and analyzes publicly available data from the seven largest North Americ

2、an railroads:BNSF Railway(BNSF)Canadian National Railway(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

3、 Federal Railroad Administration(FRA),industry financial reports,and public company informationAll 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 quarterINTRODUCTION23 Oliver WymanCONTENTS(1/2)Total rev

4、enue for Q2 2025 compared to Q2 2024 and peak quarter5Total revenue two-year trend with compound quarterly growth rate(CQGR)for Q2 2023 to Q2 20256Total revenue units for Q2 2025 compared to Q2 20247Average freight revenue per unit for Q2 2025 compared to Q2 20248Carloads and intermodal units for Q2

5、 2025 compared to Q2 20249Intermodal revenue moves for the first six months for 2022 through 202510Non-coal and coal carloads for Q2 2025 compared to Q2 202411Revenue ton-miles(RTMs)for Q2 2025 compared to Q2 202412Freight revenue per RTM for Q2 2025 compared to Q2 202413Adjusted operating ratio(OR)

6、for Q2 2025 compared to Q2 202414Unadjusted operating ratio(OR)for Q2 2025 compared to Q2 202415Operating ratio two-year trend with CQGR for Q2 2023 to Q2 202516Freight revenue and operating expense per RTM for Q2 2025 compared to Q2 2024174 Oliver WymanCONTENTS(2/2)Total employees for Q2 2025 compa