Norfolk Southern Corp
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FedEx Stock Is Finally Gaining Momentum: Here’s Why
FedEx stock, which has been plagued by back-to-back dismal quarterly performances and US-China trade war uncertainty, is making a turnaround.
FedEx Stock Soars on US-China Trade Deal Optimism
FedEx stock soared yesterday on hopes of a US-China trade deal after US commerce secretary Wilbur Ross said the two sides are “making good progress.”
Trade War Concerns Send FedEx and UPS Stocks Lower
FedEx (FDX) and UPS (UPS) stocks fell drastically on Thursday due to renewed trade war concerns. China is concerned about reaching a trade deal with the US.
Norfolk Southern Stock Fell, Earnings Missed Estimates
On Wednesday, Norfolk Southern (NSC) stock fell nearly 6% after its second-quarter earnings missed the estimates.
Will Norfolk Southern’s Earnings Boost Its Share Price?
Norfolk Southern will report its second-quarter earnings results on Wednesday. The company is expected to report an adjusted EPS of $2.79.
Kansas City Southern Outshines Its Peers in Q2
Kansas City Southern (KSU) stock opened nearly 3% higher on Friday after reporting better-than-expected second-quarter results.
Union Pacific Posts Strong Q2 Results, Peers Struggle
Union Pacific reported strong second-quarter bottom-line results. The second-quarter results beat analysts’ expectations.
CSX Posts Dismal Q2 Earnings, Sluggish Fiscal Outlook
On Wednesday, CSX (CSX) stock was trading 7% lower in the pre-market trade. The company reported dismal second-quarter results.
Canadian Pacific Posts Record Q2 Earnings, US Peers Struggle
On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company’s top and bottom lines touched a record mark.
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.
Rail Traffic Volume Could Hurt CSX and Its Peers in Q2
On Tuesday, CSX (CSX) is scheduled to report its second-quarter earnings results. Analysts expect the company to report an adjusted EPS of $1.11.
Lower Volumes Could Hurt US Railroads’ Revenue Growth in Q2
US railroads’ freight volume declined 5.5% YoY to 533,164 railcars in the week ended on June 29.
Norfolk Southern’s Rail Traffic Performance in Week 24
Norfolk Southern’s carload traffic fell 3.7% YoY to 68,193 railcars from 70,785 railcars. The carload volumes, excluding coal and coke, fell 3.5% YoY to 48,240 units.
Norfolk Southern: Highest Rail Traffic Decline in Week 23
Norfolk Southern’s (NSC) rail traffic fell 9.7% year-over-year in Week 23. The company hauled 141,742 railcars during the week. Norfolk Southern recorded the highest fall among railroad companies.
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.
How Norfolk Southern’s Rail Traffic Trended in Week 22
Norfolk Southern’s (NSC) rail traffic fell 6.6% YoY (year-over-year) in Week 22. The company hauled 134,437 railcars during the week.
Analyzing Norfolk Southern’s Rail Traffic Trend in Week 21
Norfolk Southern’s (NSC) rail traffic fell 6.7% YoY (year-over-year) in Week 21.
Strong Carload Drove Norfolk Southern’s Rail Traffic Higher
Norfolk Southern’s (NSC) rail traffic grew 0.6% YoY (year-over-year) in Week 20. The company hauled 156,347 railcars during the week.
US Rail Traffic Fell in Week 20 Due to Intermodal Weakness
Canadian railroad companies’ traffic rose 0.6% YoY to 155,470 units. The carload traffic grew 2.7% YoY to 85,865 railcars in Week 20.
Railroad Stocks: Analysts Don’t See Much Upside Potential
The analysts polled by Reuters have provided a bullish recommendation for most of the Class I railroad companies.
Railroad Stocks Have Outperformed in 2019
So far, railroad stocks have made a remarkable run in 2019. Most of the railroad stocks have outperformed the broader market returns.
Railroads Continued Aggressive Shareholder Return Policy
Union Pacific (UNP) had been paying a regular quarterly dividend for 120 consecutive years.
Cost-Cutting Initiatives Boosted Railroads’ Operating Ratio
Most US railroad companies registered an improvement in their operating ratio—a key metric to measure operational progress.
What Hurt Railroads’ Q1 Revenue Growth?
Most of the US railroad companies have reported sluggish revenue growth due to lower rail traffic volume during the first quarter.
Railroad Stocks: Q1 Earnings Beat the Estimates
Union Pacific’s (UNP) first-quarter EPS grew 15% YoY to $1.93 and beat analysts’ estimate of $1.89.
How Norfolk Southern’s Rail Traffic Trended in Week 19
Norfolk Southern’s (NSC) rail traffic inched down 1% YoY (year-over-year) in Week 19.
Downtrend in US Rail Traffic Persisted for 16th Straight Week
The Association of American Railroads reported on May 16 that overall rail traffic for US railroad companies fell 3.7% in Week 19.
Analyzing Norfolk Southern’s Rail Traffic Performance in Week 18
Norfolk Southern’s (NSC) rail traffic fell 4.2% YoY (year-over-year) in Week 18. The company hauled 151,838 railcars during the week.
US Rail Traffic Downtrend Continued for the 15th Straight Week
On May 8, the Association of American Railroads reported that the overall traffic for US railroad companies had fallen 2% in Week 18.
Norfolk Southern’s Rail Traffic Was Lower in Week 17
Norfolk Southern’s (NSC) rail traffic fell 5.1% YoY (year-over-year) in Week 17. The company hauled 150,713 railcars during the week.
US Rail Traffic Weakness Continued for the 14th Week
On May 1, the Association of American Railroads revealed that the overall traffic for US railroad companies (XLI) fell 3.3% in Week 17.
Norfolk Southern: Will the Rally Continue?
Norfolk Southern (NSC) shares have risen 38.2% YTD. Norfolk Southern shares have outperformed the broader market as of April 24.
Norfolk Southern’s Q1 Earnings Beat Estimates
On April 24, Norfolk Southern (NSC) reported strong first-quarter results. The company’s top and bottom line beat analysts’ estimates.
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.
Canadian National Railway: Analysts’ Recommendations
Canadian National Railway (CNI) has a consensus rating of ~2.68 and a consensus “hold” recommendation from the analysts polled by Reuters.
How Norfolk Southern’s Rail Traffic Performed in Week 15
Norfolk Southern’s rail traffic fell 0.6% year-over-year in Week 15. The company hauled 155,674 railcars during the week.
Intermodal Weakness Hurt Union Pacific’s Rail Traffic in Week 15
Union Pacific’s (UNP) rail traffic fell 0.8% YoY (year-over-year) in Week 15, which ended on April 13.
Analyzing Kansas City Southern’s Rail Traffic Performance
Kansas City Southern (KSU) hauled 42,797 units during Week 15 compared to 43,677 units in Week 15 of 2018.
Weak Intermodal Volumes Hurt CSX’s Rail Traffic in Week 15
CSX’s (CSX) overall rail traffic inched up 0.3% YoY (year-over-year) to 125,989 railcars in Week 15.
Intermodal Volume Gains Boost Canadian National’s Rail Traffic
Canadian National Railway (CNI) registered a 5.7% 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.
How Analysts View Norfolk Southern ahead of Q1 Results
Analysts polled by Reuters have given Norfolk Southern (NSC) a consensus “buy” recommendation.
Norfolk Southern’s Earnings Growth Rate Likely to Slow Down in Q1
Norfolk Southern (NSC) plans to report its first-quarter results on April 24.
Analyzing Union Pacific’s Stock Performance in 2019
Union Pacific (UNP) shares have risen ~22.5% YTD (year-to-date) as of April 17. Union Pacific has outperformed the broader market.
Where Kansas City Southern Stock Could Be Heading
Kansas City Southern (KSU) stock has risen ~23.6% YTD (year-to-date), outperforming the broader market as of April 16.
Kansas City Southern Stock Rises on Upbeat Q1 Earnings
Kansas City Southern stock rose 3.4% in premarket trading on April 17 after it reported better-than-expected results for the first quarter.
CSX: Analysts Raised the Target Price after Q1 Earnings
On April 17, Morgan Stanley raised its target price on CSX stock to $57 from $55, while Baird increased the target price to $83 from $81 on April 16.
CSX’s Q1 Earnings Rose Due to Higher Prices, Lower Costs
CSX (CSX) shares rose more than 4% in the after-hours trading on April 16. The company reported strong first-quarter results.
How Analysts View Canadian Pacific ahead of Its Q1 Results
Canadian Pacific Railway (CP) has a consensus rating of ~1.87 and a consensus “buy” recommendation from analysts polled by Reuters.
What to Expect from Canadian Pacific’s First-Quarter Results
Canadian Pacific Railway (CP) is scheduled to release its results for the first quarter of 2019 on April 23.
Intermodal Weakness Hurts CSX’s Rail Traffic in Week 14
CSX’s (CSX) total rail traffic inched up 0.4% YoY (year-over-year) to 123,743 railcars in Week 14 from 123,250 railcars in the same week of the previous year.
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.
Strong Intermodal Gains Drove Canadian National’s Rail Traffic
Canadian National Railway (CNI) registered a 5% YoY improvement in its overall rail traffic in Week 14.
Carload Volume Gains Boost Canadian Pacific’s Rail Traffic
Canadian Pacific Railway (CP) recorded a 5.6% YoY (year-over-year) improvement in its overall rail traffic in Week 14.
US Rail Traffic in Week 14: Weakness Persisted for the 11th Week
On April 10, the Association of American Railroads said that overall traffic volumes for US railroad companies had fallen 2.8% in Week 14.
Kansas City Southern: Analysts’ Views before Its Q1 Results
Kansas City Southern has received a consensus rating of ~2.16 and a consensus “buy” recommendation from the analysts polled by Reuters.
Kansas City Southern’s First-Quarter Expectations
Kansas City Southern (KSU) is scheduled to report its first-quarter results on April 17. Analysts expect the EPS to grow 11.1% YoY.
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.
What to Expect from Union Pacific’s First-Quarter Earnings
Union Pacific (UNP) plans to report its first-quarter results on April 18.
How Analysts View CSX ahead of Q1 Results
CSX (CSX) has received a “buy” recommendation from analysts polled by Reuters.
Increased Pricing and Cost Initiatives to Drive CSX’s Q1 Earnings
CSX (CSX) plans to report its first-quarter results on April 16.
Weak Carload Volumes Hurt Norfolk Southern in Week 13
Norfolk Southern’s (NSC) rail freight traffic fell 0.3% YoY in Week 13 to 152,448 railcars from 152,901.
US Rail Traffic Downtrend Continued for the Tenth Straight Week
Rail traffic weakness for US railroad companies continued for the tenth straight week.
Weak Carload Traffic Hurts Norfolk Southern in Week 12
Norfolk Southern’s (NSC) overall rail freight traffic fell YoY (year-over-year) in Week 12, to 151,701 railcars from 151,786.
US Rail Traffic Weakness Continues for a Ninth Straight Week
US railroad companies’ rail traffic weakness has persisted for a ninth consecutive week.
Intermodal Weakness Hurt KSU’s Rail Traffic in Week 11
Kansas City Southern (KSU) reported a marginal decline in its overall rail traffic in Week 11, breaking its streak of three straight weeks of volume gains.
Weak Carloads Hurt Canadian Pacific’s Rail Traffic in Week 11
Canadian Pacific Railway (CP) reported a 5.6% YoY (year-over-year) decline in its total rail traffic in Week 11.
Norfolk Southern’s Intermodal Volumes Improved in Week 11
Norfolk Southern’s (NSC) overall rail freight traffic inched up 0.3% YoY (year-over-year) in Week 11.
CSX Recorded Strong Growth in Carload Traffic
CSX (CSX) reported a 1% YoY (year-over-year) increase in rail traffic in Week 11. During the week, the company moved 124,827 railcars.
How Canadian National’s Rail Traffic Trended in Week 11
Canadian National Railway (CNI) recorded a 1.7% YoY (year-over-year) improvement in its overall rail traffic in Week 11.
Downtrend in US Rail Traffic Persisted for Eighth Straight Week
On March 20, the Association of American Railroads stated that overall US rail traffic volumes had fallen 6.8% in Week 11.
FedEx Focuses on Cost-Cutting Measures to Boost Profitability
FedEx’s (FDX) fiscal 2019 third-quarter adjusted EPS of $3.03 fell 18.5% from its EPS of $3.72 in the third quarter of fiscal 2018.
Analyzing Norfolk Southern’s Rail Traffic in Week 10
Norfolk Southern’s (NSC) overall rail freight traffic fell 0.1% YoY in week 10. The company hauled 151,542 railcars during the week.
Weak Carloads Hurt Canadian National’s Rail Traffic in Week 10
Canadian National Railway (CNI) reported a 3.6% YoY total traffic volume decline in week 10. The company moved 110,085 railcars.
CSX’s Rail Traffic Fell Due to Weak Intermodal Performance
CSX’s (CSX) total rail traffic fell 4.7% YoY (year-over-year) to 118,788 railcars in week 10 from 124,618 railcars in the same week last year.
Analyzing Canadian Pacific’s Rail Traffic in Week 10
Canadian Pacific Railway registered a 7.7% YoY decline in its total rail traffic in week 10. The company carried 48,329 railcars during the week.
Union Pacific: Weak Rail Traffic for the Sixth Straight Week
Union Pacific recorded an 8.2% YoY decline in its rail traffic in week 10 to 155,845 railcars from 169,846 railcars carried in the same week in 2018.
KSU’s Rail Traffic Growth Continued for the Third Week
In week 10, Kansas City Southern’s (KSU) rail traffic growth continued for the third straight week after falling for six weeks.
US Rail Traffic: Downtrend Continued for the Seventh Week
US railroad companies’ rail traffic volumes fell 4.7% YoY in week 10. The companies hauled 508,958 railcars during the week ending March 9.
Analyzing Norfolk Southern’s Rail Traffic in Week 9
Norfolk Southern’s (NSC) overall rail freight traffic fell 1.6% YoY (year-over-year) in Week 9.
Weakness in US Rail Traffic Continued for the Sixth Straight Week
The downtrend in US rail traffic continued for the sixth consecutive week in Week 9, which ended on March 2, 2019.
Analyzing Canadian National’s Rail Traffic Volume in Week 8
Canadian National Railway (CNI) reported 0.3% YoY (year-over-year) total traffic volume decline in week 8.
Union Pacific: Rail Traffic Trends in Week 8
Union Pacific’s (UNP) rail traffic fell 0.4% YoY (year-over-year) to 166,892 railcars in week 8.
Norfolk Southern: Weak Carloads Impacted Its Rail Traffic
Norfolk Southern’s (NSC) rail freight traffic fell 1.4% YoY (year-over-year) in week 8. The company hauled 149,421 railcars during week 8.
CSX’s Rail Traffic Fell in Week 8
CSX’s (CSX) total rail traffic fell 2.3% YoY to 118,205 railcars in week 8 from the 120,988 railcars in the same week last year.
Canadian Pacific: Highest Intermodal Unit Decline in Week 8
Canadian Pacific Railway’s (CP) total rail traffic fell 3% YoY to 47,392 railcars in week 8 from 48,873 railcars in the same week in 2018.
Kansas City Southern’s Rail Traffic Volume Rebounded in Week 8
After reporting a rail traffic volume decline for six straight weeks, Kansas City Southern (KSU) had a strong rebound in week 8.
US Rail Traffic Downtrend Continued for the Fifth Week
The weakness in US rail traffic continued for the fifth straight week. The overall rail traffic volumes for US rail carriers (IYT) fell 1.1% in week 8.
Where Does Norfolk Southern Stand among Its Peers?
Currently, Norfolk Southern (NSC) stock is trading at a PE ratio of 19.06x. The stock is trading at a premium valuation compared to its peers.
Norfolk Southern’s Aggressive Shareholder Return Plan
Norfolk Southern (NSC) has always tried to enhance shareholders’ wealth through dividend payments and share repurchases.
Norfolk Southern: Why Analysts Are Bullish
Norfolk Southern (NSC) has received a consensus “buy” recommendation from the analysts polled by Reuters.
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.
Union Pacific’s Rail Traffic Fell in Week 7
Union Pacific’s (UNP) rail traffic fell 2.8% YoY (year-over-year) to 167,511 railcars in week 7.
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.
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.
Weak Intermodal Performance Hurt KSU’s Rail Traffic in Week 6
The downtrend in Kansas City Southern’s (KSU) rail traffic volumes continued for the fifth straight week in Week 6.
Canadian Pacific Saw a Double-Digit Decline in Rail Traffic
Canadian Pacific’s (CP) total rail traffic fell 10.5% YoY (year-over-year) to 45,235 railcars in Week 6 from 50,561 railcars in the same week last year.
How Rail Traffic Trended for Canadian National in Week 6
Canadian National Railway (CNI) reported 0.2% YoY (year-over-year) total traffic volume growth in Week 6.
Impressive Intermodal Growth Drove Union Pacific’s Total Traffic
Union Pacific’s (UNP) rail traffic grew 2% YoY (year-over-year) to 166,944 railcars in the sixth week of 2019.
Strong Carload Growth Drove CSX’s Rail Traffic Volumes Higher
CSX’s (CSX) total rail traffic volumes rose 3.2% YoY (year-over-year) to 122,403 units in Week 6.