More From Samuel Prince
What Happened to FedEx’s Fiscal 4Q17 Operating Margin?
FedEx’s (FDX) operating margin was 11.2% on an adjusted basis in fiscal 4Q17, representing a 0.4% fall on a YoY (year-over-year) basis.
Will CSX’s 4Q16 Operating Margin Exceed Analysts’ Estimates?
For CSX Corporation (CSX), Reuters-surveyed analysts estimate an operating margin of 30.5% for 4Q16, compared to an operating margin of 28.4% in 4Q15.
Canadian National Railway: Does It Have a Strong Intermodal?
Canadian National Railway (CNI) is the only railway that connects the Pacific Coast, the Atlantic Coast, and the Gulf of Mexico.
Norfolk Southern’s Intermodal Slump Equitable with Rival CSX
Norfolk Southern’s (NSC) total intermodal traffic for the week ended April 30, 2016, declined by 7.6%, at nearly 73,000 containers and trailers. This compares with 79,000-plus units in the corresponding week of 2015.
Evaluating Leverage Levels of Major Railroads after Q1 2018
As of March 31, Genesee & Wyoming (GWR) had a net debt-to-forward-EBITDA multiple of 3.2x, which was much higher than the industry average of 2.1x.
Which Commodities Pulled Down CSX’s Carloads in the Week?
In the week ended October 1, 2016, CSX’s overall carloads reported a fall of 5.6% compared to the week ended October 3, 2015.
Why Union Pacific’s Intermodal Freight Revenues Could Disappoint in 2016
Union Pacific’s domestic intermodal includes North American operations. Intermodal freight generated 20% of the company’s revenues in 2014.
Why Most Analysts Are Recommending a ‘Buy’ on Union Pacific
On Wall Street, 28 analysts rate Union Pacific (UNP) common stock. Out of the analysts, 21 of the analysts gave a “buy” recommendation.
Why BNSF’s Consumer Products Revenue Slumped in 3Q16
BNSF’s Consumer Products business contributed nearly 35% of its total freight revenue in 3Q16, recording its highest share in total freight revenue.
Union Pacific’s Coal Volumes: Light at the End of the Tunnel?
In 2Q16, UNP’s coal volumes declined 21%. This was primarily due to a 23% reduction in shipments in the Powder River Basin (or PRB) and the Colorado and Utah regions in 2Q16.
How Is Norfolk Southern Valued against Its Peers?
NSC’s next-12-months PE (price-to-earnings) multiple is valued at 15.2x against the peer average of 14.8x. This indicates a premium of 3%.
What to Expect from Kansas City Southern’s 1Q16 Earnings
Kansas City Southern (KSU) will release its first quarter 2016 earnings before the US market opens on April 19, 2016.
What Can We Expect from Norfolk Southern’s 3Q16 Earnings?
Virginia-based Norfolk Southern (NSC) is set to announce its 3Q16 earnings on October 26, 2016. In this series, we’ll analyze analysts’ estimates for the company’s revenues and margins.
Comparing Norfolk Southern’s Freight Volumes to the Industry
For Week 8, which ended February 24, 2018, Norfolk Southern (NSC) had a 1.8% loss of carload traffic.
Will Rise in Crude Oil Benefit US Truckload Carriers in 2018?
The average US on-highway diesel prices in 3Q17 have risen 20% compared to the same quarter last year.
Union Pacific’s Carloads Slide Less than Rival BNSF Railway’s Railcars
Union Pacific’s combined coal and coke carloads fell by 26.2% in the latest reported week of 2016 on a year-over-year basis.
Can Union Pacific’s Free Cash Flows Support Its Higher Dividend?
Union Pacific had FCF of $3.02 billion in the first nine months of 2017, compared with $2.86 billion in the corresponding period of 2016.
Could Norfolk Southern Increase Its Dividend in 2018?
On a long-term basis, NSC aims for a dividend payout ratio of 33.3%.
How Did Canadian National Measure up to Canadian Pacific in Carloads?
Canadian National recorded a 1.4% fall in total railcars in the week ended August 6, 2016, hauling ~57,000 railcars, compared to ~57,000 units one year ago.
General Electric’s 1Q18 Earnings Beat Estimates
General Electric (GE) released its 1Q18 earnings on April 20. GE’s adjusted earnings per share were $0.16, up 14.0% year-over-year.
Why Did CNI’s Petroleum and Chemicals Revenues Slump in 1Q16?
The carloads in CNI’s Petroleum and Chemicals segment fell by 7% in 1Q16 compared with 1Q15. This was mainly due to lower volumes of crude oil as a result of higher pipeline capacity.
Where Do Old Dominion’s Capital Investments Stand among Peers?
Companies like Old Dominion have to make big investments in handling facilities, technology, and specialized vehicles to support business and logistics.
Trinity Industries Declared Q3 Dividend of $0.13 per Share
Trinity Industries declared a dividend of $0.13 per share on its common stock for the third quarter.
CSX Trails Norfolk Southern in Total Railcar Units
In the week ending March 26, 2016, CSX’s (CSX) railcar units, excluding coal and coke, fell by 8.0%.
Turnover in Norfolk Southern’s Top Management in 2015
In 2015, Norfolk Southern Corporation (NSC) witnessed numerous changes in its executive management ranks due to either retirement or promotion.
Why Genesee & Wyoming’s Australian Carloads Fell in September
Genesee & Wyoming’s Australian carloads fell 4.8% in September 2016. In the comparable period in 2015, GWR hauled ~15,000 railcars.
Canadian National Railway: The Class I Freight Story
So far in 2017, Canadian National Railway (CNI) has emerged as the front-runner in terms of YoY (year-over-year) carload growth among its Class I peers.
Why Should Investors Anticipate CSX’s 2Q16 Earnings Preview?
Railroad stocks provide a good insight into the overall health of the economy. CSX Corporation will release its 2Q16 earnings on July 13.
Why Did Genesee & Wyoming Fare So Poorly in Its Peer Group?
On March 8, 2016, Genesee & Wyoming’s (GWR) market capitalization was ~$3.5 billion. The railroad industry had a bad 2015, and GWR was not immune.
What Was Canadian Pacific’s Original Indication of Interest?
Canadian Pacific (CP) proposed a 50% cash and 50% stock transaction based on CP’s and Norfolk Southern’s (NSC) stock closing prices on November 13, 2015.
Canadian National Railway’s Volumes Pushed by Intermodal
Canadian National Railway (CNI), reported a 5.7% gain in carload traffic in the week ended March 10, 2018, or Week 10.
How Analysts Feel about United Parcel Service Post-2Q16
In this article, we’ll discuss what analysts are expecting for United Parcel Service (UPS) following its 2Q16 results.
General Electric in 3Q16: How Has the Stock Performed So Far?
Industrial conglomerate General Electric (GE) will release its 3Q16 earnings on October 21, 2016. It is currently in a transformation phase, focusing on its core industrial business.
Canadian Pacific Railway’s Returns in 2017
Investors should note that after the recent 3Q17 earnings, Canadian Pacific Railway (CP) was the only railroad to revise its outlook upward.
Canadian National Railway’s Volumes Rose despite Coal’s Fall
Since January 1, 2017, Canadian National Railway’s (CNI) volumes have risen the most YoY (year-over-year) among Class I railroad companies.
Carload Traffic Boosts Union Pacific’s Freight Volumes in Week 49
Union Pacific’s freight volumes In Week 49 of 2017, Omaha-based Union Pacific (UNP) reported a 5% rise in carloads, whereas rival BNSF Railway (BRK-B) reported a 7% rise. UNP’s railcar volumes rose to ~97,000 carloads from ~92,500 in the same week last year. In 2017 so far, Union Pacific’s carload traffic gains have been lower than those reported by […]
Did Coal Boost CSX’s Carloads in the Second Week of 2017?
CSX’s carloads In the week ended January 14, 2017, CSX’s (CSX) overall railcar volumes rose 3.1% YoY (year-over-year). In the second week of 2017, CSX hauled over 68,000 railcars, compared with over 66,000 railcars in the comparable week last year. The company’s carloads, excluding coal and coke, rose 0.8%—a smaller rise than Norfolk Southern’s (NSC). […]
How Kansas City Southern Beat Revenue Estimate in 4Q17
In the fourth quarter 2017, Kansas City Southern (KSU) reported revenue of $660.4 million, exceeding analysts’ revenue estimates by 0.6%.
Why Analysts Have a ‘Hold’ Rating for Canadian National Railway
There are 21 analysts covering CNI. Of those, only five, or 24.0%, have a “buy” rating for the stock.
How Did GWR’s North American Carloads Add Up in January 2016?
In January 2017, Genesee & Wyoming’s (GWR) North American traffic rose 9.1% YoY, hauling ~136,000 railcars that month.
Canadian National Railway: The Unstoppable Freight Growth Story
In the week ended April 1, 2017, Canadian National Railway saw its overall volumes rising 8.4% on a YoY basis.
Is Canadian Pacific’s Free Cash Flow Enough for Dividend Growth?
Now let’s examine the free cash flow levels of Canadian Pacfic and compare it to its arch-rival Canadian National Railway (CNI).
CSX’s 3Q17 Earnings Shine: Higher Freight Rates, Stock Up 2.6%
The eastern US rail freight carrier CSX (CSX) announced its 3Q17 earnings on October 17. The quarter marks the end of two full quarters under the leadership of Hunter Harrison.
Despite a Rise in Coal, CSX’s Volumes Fell in Week 16
In the week ended April 22, 2017, CSX Corporation’s (CSX) overall railcar volumes fell ~0.6% YoY (year-over-year).
Why Kansas City Southern’s Intermodal Revenue Slid in 1Q17
In this article, we’ll discuss Kansas City Southern’s Intermodal segment’s performance in 1Q17.
Canadian National Railway: Growth Undeterred by Coal’s Fall in Week 23
In contrast to the industry’s trend, CNI’s coal carloads contracted 20% in week 23 of 2017.
US Freight Rail Traffic Was a Mixed Bag in Week 30
The Association of American Railroads (or AAR) publishes North American rail freight (UNP) data every week.
How Do Analysts View CSX after Its 3Q16 Results?
CSX’s heavy investment in its intermodal business and network improvement will most likely show results in 1H17.
CSX’s Intermodal Has Lower Slump than Total US Intermodal Decline
In the week ended April 9, 2016, CSX Corporation’s (CSX) total intermodal traffic declined by less than 2%.
This Railroad Led in First-Quarter Intermodal Revenue Growth
Norfolk Southern (NSC), an Eastern US railroad, reported the highest intermodal revenue growth of 19% YoY among its peers in the first quarter.
Canadian Pacific’s Carloads: Even Coal’s Rise Failed to Stop the Decline
Canadian Pacific (CP) registered a fall of 7.3% in total railcars in the week ended July 23, 2016. The company hauled ~23,000 railcars that week.
How Did BNSF’s Carloads Perform against Rival UNP’s?
BNSF Railway (BRK-B) operates in the Western US, competing with Union Pacific (UNP).
Analyzing GWR’s European Carloads in February 2017
Genesee & Wyoming’s (GWR) European carloads remained unchanged YoY (year-over-year) in February 2017.
How Union Pacific’s Carloads Compared with Overall US Railroads
In the week ended December 3, Union Pacific’s (UNP) overall railcars fell 2.6% to 95,000-plus units from ~98,000 units in the corresponding week of 2015.
How US Class I Railroad Stocks Have Fared since the Hurricanes
There have been varied estimates of the damages caused by Harvey, from $65.0 billion to as high as $190.0 billion. In this series, we’ll look at how Hurricanes Harvey and Irma affected Class I railroads.
Rising Coal Volumes Not Enough to Stop CP’s Fall in Carloads
Canadian Pacific (CP) registered a fall of 5.2% in total railcars in the week ended August 27, 2016.
US Rail Traffic Sees Highest Fall in North America in Week Ended June 4
During the week ended June 4, 2016, the total number of US railcars fell to just above 224,000 units. This reflects a fall of 16.6% from 269,000 units reported in the week ended June 6, 2015.
Why Did CSX’s Carloads Slump in the Week Ending July 16?
CSX (CSX) is a major operator in the Eastern US that competes with Norfolk Southern (NSC).
Canadian Pacific: Domestic Intermodal Growth Matters
In the week ended April 1, 2017, Canadian Pacific reported a 6.3% rise in overall intermodal traffic.
How Canadian Pacific’s Intermodal Traffic Trended
Canadian Pacific’s (CP) intermodal volumes have been rising for the past few weeks.
Inside Norfolk Southern’s Freight in Week 28
CSX’s (CSX) overall railcar traffic rose 3.1% in the 28th week of 2017 (ended July 15).
Canadian National Railway Sees Highest Volume Growth in Week 49
CNI’s freight volumes in Week 49 Recently, Canada’s largest freight railway, Canadian National Railway (CNI), has seen its carload traffic fall YoY (year-over-year). However, in the last two weeks, the trend has reversed. In the week ended December 9, 2017, or Week 49, the railroad’s carload traffic grew 4.9% to ~62,600 carloads from ~59,700 units […]
Comparing Union Pacific’s Freight Volumes with the Industry in Week 33
In week 33 of 2017, Union Pacific (UNP) recorded a marginal rise of 0.6% in its railcars, excluding intermodal.
Comparing CSX’s Carloads with US Railroads
In the week ended December 10, 2016, CSX’s (CSX) overall carloads fell 6.1%. The company hauled 72,000 railcars against 77,000 in the corresponding week last year.
Comparing Union Pacific’s Carloads
Union Pacific’s carloads In the western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B). In the week ended February 18, 2017, UNP’s overall railcar volumes grew 7.2% YoY (year-over-year) to ~96,000 units. Railcar volumes, excluding coal and coke, rose 1.8% YoY to 70,000 units, compared with 69,000 units in […]
Kansas City Southern: Did Coal Push Volumes in Week 32?
Kansas City Southern (KSU), a US-Mexico railroad, is the smallest Class I railroad in the US.
Why Old Dominion Freight Line Commands a Valuation Premium
Old Dominion announced a rise of 2.0% LTL tons in January and 3.2% in February. During the same months, its LTL shipments per day rose by over 6%.
UPS’s Second-Largest Segment: International Package Segment
United Parcel Service’s international package segment includes small package operations in Europe, Asia-Pacific, Canada, Latin America, the Indian subcontinent, the Middle East, and Africa.
Kansas City Southern’s Carloads Rolled against the Tide, Up 6.6%
In the week ended November 5, 2016, Kansas City Southern’s (KSU) total railcars rose 6.6% compared with the corresponding period in 2015.
Why Did GWR’s European Carloads Rise in December?
GWR’s European carloads rose 20.3% YoY in December 2016. In the same period of 2015, GWR hauled ~72,000 railcars, as compared to ~86,000 in December 2016.
US Rail Freight Traffic Got a Push from Intermodal in Week 32
In Week 32, US railroads’ overall rail volumes, including intermodal, rose 2.8% YoY to ~556,900 railcars from ~541,600 in Week 32 of 2017.
How Did FedEx Grow into One of the Largest Logistics Giants?
In the international arena, FedEx primarily competes with DHL, United Parcel Service (UPS), and foreign postal authorities.
What Pulled Down Canadian Pacific’s Carloads Last Week?
Canadian Pacific (CP) registered an 8% fall in total railcars in the week ended November 5, 2016.
How CSX’s Carloads Compared with Industry Volumes in Week 6
In the sixth week of 2018 (ended February 10), CSX posted a 9% loss in carload traffic.
Why Did Norfolk Southern’s Intermodal Volumes Rise?
Norfolk Southern’s intermodal volumes Norfolk Southern’s (NSC) total intermodal traffic rose 6.9% in the week ended January 28, 2017. Volumes in the reported week reached above 76,000 containers and trailers, compared with nearly 72,000 in the week ended January 30, 2016. NSC’s container traffic rose 6%, from ~65,000 units in the week ended January 30, […]
UNP Rises 1.5% on Pricing Gains, Higher Volumes in Q3 2018
Union Pacific (UNP) announced its third-quarter earnings results before the market opened on October 25.
How Did BNSF’s Intermodal Volumes Fare?
BNSF Railway’s (BRK-B) total intermodal traffic for the week ended July 2, 2016, was up 1.7%.
Which Commodity Groups Boosted Norfolk Southern’s Carloads?
Norfolk Southern’s carloads Norfolk Southern (NSC) and CSX (CSX) run a virtual duopoly in the eastern United States. In the week ended February 18, 2017, NSC’s overall railcar volumes rose 7%. There were around 68,000 railcars, compared with 63,000 in the week ended February 20, 2016. Railcar volumes, excluding coal and coke traffic, rose 5.2% YoY […]
Behind Union Pacific’s Railcar Traffic in Week 6
Another major Western US railroad Union Pacific (UNP) posted a marginal 0.6% contraction in carload traffic in the sixth week of 2018, ended February 10.
A Huge Fall in Coal Pulls Down CSX Corporation’s Carloads
In the week ended June 18, 2016, CSX Corporation’s carloads excluding coal and coke fell by 3.6%
CSX: Intermodal Pushed Volumes despite Fall in Railcars in Week 33
In the week ended August 19, 2017, CSX hauled nearly 69,000 railcars compared with ~70,500 units in the week ended August 20, 2016.
Burlington Northern Santa Fe: A Dominant Class I Railroad
On August 4, 2017, Burlington Northern Santa Fe (or BNSF) filed a Form 10-Q with the SEC for the quarter ended June 30, 2017.
Union Pacific’s Carloads: Coal Pulls Down Overall Volumes
Union Pacific (UNP) competes with Berkshire Hathaway owned BNSF Railway (BRK-B) in the Western US.
Kansas City Southern’s Coal Carloads Offered a Surprise
In the week ended July 9, 2016, Kansas City Southern’s (KSU) total railcars were down 5.8% compared with the corresponding period last year.
BNSF Railway Started Week 1 with Higher Freight Volumes
In the week ended January 6, 2018, Berkshire Hathaway–controlled BNSF Railway (BRK-B) reported a low single-digit rise in carload traffic.
Inside Norfolk Southern’s Railcar Traffic Mix in Week 7
Norfolk Southern’s intermodal volumes were up 8.3% in the seventh week of 2018.
Comparing BNSF Railway’s Freight Volumes with the Industry in Week 36
Berkshire Hathaway–owned BNSF Railway’s (BRK-B) railcar traffic fell 1.4% in the week ended September 9, 2017.
Genesee and Wyoming Saw Dive in European Carloads in July 2017
Genesee and Wyoming moved ~91,000 railcars in July 2017 compared to ~97,000 carloads in the same month last year.
This Drove Canadian National’s Upward Momentum in Carloads
In 2017, Canadian National has clearly emerged as the front runner in terms of YoY carload growth among Class I peers.
US Freight Rail Volumes Surge—Is a Recovery in Sight?
The total US carload traffic for the first 13 weeks of 2017 reached ~3.3 million carloads, a rise of 5.7% compared to the same point in 2016.
Why General Electric’s Aviation Segment Revenue Rose in 1Q17
Revenue for General Electric’s (GE) Aviation segment was $6.8 billion in 1Q17, a 9.0% rise from $6.2 billion in 1Q16.
How Did BNSF’s Traffic Fare in Week Ending July 16?
BNSF Railway’s total railcars for the week ended July 16, 2016, fell by 1.8% to 99,000 units compared with 100,000 plus units on a year-over-year basis.
Comparing Canadian Pacific’s Intermodal Volumes
Canadian Pacific’s intermodal volumes Although Canadian Pacific’s (CP) intermodal volumes have been marching forward for the past few weeks, in the week ended January 28, 2017, CP reported a fall of 7.5% in overall intermodal traffic. Intermodal data indicates that the fall was due to a drop in its international intermodal business, where volumes fell […]
How Did Norfolk Southern’s Carloads Compare to CSX’s?
Norfolk Southern (NSC) is a major freight rail carrier in the Eastern US.
Why Did FedEx Switch to Mark-to-Market Pension Accounting?
FedEx suffered a loss of $895.0 million in connection with the shift to new pension accounting in 2015.
How Norfolk Southern’s Carloads Stacked Up against Peers
In the week ended March 11, 2017, NSC’s overall railcar volumes rose 3%.
Coal Volume Boosts Norfolk Southern’s Carloads
Norfolk Southern’s carloads Norfolk Southern (NSC) and CSX (CSX) run a virtual duopoly in the eastern United States. In the week ended January 28, 2017, NSC’s overall railcar volumes grew 10.4%. There were over 71,000 railcars, compared with ~65,000 in the week ended January 30, 2016. Railcar volumes, excluding coal and coke traffic, rose 2.4% in […]
What Led to the Decline in Canadian Pacific’s Intermodal Volumes?
Canadian Pacific’s intermodal volumes Although Canadian Pacific’s (CP) intermodal volumes have been marching forward for the past few quarters, for the week ended January 14, 2017, CP reported a fall of 4.5% in overall intermodal traffic. The intermodal data indicates that the fall was led by a drop in its international intermodal business, where volumes […]
Canadian National’s Intermodal Volumes Compared to CP
In the week ended August 20, 2016, Canadian National Railway’s (CNI) intermodal fell 5.5%. Container volumes fell 4% against the corresponding week last year.
How Truckload Carriers Have Returned Cash to Investors in 2Q17
J.B. Hunt Transport Services (JBHT) raised its share repurchases by $80.0 million in 1H17 compared with 2Q16.