iShares US Industrials
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.
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.
BNSF’s Carloads Buck Industry Trend with 1.4% Rise
BNSF Railway (BRK-B) operates in the Western US in direct competition with Union Pacific (UNP).
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 the Dallas Fed report shows manufacturing continues to recover
The Dallas Fed conducts a monthly survey of manufacturers in Texas regarding their operations in the state to come out with the production index and the business activity index.
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 Honeywell’s Home & Building Technologies Did in Q2 2018
Honeywell International’s (HON) HBT (Home & Building Technologies) segment is its third-largest revenue contributor.
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.
How Does SWK Intend to Finance Its Newell Tools Acquisition?
~$1.3 billion of the purchase price will be funded by a combination of short-term and long-term debt.
Honeywell Stock since First-Quarter Earnings
Honeywell (HON) is set to announce its Q2 2018 earnings on July 20 before the market opens. Since Q1, the stock has risen 2.4%.
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.
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.
Emerson’s 2Q16 Earnings Up on Efficiency Gains, Lower Share Count
Emerson Electric (EMR) released its 2Q16 earnings before the Market opened on May 3, 2016. Emerson’s earnings release resulted in a price action of -1%, and the stock closed at $54.67 on the day of the earnings release.
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.
The Story behind Union Pacific’s Intermodal Volumes
Union Pacific hauled ~70,000 containers and trailers in the sixth week, which represents a YoY fall of 2.4%.
XPO’s Better-than-Expected 3Q16 Earnings Impress Markets
XPO Logistics (XPO) released its 3Q16 earnings on November 2, 2016, after markets closed.
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.
What’s General Electric’s Next Move?
There is significant pressure on General Electric’s (GE) management to come up with solutions quickly.
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.
Honeywell’s Short Interest Continues to Stay under 1%
The latest report on September 28 suggests that Honeywell’s short interest remained under 1% of the outstanding shares.
Canadian National Railway: Inside the Fall in Its Grain Revenues in 3Q17
In 3Q17, revenues from CNI’s Grain and Fertilizers segment fell 1.0% to $492.0 million Canadian, compared to $497.0 million Canadian in 3Q16.
These Commodities Pulled Down Norfolk Southern’s Shipments in Week 6
n the sixth week of 2018 (ended February 10), Norfolk Southern (NSC), a major Eastern US railroad, saw a 2.4% fall in its carload traffic.
UTX Sikorsky segment performance for 4Q14
The Sikorsky segment saw a major win from India’s navy, which placed an order for 16 S-70B Seahawk naval helicopters.
Gauging Canadian Pacific Railway’s Traffic Growth in Week 20
In Week 20 (ended May 19), Calgary-headquartered Canadian Pacific Railway (CP) reported a high single-digit rise in carload traffic.
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.
3M: Why Are Analysts Cautious?
Analysts’ consensus on 3M indicates a target price of $211.50, which implies a marginal gain of 0.5% over the closing price as of October 9.
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.
The Slack in the Labor Force Is Almost Out
The slack in the labor force has fallen significantly. The US economy has created a whopping ~4.5 million non-farm jobs since March 2014.
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.
Why Analysts Recommend ‘Hold’ for CHRW
Of the 22 analysts covering C.H. Robinson Worldwide (CHRW), four (18%) have recommended “strong buy,” three (14%) have recommended “buy,” 12 (54%) have recommended “hold,” and three (14%) have recommended “sell.”
Honeywell Fell 7.5% as Business Update Spooked Investors
On October 7, Honeywell (HON) stock fell 7.5% to $106.94. This was Honeywell’s biggest one-day drop since August 2011.
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.
Union Pacific: Which Commodities Led the Volume Slump in Week 37?
In the week ended September 16, 2017, it seems like Union Pacific’s (UNP) freight volumes were affected by Hurricane Harvey’s aftermath.
Why Did ROK Beat Analysts’ Fiscal 1Q17 Revenue Estimates?
For fiscal 1Q17, Rockwell Automation (ROK) reported ~$1.5 billion in consolidated sales compared to analysts’ expectations of ~$1.4 billion.
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.
Why the CFNAI Has Historically Led Overall Growth
There are no truly reliable measures of future growth. That said, certain economic statistics have historically led overall growth.
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.
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 Canadian Pacific Railway’s Freight Trends in Week 40
Canadian Pacific Railway (CP) reported a 3.8% gain in railcar volumes to ~33,000 units last week, compared with ~32,000 railcars in the same week last year.
How Did Union Pacific’s Intermodal Do Compared to BNSF Railway?
In the week ended August 20, 2016, Union Pacific’s intermodal traffic declined by 6.8% on a year-over-year basis.
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.
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.
Boeing Exceeds Analysts’ Q2 2018 Earnings Estimates, Stock Soars
Boeing, the world’s largest aerospace company, announced its second-quarter earnings results before the market opened on July 25.
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.
What’s the Rationale behind SWK-Newell Deal?
Stanley Black & Decker’s (SWK) record of harvesting synergies from its acquisitions is among the best.
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 […]
Understanding the Strong and Weak in Emerson Electric’s 4Q Results
Emerson Electric’s Industrial Automation and Process Management segments saw sales declines of 7% and 11%, respectively, in organic terms.
Comparing Norfolk Southern’s Carloads with US Railroads’ Volumes
Coal (CNX) formed 15% of NSC’s 3Q16 revenues, coming down from 23% in 2009.
Comparing Norfolk Southern’s Carloads
Norfolk Southern’s carloads In the eastern United States, Norfolk Southern (NSC) operates alongside CSX (CSX). In the week ended January 14, 2017—the second week of the year—NSC’s overall railcar volumes grew 7.5%. The number of railcars topped ~66,000, compared with 61,000 in the week ended January 16, 2016. Railcar volumes, excluding coal and coke traffic, rose […]
What does General Dynamics’ order backlog reflect?
General Dynamics’ total backlog grew from $45.9 billion at the end of 2013 and to $72.4 billion at the end of 2014. This was a whooping 58% increase.
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.
Canadian National’s Carloads versus Canadian Pacific’s
Canadian National’s carloads For the past few weeks, Canadian National Railway’s (CNI) carloads have been following a rising trend. In the week ended January 28, 2017, overall volumes rose 6.3% on a YoY (year-over-year) basis. In the same week, CNI’s railcar volumes rose to ~57,000 units from nearly 52,000 units in the comparable week of […]
Where Norfolk Southern’s Carloads Stand in the Industry Now
In the week ended February 25, 2017, NSC’s overall railcar volumes rose 3.6% to ~69,000 railcars.
Revenue Synergies Add to Attractiveness of the SWK-Newell Deal
The Newell tools (NWL) portfolio is comprised of two brands, Irwin and Lenox.
Which Commodity Groups Pulled Down Norfolk Southern’s Carloads?
Norfolk Southern’s carloads Norfolk Southern (NSC) and CSX (CSX) run a near duopoly in the eastern United States. In the week ended December 17, 2016, NSC’s overall railcars fell 6.4%. Total railcars were above 63,000, compared with ~68,000 in the corresponding week last year. Railcars, excluding coal and coke traffic, fell 11.2% that week on […]
A Close Look at Kansas City Southern’s Carloads
Kansas City Southern’s carloads In the week ended February 18, 2017, Kansas City Southern’s (KSU) total railcars rose 12.6% from the corresponding week of 2016. In the same week, KSU hauled over 25,000 railcars, compared with 22,000 units in the week ended February 20, 2016. Carloads other than coal and coke rose 8.9% YoY (year-over-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.
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.
Union Pacific: Has Hurricane Harvey Impacted Freight Volumes?
In the week ended September 2, 2017, Union Pacific (UNP) recorded a 12.7% fall in railcar traffic.
Rise in Non-Coal Volumes Limits Fall in Kansas City Southern’s Carloads
In the week ended September 3, 2016, Kansas City Southern’s (KSU) total railcars fell by 0.75% compared with the corresponding period in 2015.
Kansas City Southern’s Carloads: Unfazed by Coal Volume Slump
In the week ended December 10, 2016, Kansas City Southern’s (KSU) total railcars rose 1.7% compared to the corresponding period in 2015.
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.
Canadian Pacific: Intermodal Leads Volume Growth in Week 13
Canadian Pacific Railway’s (CP) carload traffic fell 2.1% YoY (year-over-year) in Week 13 of 2018, to ~33,800 carloads from ~34,500.
Why Parker-Hannifin Shares Rose 4.6% on August 4
Parker-Hannifin (PH), a leading manufacturer of motion and control technologies, declared its 4Q16 earnings on August 3, 2016.
How Higher Coal Volumes Are Lifting Up Norfolk Southern
In the week ended February 11, 2017, NSC’s overall railcar volumes rose 4.8%, reaching around 67,000 railcars.
Inside US Truckload Carriers’ Valuations after 3Q17 Earnings
Landstar System (LSTR) has the highest EV-to-forward-EBITDA multiple of 14.1x, followed by JB Hunt Transport Services (JBHT).
Union Pacific: What Led to the Decline in Freight Volumes in Week 34?
In the week ended August 26, 2017, Union Pacific (UNP) registered a 2% decline in its overall railcars.
Is Union Pacific Lagging behind BNSF in Intermodal Growth?
In the week ended April 1, 2017, Union Pacific (UNP) hauled nearly 71,000 containers and trailers, compared to ~68,000 units in the corresponding week in 2016.
Kansas City Southern: Week 29’s Lowest Gainer in Volume Growth
Kansas City Southern (KSU), the smallest US Class I railroad company, reported the lowest weekly gains in total rail traffic in Week 29.
Norfolk Southern’s Carloads Compared to the Industry
In the week ended December 10, 2016, Norfolk Southern’s railcars fell 4.2%. Total railcars were 66,000 compared to 69,000 in the corresponding week last year.
Union Pacific: Intermodal Rise Limits Fall in Railcars in Week 36
Union Pacific (UNP) reported lower freight volumes due to the impact of Hurricane Harvey.
Why US Stocks Appear Unattractive
US stocks appear unattractive despite the recent correction. A stronger dollar (UUP) and a slowing world has negatively affected large-cap earnings.
US Rail Traffic Saw Low Single-Digit Growth in Week 25
In Week 25, US rail carriers’ total rail traffic, including intermodal, expanded 3.7% YoY, hauling 557,300 railcars compared to 537,300.
How Mexican Markets Are Rolling with Trump’s Anti-Trade Rhetoric
Markets seem to have overcome Trump’s anti-trade rhetoric by this point in 2017, given the lost confidence in Trump’s ability to implement his promises.
Kansas City Southern’s Carloads Rolled against the Tide, Up 7.2%
In the week ended November 12, 2016, Kansas City Southern’s coal and coke railcar units fell 6%.
XPO Logistics–Home Depot Marriage Proposal: What Analysts Think
Oppenheimer analysts are skeptical about the HD-XPO deal materializing since XPO’s last-mile logistics business revenue is just 6% of its total revenue.
Restructuring, Margin Improvements Save the Day for Emerson Electric’s Latest Results
The consensus estimate for Emerson Electric’s adjusted EPS was $0.89, but the company posted adjusted EPS of $0.96, which is 3.2% higher than in 4Q15.
Why Norfolk Southern’s Carloads Increased
Norfolk Southern’s carloads In the eastern United States, Norfolk Southern (NSC) operates alongside CSX (CSX). In the week ended January 21, 2017, NSC’s overall railcar volumes grew 16.3%. The number of railcars topped 69,000, compared with ~60,000 in the week ended January 23, 2016. Railcar volumes, excluding coal and coke traffic, rose 9.6% in the reported […]
Union Pacific’s Trailer Volumes Fall More than BNSF’s
In the week ended June 18, 2016, Union Pacific’s (UNP) overall intermodal traffic fell by 4.2% compared to the corresponding period in 2015.
Why Kansas City Southern’s Carloads Jumped
In the week ended March 11, 2017, Kansas City Southern’s (KSU) total railcars rose 21% from the corresponding week of 2016.
Raytheon’s Missile Systems Segment’s Financial Performance
Raytheon’s Missile Systems segment had good growth in 4Q14. For the quarter, the net sales were $1,719 million. The net sales were up 5% YoY.
Has Emerson Ever Returned Excess Returns over Cost of Capital?
Emerson’s excess returns have varied from 3.3%–10.3% in the 15-year period of 2000–2015. The average excess return from 2011–2015 is 5.4%.
Comparing Norfolk Southern’s Carloads with Industry Volumes
In the week ended December 3, 2016, NSC’s overall railcars witnessed a minor rise of 0.7%. The total railcars rose to ~69,000 in the same week against 68,000-plus units in the corresponding week in 2015.
How Do Norfolk Southern’s Carloads Compare to Other US Railroads?
In the week ended January 7, 2017, NSC’s overall railcar volumes fell 6.6%. Total railcars topped 56,000, as compared to 60,000 one year previously.
Norfolk Southern’s Carloads: Coal Could Be Bouncing Back
In the week ended February 4, 2017, NSC’s overall railcar volumes grew 8%.
Who Are Old Dominion’s Biggest LTL Competitors Today?
Old Dominion’s peer group includes LTL companies that compete in the national and regional marketplace. The company also competes with some US railroads.
Emerson Electric Looks Cheap after Its 3Q16 Results
Emerson Electric (EMR) released its fiscal 3Q16 earnings after the Market opened on August 2, 2016. It resulted in a negative price action of 4.9%.
Emerson Electric Finds Buyers for Its Underperforming Businesses
Hours before its 3Q16 earnings release, Emerson Electric (EMR) announced that it has found buyers for its Network Power and Industrial Motors businesses.
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.
Why Mexico’s Manufacturing Activity Is Decelerating
Mexican markets may be starting to overcome Trump’s anti-trade rhetoric in 2017.
BNSF: The Largest US Class I Railroad
Burlington Northern Santa Fe (or BNSF) owns and operates the largest rail network in North America. The company manages ~32,500 route miles of track.
Stay tuned for this must-know manufacturing report this week
Since the manufacturing sector is a major source of cyclical variability in the economy, this report has a big influence on markets.
Why follow employment Friday and other key jobs releases?
These releases provide guidance on the course of the economy, and they’re crucial to understanding the financial health of the economy.
Understanding Union Pacific’s Share Repurchases in the Face of Rising Stock in 1Q16
Union Pacific’s (UNP) stock price has risen by 14.6% since the beginning of 2016, but the company continued its share repurchase program in 1Q16.