Canadian National Railway Co
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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.
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.
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.
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.
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 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.
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.
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.
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.
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).
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.
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.
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.
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 […]
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.
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.
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.
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.
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.
BNSF: A Jewel in Berkshire Hathaway’s Crown
Burlington Northern Santa Fe (or BNSF) owns and operates the largest rail network in North America through its wholly owned subsidiary, BNSF Railway Company.
Drop in Volumes Weighs On Canadian Pacific’s Carloads
Canadian Pacific’s carloads Canadian Pacific (CP) registered a fall of 9% in total railcars in the week ended December 17, 2016. The company hauled 29,000 railcars that week, compared with ~32,000 in the corresponding week last year. CP’s railcars, excluding coal, fell 11% to settle at just more than 23,000 units in the reported week […]
Coal Boosts Canadian Pacific’s Volumes in Week 17
Canadian Pacific’s carloads Canadian Pacific Railway’s (CP) total carloads rose 15.0% in the week ended April 29, 2017. The company hauled more than 34,000 railcars that week, similar to its total carloads in the corresponding week of 2016. CP’s railcars, excluding coal, rose 7.4% YoY (year-over-year) to settle at more than 27,000 units, compared with […]
Kansas City Southern: Its Intermodal Volumes in Week 23
KSU’s trailer volumes fell 9.5% in week 23, whereas container traffic contracted by 2.4% in the same week.
Unloading Canadian Pacific’s Latest Carloads
Canadian Pacific’s total carloads shrank 0.6% in the week ended February 25, reaching ~30,000 railcars.
Brace Yourself for What Analysts Estimate for Norfolk Southern
The average target price for Norfolk Southern is $89.25 compared with its current market price of $78.00, representing a potential return of 14.4%.
How the Widening of Panama Canal Could Affect Union Pacific
In 1Q16, revenues from Union Pacific’s (UNP) Intermodal segment fell by 9% YoY (year-over-year) to $879 million from $967 million in 1Q15.
These Commodities Boosted Kansas City Southern’s Carloads
Kansas City Southern’s carloads Over the past few weeks, US-Mexico railroad Kansas City Southern (KSU) has seen higher freight volumes year-over-year. In the week ended November 18, 2017, KSU’s carload traffic stood at 26,600 units, up 5.7% from the 25,200 units it reported in the week ended November 19, 2016. Whereas many US railroads reported volume losses, Kansas City […]
Why Kansas City Southern’s Freight Traffic Just Rose
Kansas City Southern reported a YoY (year-over-year) 4.4% rise in railcars in the week ended July 15, 2017.
Canadian National Railway: What Led Volume Growth in Week 35
Since the beginning of 2017, Canadian National Railway (CNI) has continually kept its positive momentum. In the week ended September 2, 2017, CNI’s carloads rose 4.2%.
A Summary of Kansas City Southern’s Freight Volumes in Week 9
In the ninth week of 2018, US-Mexico commerce-on-rail Kansas City Southern registered a 4% fall in its carload traffic.
Week 41: Affirmed Slow Growth Trend in US Rail Traffic Volumes
On October 17, the AAR (Association of American Railroads) published its weekly traffic data for Week 41, which ended on October 13.
Will US Freight Rail Traffic See Light at the End of the Tunnel?
Each week, the Association of American Railroads publishes the previous week’s North American freight rail data. The latest data are for the week ended October 29, 2016.
Inside Kansas City Southern’s Freight Volumes in Week 48
In the week ended December 2, 2017, US–Mexico commerce on Kansas City Southern (KSU) reported 6.1% carload traffic gains.
Why BNSF’s Operating Margin Slumped in 3Q16
Along with BNSF, other Class I railroad companies’ operating margins have been in focus in recent quarters amid weak industry fundamentals.
Kansas City Southern: Lowest Gainer in Week 41 Rail Traffic
In Week 41, Kansas City Southern (KSU) posted a 2.4% YoY (year-over-year) decline in carload traffic.
Did Coal Push Up Canadian Pacific’s Carloads in the 10th Week?
Canadian Pacific’s (CP) total carloads rose a marginal 0.9% in the week ended March 11, 2017.
US Rail Traffic Tumbles along with Canadian and Mexican Peers
US railcar (TRN) traffic fell by 5.3% to ~262,000 units, as compared to nearly 287,000 units in the week ended July 25, 2015.
Canadian Pacific Railway: A Summary of Freight Traffic in Week 18
Canadian Pacific Railway’s (CP) total carloads rose 12.4% in the week ended May 6, 2017.
Kansas City Southern: Trailer Volumes Drive Intermodal Growth
In the week ended April 1, 2017, KSU reported a year-over-year rise of 10% in its overall intermodal traffic.
A Rise in Coal Volumes Failed to Lift Canadian Pacific’s Carloads
Canadian Pacific (CP) registered a 3.9% fall in total railcars in the week ended November 12, 2016.
Canadian Pacific Railway: Inside the Freight Volumes in Week 15
Canadian Pacific Railway’s (CP) total carloads rose 6.1% in the week ended April 15, 2017.
Mexican and US Rail Traffic in the Red Zone
The Association of American Railroads has published the North American freight rail data for the week ended October 8, 2016.
Canada and US Freight Rail Traffic Pulls ahead of Mexico
In the eighth week, US rail traffic rose a marginal 0.1% YoY to ~521,000 railcars, as compared to ~521,000 railcars one year previously.
What Boosted Canadian Pacific’s Railcar Traffic in Week 2
Canadian Pacific’s railcar traffic Calgary-based Canadian Pacific Railway (CP) posted a marginal gain of 0.6% in its carload traffic in the week ended January 13, 2018, from 29,000 carloads in the week ended January 14, 2017, to 29,300 units. The company’s volume growth was in tune with that of US railroads but contrasted with the decline […]
Coal’s Rise Pushed Up Canadian Pacific’s Carloads in Week 16
Canadian Pacific Railway’s (CP) total carloads rose 14.0% in the week ended April 22, 2017. The company hauled more than 33,000 railcars that week.
Why Did Canadian Pacific’s Carloads Fall in the Week Ending July 9?
Canadian Pacific (CP) registered a fall of 6.8% in total railcars in the week ended July 9, 2016.
What Led to the Fall 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 21, 2017, CP reported a fall of 2.5% in overall intermodal traffic. Intermodal data indicates that the fall was due to a drop in its international intermodal business, where volumes fell […]
US and Canadian Rail Traffic Fell
In the week ended May 7, 2016, total US railcars went down by ~233,000, a double-digit fall of 15%.
Carloads Fall, US Rail Freight Traffic Stalls in Week 46
In this series, we’ll look at US rail freight traffic during Week 46 of 2017.
Norfolk Southern: Is Canadian Pacific Heading for a Proxy Fight?
On December 23, 2015, Norfolk Southern (NSC) rejected a third proposal from Canadian Pacific (CP) in the latter’s bid to acquire Norfolk Southern.
Reading US Class I Railroads’ Recent Stock Buybacks
In 1H17, Union Pacific (UNP) repurchased common stock worth $1.6 billion, compared with $1.2 billion in 1H16. Its FCF was lower in 1H17 YoY.
CSX’s Increased Operating Efficiency Leads to Improved Margins
CSX’s operating expense declined by 13%, or $301 million, from 4Q14. The decline was mainly due to lower labor, fuel, materials, and other expenses.
What Is CSX’s 2016 Outlook?
In the first quarter of 2016, CSX saw a 5% decline in overall volumes. The management anticipates a marginal decline in volumes and overall earnings for 2016 compared to 2015.
Canadian National’s Carloads: What’s Offsetting the Coal Decline?
In the week ended January 7, 2017, CNI’s overall volumes rose 1.8% YoY. Railcar volumes rose to ~57,000 units from ~56,000 units in the first week of 2016.
Analyzing Norfolk Southern’s Rail Traffic Performance in Week 14
Norfolk Southern’s (NSC) rail freight traffic grew 3% YoY in Week 14 to 154,293 railcars from 149,798 railcars.
Why is Canadian National’s Valuation Gap Narrowing against Peers?
The slowdown in the Canadian and US economies, coupled with dull growth in manufacturing output in the US, weakened Canadian National’s (CNI) freight-hauling prospects going forward.
Despite Coal Downfall, Canadian National’s Carloads Kept Soaring
In 2017, Canadian National (CNI) has clearly emerged as the front runner in terms of YoY (year-over-year) carload growth among Class I peers.
Kansas City Southern: Chemicals and Petroleum Shine in 1Q16
For Kansas City Southern’s (KSU) Chemicals and Petroleum division, the chemical revenues in 1Q16 were $117.3 million, up by 2% on a year-over-year basis.
Why Did Kansas City Southern’s Intermodal Revenues Fall in 1Q16?
Kansas City Southern’s intermodal revenues in 1Q16 fell to $85.1 million from $95.0 million in 1Q15. This represents a fall of 10% on a year-over-year basis.
Canadian Pacific Railway expects earnings to grow 30%
In October, Canadian Pacific Railway (CP) announced new growth targets and said it expects to more than double its diluted earnings per share (or EPS) over the next four years.
Canadian Pacific pushes for rail-sector consolidation
In October, Canadian Pacific Railway (CP) said it has ended discussions with CSX Corporation (CSX), the largest railroad in the eastern United States, about a possible business combination.
Norfolk Southern Impresses in the Third Quarter, Stock Up 2.5%
Norfolk Southern (NSC) announced its Q3 earnings this morning. NSC’s adjusted EPS of $2.52 beat the analysts’ estimate of $2.44 by 3.1%.
Union Pacific Fell Over 2% on Rating Downgrade from Barclays
Union Pacific stock (UNP) fell 2.4% on June 13 after Barclays (BCS) lowered its recommendation on the stock from “overweight” to “equal weight.” Barclays analyst Brandon Oglenski believes that the earnings estimate for Union Pacific doesn’t reflect the slower demand environment.
What Could Hurt Union Pacific and Its Peers in Q2?
Analysts expect lower revenue growth to hurt Union Pacific’s bottom-line results. They expect the company to report revenues of $5.63 billion.
US Rail Traffic Volumes Fell for the 20th Straight Week
US railroad companies’ traffic volume fell for the 20th consecutive week in Week 23, which ended on June 8. Norfolk Southern (NSC) saw the biggest drop of 9.7%. Will US railroad companies’ traffic volume continue to fall?
More Railroads Implemented PSR to Enhance Efficiency
Most railroad companies have implemented the PSR system to optimize their assets and maintain a strict service plan.
Canadian National’s Rail Traffic Grew on Higher Carload Volumes
Canadian National Railway (CNI) registered a 1.3% YoY (year-over-year) improvement in its overall rail traffic in Week 19.
What Drove Canadian National’s Rail Traffic Higher?
Canadian National Railway (CNI) recorded a 1.9% YoY (year-over-year) improvement in its overall rail traffic in Week 17.
What’s Ahead for Canadian Pacific Railway Stock?
Canadian Pacific Railway (CP) stock has risen ~23.4% YTD, outperforming the broader market as of April 23.
What to Expect from Canadian National Railway’s Q1 Earnings
Canadian National Railway (CNI) is scheduled to release its first-quarter results on April 29.
What Drove Canadian Pacific’s Rail Traffic Higher in Week 15?
Canadian Pacific Railway (CP) recorded a 0.7% YoY (year-over-year) improvement in its overall rail traffic in Week 15.
Weak Intermodal Volumes Drag US Railroad Companies’ Traffic Down
On April 17, the Association of American Railroads reported that overall volumes for US railroad companies had fallen 1.2% in Week 15.
Where Union Pacific Stock Could Be Heading
Union Pacific stock (UNP) is up ~21% YTD as of April 11 and has outperformed the broader market.
Analyzing Canadian Pacific’s Rail Traffic Volumes in Week 13
Canadian Pacific Railway’s (CP) overall rail traffic fell 0.4% YoY to 54,879 railcars in Week 13 from 53,422.
Analyzing Canadian National’s Rail Traffic in Week 12
In Week 12, Canadian National Railway’s (CNI) total traffic volume fell 2.2% YoY (year-over-year) to 115,404 railcars from 117,990.
Union Pacific Reports a Double-Digit Decline in Carload Traffic
Union Pacific’s (UNP) rail traffic fell 9.4% YoY (year-over-year) to 150,914 railcars in Week 11.
Weak Intermodal Performance Hurt CSX’s Rail Traffic in Week 9
CSX’s (CSX) total rail traffic remained flat YoY (year-over-year) at 123,552 railcars in Week 9.
Norfolk Southern: Investors’ Industry Favorite in 2019
Norfolk Southern (NSC) has been investors’ industry favorite since the beginning of 2019. The stock has risen 21.3% YTD.
Norfolk Southern: Weak Carload Performance in Week 7
Norfolk Southern’s (NSC) rail freight traffic fell 3.4% YoY (year-over-year) in week 7. The company hauled 147,531 railcars during week 7.
CSX: Rail Traffic Growth Continued for the Second Week
CSX’s total rail traffic volumes rose 1% YoY to 122,833 units in week 7. The company’s rail volumes improved for the second consecutive week.
Weakness in US Rail Traffic Persisted for the Fourth Week
On February 21, the AAR reported that the overall rail traffic volumes for US rail carriers (IYT) fell 3% in week 7.
US Rail Traffic Improves Slightly, Downtrend Stabilizes in Week 6
After registering a decline for two consecutive weeks, US rail companies recorded a slight improvement in freight rail traffic in Week 6.
Norfolk Southern Rose Due to Bullish Operating Outlook
Norfolk Southern (NSC) shares rose more than 3% on February 11 after the company updated its long-term financial goals.
CSX’s Week 5 Rail Traffic Hurt by Weak Intermodal Performance
CSX’s (CSX) total rail traffic fell 11.9% YoY (year-over-year) to 110,216 railcars in Week 5 from the 125,057 railcars it moved in the same week last year.
NSC Had the Worst Traffic Performance among Peers in Week 5
Norfolk Southern’s (NSC) rail freight traffic plunged 11.9% YoY (year-over-year) in the fifth week of 2019, the most among all Class I railroad companies.
US Rail Traffic Downtrend Continued for a Second Consecutive Week
Freight traffic for US railroad companies fell for the second consecutive week, according to the Association of American Railroads.
What Drove Canadian National Railway’s Q4 Earnings Higher?
Canadian National Railway reported better-than-expected fourth-quarter results. The company’s quarterly revenues and EPS grew significantly.
Kansas City Southern’s Rail Traffic Weakness Persists
Kansas City Southern’s (KSU) rail traffic performance has stayed weak.
Weak Intermodal Growth Slows CP’s Total Traffic Growth
Due to weak intermodal traffic, Canadian Pacific Railway’s (CP) total rail traffic growth was much lower than rival Canadian National Railway’s (CNI) in Week 3.
Norfolk Southern’s Rail Traffic Uptrend Continues
In Week 3, Norfolk Southern’s (NSC) rail traffic volumes rose 10.5% YoY (year-over-year) to 153,801 units from 139,185, driven primarily by robust growth in carloads and intermodal units.
US Railroads’ Traffic Continues to Grow
US railroads’ traffic growth has continued. Association of American Railroads data shows that US freight rail traffic rose 6.9% year-over-year in Week 3 of this year.
