Behind GE’s Aviation Segment’s Flat Revenue in 2Q17
General Electric’s (GE) Aviation segment accounted for the second-largest share of its total 2Q17 industrial revenue.
Out of 31 analysts, seven analysts (or 23%) recommended a “strong buy” for UNP stock.
Union Pacific recorded a rise of 340 basis points in its 2Q17 operating margin. Its operating margin was 38.2%, up from 34.8% in 2Q16.
UNP’s industrial shipments rose 15% in 2Q17 compared to 2Q16.
In 2Q17, UNP’s Chemicals segment’s revenues rose 4% to $898.0 million from $864.0 million in 2Q16.
In 2Q17, Union Pacific saw its agricultural products’ volume rising 3% compared with 2Q16.
UNP’s overall shipments for its Intermodal segment rose 2% in 2Q17.
On July 20, Western US freight rail giant Union Pacific (UNP) announced its 2Q17 results. UNP reported adjusted earnings per share of $1.45, surpassing Wall Street’s estimate by 4.4%.
GWR’s European operations reported a 5.8% YoY (year-over-year) volume loss in June 2017.
In June 2017, Genesee & Wyoming registered a marginal decline in its North American traffic YoY. GWR hauled ~131,000 railcars that month.
Canadian Pacific Railway reported a railcar volume loss of 1% YoY in the 28th week of 2017 (ended July 15). The company moved ~30,000 railcars that week.
In the week ended July 15, 2017, Canadian National Railway registered a double-digit growth in railcars.
Kansas City Southern reported a YoY (year-over-year) 4.4% rise in railcars in the week ended July 15, 2017.
BNSF Railway’s total railcars contracted by 4.1% in the 28th week of 2017 (ended July 15). The company hauled ~4,000 fewer railcars YoY at ~95,000.
In the 28th week of 2017 (ended July 15, 2017), Union Pacific’s railcar volume rose 2.4%, compared with the same week last year.
NSC recorded a slight decline in railcars in the 28th week of 2017 (ended July 15). The company moved 66,000 railcars that same week.
CSX’s (CSX) overall railcar traffic rose 3.1% in the 28th week of 2017 (ended July 15).
For the US, overall freight volumes including intermodal rose 3.8% to 540,000 units last week, up from 520,000 units in the week ended July 16, 2016.
In all, 29 analysts cover CSX (CSX). Two analysts changed their recommendations on CSX stock from “hold” to “buy,” which takes the number of analysts with a “buy” suggestion to ten from eight previously.
In 2Q17, CSX’s (CSX) operating margins registered a 160-basis-point increase.