In the Western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B).
In recent weeks, CSX’s (CSX) intermodal traffic was on an upward path. However, in the week ended March 18, 2017, CSX’s total intermodal traffic fell 2.6%.
Norfolk Southern’s (NSC) total intermodal traffic slumped 2.3% in the week ended March 18, 2017. Its volumes reached nearly 71,000 containers.
In the week ended March 18, 2017, CSX’s (CSX) overall railcar volumes fell 8.4% YoY (year-over-year). In the week, CSX hauled more than 65,000 railcars.
Norfolk Southern (NSC) and CSX (CSX) run a virtual duopoly in the eastern United States. In the week ended March 18, 2017, NSC’s overall railcar volumes rose 1.2%.
Every week, the Association of American Railroads publishes North American freight rail data for the previous week. The latest figures are for the week ended March 18, 2017.
Most US airline stocks have gained since the ban on most electronic devices was announced on March 22, 2017.
Storing all electronics devices in the cargo hold creates dangers of its own.
No US airline currently offers direct, non-stop flights from the airports affected by the recent electronics ban to the US.
Most of the airlines in the Middle East affected by the latest ban on electronics gain a significant share of their revenues from business class travelers.
According to the UK and US administrations, the electronics ban on select airlines from airports aims to improve security and prevent terrorist attacks.
The US Department of Homeland Security on Tuesday, March 21, announced a ban on most electronics devices on nine airlines originating from ten airports.
In 3Q17, the company incurred a capex of $1.1 billion, which represents 7.4% of the 3Q17 total revenues of ~$15.0 billion.
Analysts’ recommendations have changed in FedEx’s (FDX) favor after its 3Q17 results.
The FedEx Ground segment’s revenues rose 6% from $4.4 billion in 3Q16 to $4.7 billion in fiscal 3Q17.
The FedEx Freight segment revenues rose 3.1% from $1.4 billion in 3Q16 to $1.5 billion in fiscal 3Q17.
FedEx’s (FDX) overall operating margin on a reported basis was 6.8% in 3Q17, almost flat on a year-over-year basis.
In 3Q17, FedEx’s (FDX) Express segment reported revenue of $6.7 billion as compared to $6.5 billion in 3Q16.
FedEx (FDX) reported adjusted EPS (earnings per share) of $2.35 in 3Q17, missing analysts’ consensus estimate of $2.61 per share by 10.1%.
In this part of the series, we’ll discuss the consensus recommendations for these companies. In week 11, Tsakos Energy Navigation (TNP) released its 4Q16 earnings.