Genesee & Wyoming Inc.
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.
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.
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.
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.
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.
CSX Intermodal Volumes Increase on Domestic Shipments
CSX’s (CSX) Intermodal division provides an alternative to transporting freight on highways using trucks. It reported revenues of $446 million in 4Q15 compared to $465 million in 4Q14.
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%.
Analyzing GWR’s European Carloads in February 2017
Genesee & Wyoming’s (GWR) European carloads remained unchanged YoY (year-over-year) in February 2017.
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.
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.
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.
Carload Gains Drive BNSF Railway’s Traffic in Week 23
In Week 23, Western US major rail carrier BNSF Railway’s (BRK.B) carload traffic, excluding intermodal, rose 10.2% YoY (year-over-year) to ~103,600 railcars from ~94,000.
Why Genesee & Wyoming’s European Carloads Rose in November
Genesee & Wyoming’s (GWR) European carloads rose marginally 0.60% in November 2016. In the same period last year, GWR hauled 99,000 railcars.
How Norfolk Southern’s Shipments Trended in Week 9
In the week ended March 3, 2018, Norfolk Southern saw a ~2% fall in carload traffic. It hauled ~67,700 carloads in the week.
Reviewing GWR’s European Carloads in April 2017
Genesee & Wyoming’s (GWR) European carloads fell 9.1% YoY (year-over-year) in April 2017. GWR’s other-than-coal carloads fell 8.2% on a YoY basis in April 2017.
Union Pacific: How Its Railcar Traffic Trended in Week 7
In the seventh week of 2018, Union Pacific (UNP) registered a 5.2% expansion in intermodal traffic.
Inside GWR’s European Carload Rise in January
Genesee & Wyoming’s (GWR) European carloads rose 11.2% YoY in January 2017.
Trends behind Genesee & Wyoming’s European Carloads in August 2017
Genesee & Wyoming saw its coal (ARLP) and coke railcars fall 63% in August 2017.
How CSX’s Intermodal Volumes Compared in Week 13 of 2017
In the week ended April 1, 2017, CSX’s total intermodal traffic increased to 9.5%.
How Major US Rail Stocks Behaved following Trump’s Victory
In this short series, we’ll focus on how major US rail stocks have reacted to Donald Trump’s winning the US presidential election.
Why is CSX Getting Revalued by the Market?
CSX’s current PE (price-to-earning) ratio is at 18x, compared to the S&P 500 at 19.1x. Overall, the company is expected to grow by 5% over the next two years.
How Did Major US Railroads Fare in 1Q16?
The last day of April was the end of all major US railroads’ 1Q16 earnings season. A railroad’s health is a true mirror of the economic activities in a country.
Why Genesee & Wyoming Expects Lower Operating Margin in 1Q16
Genesee & Wyoming (GWR) operates on a lower operating margin. GWR’s North American operating margins are relatively higher compared to its Australian and European operations.
Will Kansas City Southern Beat 1Q16 Earnings Estimates?
Analysts are expecting Kansas City Southern’s (KSU) GAAP EPS to be $0.98 per share for 1Q16.
What to Expect from Canadian Pacific’s 1Q16 Results
Canadian Pacific Railway (CP) will report its 1Q16 financial and operating results before the US market opens on April 20, 2016.
GWR Rose 9% Due to Acquisition Deal with Brookfield and GIC
Genesee & Wyoming (GWR) shares rose 9% on July 1. The company announced its acquisition by a consortium of two infrastructure investment firms.
J.B. Hunt: Truckload Segment’s Third-Quarter Revenues
The Truck segment’s revenues expanded 14% in the third quarter to $106.0 million from $93.0 million in the third quarter of 2017.
How Railroads’ Free Cash Flow Stacks Up
Free cash flow (or FCF) is an important metric in the railroad (FXR) industry.
Unfolding Genesee & Wyoming’s Europe Traffic Slump in August
In August, Genesee & Wyoming’s (GWR) rail traffic in Europe reported a 1.8% year-over-year decline.
Genesee & Wyoming’s Rail Traffic Growth Compared to Its Peers
On August 13, Genesee & Wyoming (GWR), the largest short line rail operator in the United States, released its rail freight data for July.
Are US Railroads Poised for Higher Dividend Growth in 2018?
The second quarter was good for railroad stocks from an earnings point of view. Most railroads surpassed adjusted earnings estimates.
Week 23: US Rail Freight Traffic Rides High on Intermodal Gains
On June 13, the AAR (Association of American Railroads) released its rail freight data for the week prior (ended June 9), or Week 23.
Week 22: US Rail Freight Traffic Continues on the Growth Path
On June 6, the Association of American Railroads published its weekly rail freight data for the week that ended on June 2, or Week 22.
2018 Is ‘Promising,’ Says Norfolk Southern, Ups Stock Buyback
Eastern United States rail freight giant Norfolk Southern (NSC) announced its Q1 2018 earnings today.
How GWR’s North American Carloads Trended in February
In February 2018, Genesee & Wyoming’s (GWR) North American carloads expanded 0.3% YoY (year-over-year) on a reported basis.
How Genesee and Wyoming’s Carloads Trended in February
Major US rail stocks (BRK.B) (UNP) are poised to rise a lot in 2018 due to an improved environment for coal.
US Tax Code Gains Boost Canadian Pacific’s 4Q17 Earnings
On January 18, 2018, Canadian Pacific Railway announced its 4Q17 results. The company beat estimates for the quarter, posting adjusted earnings per share of 3.22 Canadian dollars.
How Wall Street Views CSX ahead of Its 4Q17 Earnings
In this part of our series, we’ll go through analysts’ opinions on CSX (CSX) and its peers ahead of the upcoming 4Q17 earnings release.
Chart in Focus: Major US Railroads’ Valuations after 3Q17 Earnings
Canada’s largest freight rail, Canadian National Railway (CNI), has the highest EV-to-forward-EBITDA ratio in the peer group with a multiple of 11.8x.
The US Railroad with the Highest Capital Expenditure in 9M17
Worldwide rail operator Genesee & Wyoming (GWR) has the lowest capex ratio of 9.1% in the peer group.
Coal Production Rebounded in Week Ended November 4
The week ended November 4 witnessed an increase of 3.9% in coal production, from 14.5 mmst (million short tons) in the previous week to 15.0 mmst.
Genesee & Wyoming: Its North American Freight Trends in October
In October 2017, Genesee & Wyoming recorded a slight fall of 1.7% in its North American freight traffic YoY (year-over-year).
Coal Production Fell during the Week Ending October 28
The week ending October 28 witnessed a fall of 3.1% in coal production from 14.9 million short tons in the previous week to 14.5 million short tons.
Behind Genesee & Wyoming’s Rising North American Revenues in 3Q17
Genesee & Wyoming’s North American revenues contribute ~55.0% of its overall operating revenues. In 3Q17, North American revenues totaled $318.9 million.
Canadian National Railway Meets 3Q17 Estimates, Stock Rose 1.7%
On October 24, Canadian National Railway (CNI) released its 3Q17 results. CNI posted adjusted earnings per share of $1.31 Canadian, just short of the analyst estimate of $1.32 Canadian.
Coal Production Fell Marginally Last Week
Coal is an important commodity for railway companies such as Union Pacific (UNP) and Genesee & Wyoming (GWR).
GWR’s European Freight Volumes Fell in September 2017
Genesee & Wyoming’s intermodal volumes fell by more than 2,300 carloads or ~3% in September this year due to reduced volumes in Continental Europe.
Will CSX Manage to Beat Analysts’ Earnings Estimate in 3Q17?
On a sequential basis, CSX’s adjusted EPS is expected to fall 12% in 3Q17.
How US Railroad Stocks Have Fared after Their 2Q17 Earnings Results
The sharp upward trend in railroad stocks began after the 1Q17 results. But after the 2Q17 earnings announcements, momentum has cooled down.
US Railroads: Have the Hurricanes Affected Their Valuation?
US railroads In 2017, US railroads’ top lines have seen upward momentum for two consecutive quarters, led by higher volumes and pricing gains for some of the commodities they haul. This gain boosted their earnings. Many railroads posted decent year-over-year increases in their per-share earnings. Could the momentum continue? Forward price-to-earnings ratios A company’s forward PE […]
Why Genesee & Wyoming’s North American Volumes Fell in August
In August 2017, GWR posted a marginal fall of 1.6% in its North American shipments year-over-year.
Which US Railroad Had the Highest Capital Expenditure in 1H17?
Now, we’ll examine the capital expenditure of these major US railroads in 2Q17.
How US Railroads’ Operating Margin Growth Stacked Up in 2Q17
The 2Q17 operating margin for Norfolk Southern (NSC) was 33.7%, up 230 basis points from 31.4% in the same quarter last year.
How Genesee and Wyoming’s Volumes Trended in July 2017
In July 2017, Genesee and Wyoming recorded a slight decline in its North American traffic YoY (year-over-year).
Canadian Pacific Railway’s Freight Traffic Was a Mixed Bag in Week 32
Canadian Pacific Railway (CP) is the second largest freight rail in Canada.
Why Wall Street Has a ‘Buy’ Mandate for Genesee & Wyoming
There are 12 analysts covering Genesee & Wyoming (GWR) stock. Of those, five analysts (or 42.0%) have a “strong buy” opinion on the stock.
Genesee & Wyoming’s North American Revenues in 2Q17
In 2Q17, GWR’s North American revenues were $315.7 million, a 3.6% rise from $304.6 million in the same quarter last year.
What Led to the Solid Jump in CSX’s Coal Revenues in 2Q17?
In this article, we’ll take stock of CSX’s (CSX) coal revenues in 2Q17.
How Has Canadian National Railway Stock Performed So Far?
Since the beginning of 2017, railroad stocks have risen, riding on better energy commodity prices, and Canadian National Railway (CNI) is the talk of the town.
Comparing CSX’s Intermodal Volumes with NSC in Week 23
In the week ended June 10, 2017, CSX’s (CSX) intermodal volumes rose 3.9%.
CSX: Comparing Its Intermodal Traffic with the Industry in Week 18
In recent weeks, CSX’s (CSX) intermodal traffic has been almost flat. In the week ended May 6, 2017, its intermodal volumes fell 2%.
CSX: Despite a Trailer Slump, Intermodal Volumes Rose in Week 17
CSX’s intermodal volumes In recent weeks, CSX’s (CSX) intermodal traffic has been almost flat. In the week ended April 29, 2017, its intermodal volumes rose 3%. Overall intermodal volumes reached 54,000, compared with 53,000 units in the week ended April 30, 2016. Trailer volumes stood at 1,900 units, 5.4% lower than last year. In the […]
Did CSX’s Intermodal Volumes Align with the Industry’s Last Week?
In recent weeks, CSX Corporation’s (CSX) intermodal traffic was almost flat. In the week ended April 22, 2017, its intermodal volumes fell 2.3%.
Why a Majority of Analysts Advise a ‘Buy’ on CSX
Of the 29 analysts covering CSX, seven have issued a “strong buy,” 11 advise a “buy,” and ten analysts suggest a “hold” on the stock. Only one analyst issued a “sell” opinion on CSX stock.
Does the Rise in CSX’s 1Q17 Coal Revenues Signal Recovery?
CSX’s coal volumes rose to 205,000 units in 1Q17, up 3% from 200,000 units in 1Q16.
CSX’s Intermodal Traffic Compared to the Industry in Week 15
In recent weeks, CSX’s (CSX) intermodal traffic was almost flat. In the week ended April 15, 2017, its intermodal volumes fell 0.20%.
Analyzing Genesee & Wyoming’s European Carloads in March 2017
Genesee & Wyoming’s (GWR) European carloads rose to 9.0% YoY (year-over-year) in March 2017.
Comparing CSX’s Intermodal Volumes in Week 14 of 2017
In recent weeks, CSX’s (CSX) intermodal traffic was almost flat. In the week ended April 8, 2017, its intermodal volumes rose to 0.50%.
Canadian Pacific Railway: Overall Freight Traffic in Week 14
Canadian Pacific Railway’s (CP) total carloads rose to 5.0% in the week ended April 8, 2017.
Did CSX’s Intermodal Volumes Fall in Line in Week 11?
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%.
Why Genesee and Wyoming’s Australian Revenue Rose in 4Q16
Genesee and Wyoming’s (GWR) Australia operations cover rail freight services in New South Wales, the Northern Territory, and South Australia.
Strong Volumes Drive Genesee and Wyoming’s North American Revenue
Genesee and Wyoming’s (GWR) nine North American regions serve 41 US states and four Canadian provinces.
Should Dividend Investors Look at Major US Railroads?
In recent years, major US railroads have initiated stock buyback programs to return cash to shareowners.
Railroads’ Capital Expenditure in 3Q16: Who Spent More?
Among the major railroads, Kansas City Southern (KSU) and Canadian National Railway (CNI) have the highest capital expenditure as a percentage of revenue.
Global Oversupply Pulls Down CSX’s Coal Revenues in 3Q16
CSXs’ coal revenues fell to $467.0 million in 3Q16. Revenues fell 20% from $583.0 million in 3Q15.
Here Are Some Reasons Analysts See UNP as a ‘Buy’
Out of 28 analysts covering Union Pacific’s stock, 17 analysts (or 60.7%) have a “buy” recommendation, nine analysts (32.1%) advised investors to “hold” UNP’s stock, and two analysts (7.2%) recommend a “sell” opinion.
Why Kansas City Southern’s Valuation Is Best in Its Class
Earlier, we discussed the near-term business environment for Kansas City Southern (KSU). Now, let’s look at KSU’s relative valuation using its forward price-to-earnings ratio.
Major US Railroads Through the Eyes of Analysts
Norfolk Southern has a Wall Street analyst consensus rating of 3.46, or “hold.” Out of 28 analysts, eight gave it a “buy,” and 19 gave it a “hold.”
Understanding the Leverage of Major US Railroads
US railroads need lots of capital to maintain their levels of services while investing in tracks, rolling stock, locomotives, and other rail assets.
Which US Railroad Was in the Revenue Fast Lane in 2Q16?
Not a single US Class I railroad was able to grow its revenues in 2Q16. Despite its Freightliner acquisition, not even Genesee & Wyoming could grow revenue.
How Much Did Kansas City Southern Return to Shareholders in 2Q16?
In the first half of 2016, KSU repurchased 2.9 million shares totaling $253.4 million.
Why Did Union Pacific’s 2Q16 Automotive Revenues Slump?
United Pacific (UNP) reported a 1.0% decline in its automotive revenues in 1Q16 compared to 1Q15.
Slow Retail Demand Pulls Down Union Pacific’s 2Q16 Intermodal
In this part of the series, we’ll take a look at the largest contributor to UNP revenues: the intermodal business. We’ll see why its revenues in 2Q16 declined.
What Are Analysts’ Recommendations for Major US Railroads?
Of the 26 analysts who gave recommendations for Canadian National Railway, six analysts gave it a “buy,” 20 gave it a “hold,” and no analysts gave it a “sell.”
How BNSF’s Leverage Compares to Peers in 1Q16
BNSF’s (BRK-B) leverage (total debt) on March 31, 2016, was ~$21.5 billion, almost flat compared to 4Q15.
CSX’s Intermodal Traffic Declines on Par with Rival NSC
Railroads are four times more fuel efficient than trucks, and the driver shortage in trucking is meanwhile fueling intermodal growth.
Freightliner Acquisition in March 2015 Boosted GWR’s 1Q16 Revenue
GWR’s 1Q16 revenue rose 21.6% to $482.6 million compared to $397.0 million in 1Q15.
How Is Genesee & Wyoming Valued in Its Peer Group?
Genesee & Wyoming (GWR) was the worst-hit rail stock in its peer group in 2015. If you look at the last year, the company has fallen by roughly 32%
Why Are Analysts Expecting Union Pacific’s Revenue to Fall in 2016?
For Union Pacific (UNP), Wall Street analysts project revenue of $4.9 billion in 1Q16—a double-digit fall of 12.4% compared to the same period last year.
How Much Did CNI’s Coal and Coke Carloads Fall?
For the week ended March 12, 2016, CNI’s total railcar units fell in accordance with the fall in total US and Canadian railcar traffic.
How Canadian National Railway is Leveraged against Its Peer Group
In 2016, Canadian National’s debt maturities are pegged at $1.4 billion Canadian. However, the company expects fewer maturities compared with 2016 for the next three years.
Could US Grain Dampen Canadian Pacific’s Freight Spirits?
Canadian Pacific’s US grain business contributed to about 8% of its total freight revenues in 2015.
Understanding Canadian National’s Intermodal Business
Canadian National operates 21 intermodal terminals across Canada and the US. CNI’s intermodal comprises two segments: International and Domestic.
Assessing Canadian National through Porter’s Five Forces
In this part, we’ll do a Porter’s Five Forces check for Canadian National (CNI). The threat of new entrants is relatively low for CNI. The railroad industry is extensively capital intensive, with maintenance capital spending accounting for the highest share.
Could CP’s Domestic Intermodal Freight Business Thrive in 2016?
Canadian Pacific’s (CP) domestic intermodal business includes diverse industries.
Why Is Genesee & Wyoming’s Valuation Low Compared to Peers?
Genesee & Wyoming (GWR) has fallen almost 40% in the past year. The company had a net debt-to-EBITDA multiple of 3.7x at the end of December 2015.
Why Union Pacific’s Industrial Products Division Fell in 3Q15
The revenue for Union Pacific’s (UNP) industrial products division fell by 16% to $979 million in 3Q15 compared to $1.2 billion in 3Q14.
Union Pacfic’s Chemicals Division Fell due to Weak Pricing
Union Pacific’s (UNP) chemicals division reported $905 million in revenue in 2Q15. This accounts for ~18% of the total freight revenue.
Union Pacific: 2015 Growth Strategy Relies on Capex
Union Pacific is moving toward an agile and focused cost structure, higher productivity, improved network performance, and greater safety measures to keep losses to a minimum.