Union Pacific Corp

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  • uploads///CNI ANR
    Earnings Report

    Most Analysts Say ‘Hold’ for Canadian National after 2Q16

    Canadian National (CNI) has a consensus rating of 3.2 with a “hold” recommendation. Of the 28 analysts covering the stock, 18% have given CNI a “buy” recommendation.

    By Samuel Prince
  • uploads///CP_Div_
    Company & Industry Overviews

    Canadian Pacific Railway’s Dividend Yield, Buyback Programs

    Based on the adjusted EPS of 7.87 Canadian dollars in the last four quarters, Canadian Pacific’s dividend payout was at 33% as of September 21.

    By Samuel Prince
  • uploads///CNI Intermodal
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///Debt EBITDA
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///UNP Intermodal
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///BNSF Carloads
    Industrials

    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).

    By Samuel Prince
  • uploads///KSU Car
    Industrials

    A Summary of Kansas City Southern’s Rail Traffic in Week 39

    Kansas City Southern (KSU), the smallest US class I railroad, reported a marginal loss of 0.7% YoY (year-over-year) in carload traffic in week 39.

    By Samuel Prince
  • uploads///BNSF ConsumerProducts Q
    Earnings Report

    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.

    By Samuel Prince
  • uploads///KSU Intermodal
    Macroeconomic Analysis

    How KSU’s Intermodal Traffic Compared to the Industry’s

    Kansas City Southern (KSU) reported a fall of 4.8% in its overall intermodal traffic in the week ended October 1, 2016.

    By Samuel Prince
  • uploads///UNP carloads
    Energy & Utilities

    Which Commodities Boosted UNP’s Freight Traffic in Week 18

    So far this year, Western US rail freight giant Union Pacific’s (UNP) YoY (year-over-year) freight volume growth has lagged behind rival BNSF Railway’s (BRK.B).

    By Samuel Prince
  • uploads///UNP Coal
    Earnings Report

    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.

    By Samuel Prince
  • uploads///Part  Q  HBT HON
    Earnings Report

    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.

    By Peter Neil
  • uploads///ANR
    Company & Industry Overviews

    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%.

    By Samuel Prince
  • uploads///NSC_Class I railroads Change in Carloads
    Earnings Report

    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.

    By Samuel Prince
  • uploads///US Weekly
    Macroeconomic Analysis

    North American Rail and Intermodal Traffic Disappoint

    Every Wednesday morning, the AAR releases the weekly rail traffic data for the previous week. The latest report is for the week ended June 18, 2016.

    By Samuel Prince
  • uploads///unp fcf
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///Chart  NSC
    Company & Industry Overviews

    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.

    By Anirudha Bhagat
  • uploads///Part  HONQ
    Earnings Report

    Why Are Analysts Expecting Honeywell’s EPS to Rise in 4Q16?

    As of January 20, 2017, Wall Street analysts expect Honeywell (HON) to post adjusted EPS (earnings per share) of $1.74 in 4Q16.

    By Peter Neil
  • uploads///NSC OpMar
    Earnings Report

    Why Norfolk Southern’s 3Q17 Operating Margins Took the High Track

    In 3Q17, Norfolk Southern’s (NSC) operating margin expanded 160 basis points to 34.1%, up from 32.5% in 3Q16.

    By Samuel Prince
  • uploads///GWR Australian Carloads
    Macroeconomic Analysis

    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.

    By Samuel Prince
  • uploads///GWR Stock Price Relative
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///Original Deal
    Miscellaneous

    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.

    By Samuel Prince
  • uploads///JBHT shifting capacity
    Company & Industry Overviews

    Is JBHT’s Intermodal segment a current and future growth driver?

    Today, JBHT’s Intermodal segment contributes ~60% of the company’s revenues and 73% of its profits. JBHT is largest intermodal provider.

    By Ally Schmidt
  • uploads///Chart  Dividend
    Company & Industry Overviews

    Norfolk Southern’s Aggressive Shareholder Return Plan

    Norfolk Southern (NSC) has always tried to enhance shareholders’ wealth through dividend payments and share repurchases.

    By Anirudha Bhagat
  • uploads///tue
    Fund Managers

    Trying Times for Railroads, but Institutional Investors Hang On

    During slowdowns, manufacturers cut production. As a result, freight volumes hauled by railroads, airplanes, truckers, and shipping firms tend to be adversely affected.

    By Santiago Solari
  • uploads///CSX Intermodal
    Macroeconomic Analysis

    Comparing CSX’s Intermodal Volumes with US Railroads

    In the week ended December 31, 2016, CSX’s (CSX) total intermodal traffic rose 4.7%.

    By Samuel Prince
  • uploads///part  coal stocks
    Macroeconomic Analysis

    PRB coal producers may benefit from restocking at utilities

    At the beginning of winter, the PRB coal producers are struggling to get enough rail cars to meet utilities’ demand. The PRB coal producers may see increased demand well into 2015.

    By Mike Sonnenberg
  • uploads///KSU Intermodal
    Macroeconomic Analysis

    How Did Kansas City Southern’s Intermodal Traffic Compare with Industry Peers?

    Kansas City Southern reported a YoY rise of 2.2% in overall intermodal traffic in the week ended October 22, 2016. Container traffic rose 2.6% that week.

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    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 […]

    By Samuel Prince
  • uploads///railway station _
    Earnings Report

    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.

    By Anirudha Bhagat
  • uploads///Durable orders
    Macroeconomic Analysis

    Transportation Dragging New Orders on Durable Goods Down

    Durable goods orders indicate what may occur in manufacturing activity. New orders for manufactured durable goods fell by 2.0% to $236.3 billion in August 2015.

    By Lara Sheldon
  • uploads///US Weeklee
    Macroeconomic Analysis

    US Freight Rail Volumes Were Mixed Bag, Canadian Railroads Surged

    During the week ended December 10, 2016, US freight rail traffic fell 1.1% to 539,00 units, from 545,000 units in the week ended December 12, 2015.

    By Samuel Prince
  • uploads///BNSF Intermodal
    Macroeconomic Analysis

    How Did BNSF’s Intermodal Volumes Fare Next to UNP?

    BNSF Railway’s (BRK-B) total intermodal traffic for the week ending June 11, 2016, declined by 5.7% YoY (year-over-year).

    By Samuel Prince
  • uploads///Part
    Macroeconomic Analysis

    Why Are Utilities Not Stocking Cheap Coal Aggressively?

    Coal is an important commodity for railroad companies such as Union Pacific (UNP) and CSX (CSX). However, coal’s importance in freight is falling due to the emergence of shale oil.

    By Mike Sonnenberg
  • uploads///UNP carloads
    Energy & Utilities

    Intermodal Traffic Growth Pushed Union Pacific’s Volumes in Week 16

    In Week 16, Western US rail freight giant Union Pacific (UNP) saw its carload traffic rise slightly, by 0.6% YoY (year-over-year) to 92,300 carloads excluding intermodal units from ~91,800 units.

    By Samuel Prince
  • Industrials

    March manufacturing releases are critical in assessing a recovery

    The Purchasing Managers Manufacturing Index (or PMI) is based on a monthly survey of selected companies that provide an advanced indication of what’s really happening in the private-sector economy.

    By Phalguni Soni
  • uploads///GWR Revenu
    Earnings Report

    Did Genesee & Wyoming Beat Its Own Revenue Guidance in 2Q17?

    In the second quarter of 2017, Genesee & Wyoming’s 2Q17 revenues were $540.4 million, a 7.8% rise from $501.4 million in 2Q16.

    By Samuel Prince
  • uploads///CNI ANR
    Earnings Report

    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.

    By Samuel Prince
  • uploads///GWR NA
    Macroeconomic Analysis

    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.

    By Samuel Prince
  • uploads///CNI Carloads
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///CP FCF
    Company & Industry Overviews

    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).

    By Samuel Prince
  • uploads///CSX Indexed
    Earnings Report

    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.

    By Samuel Prince
  • uploads///
    Fund Managers

    Getting a Read on the Railroad Industry

    Railroads have seen a boost in intermodal traffic recently due to heightened international trade, continued investment in growing intermodal rail networks, and a shift from trucks to railways.

    By Santiago Solari
  • uploads///KSU Intermodal
    Earnings Report

    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.

    By Samuel Prince
  • uploads///Intermodal
    Earnings Report

    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.

    By Robert Karr
  • uploads///US Weekly
    Energy & Utilities

    US Rail Traffic Down, Canadian and Mexican Rail Traffic Show Mixed Bag

    Last week, the US rail carloads (UNP) fell by 5.3% to more than 274,000 units from nearly 290,000 units in the week ended August 1, 2015.

    By Samuel Prince
  • uploads///CNI Carloads
    Miscellaneous

    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.

    By Samuel Prince
  • uploads///US Weekly Freight
    Industrials

    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.

    By Samuel Prince
  • uploads///CHRW_
    Industrials

    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.”

    By Samuel Prince
  • uploads///CSX ANR
    Earnings Report

    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.

    By Samuel Prince
  • uploads///Intermodal
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///CSX Carloads
    Financials

    Why CSX’s Overall Freight Volumes Declined in Week 36

    In the week ended September 9, 2017, CSX registered a 4.2% fall in railcar volumes.

    By Samuel Prince
  • uploads///BNSF Carloads
    Energy & Utilities

    How Did BNSF’s Carloads Perform against Rival UNP’s?

    BNSF Railway (BRK-B) operates in the Western US, competing with Union Pacific (UNP).

    By Samuel Prince
  • uploads///GWR UK European Carloads
    Macroeconomic Analysis

    Analyzing GWR’s European Carloads in February 2017

    Genesee & Wyoming’s (GWR) European carloads remained unchanged YoY (year-over-year) in February 2017.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    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.

    By Samuel Prince
  • uploads///Article
    Industrials

    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.

    By Samuel Prince
  • uploads///CP Carloads
    Energy & Utilities

    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.

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    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.

    By Samuel Prince
  • uploads///CSX Carloads
    Industrials

    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).

    By Samuel Prince
  • uploads///chart
    Company & Industry Overviews

    Running down JPMNX: Structural Analysis of an Alternative Mutual Fund

    JPMNX is an alternative mutual fund that seeks to mimic the “market neutral” hedge fund strategy in achieving its investment objectives.

    By Ivan Kading
  • uploads///UNP Carloads
    Energy & Utilities

    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.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    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 […]

    By Samuel Prince
  • uploads///KSU Carloads
    Industrials

    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.

    By Samuel Prince
  • uploads///CSX Carlaods
    Consumer

    CSX: Behind the Freight Volume Decline in Week 37

    CSX posted a double-digit 11.0% fall in railcar volumes in the week ended September 16, 2017.

    By Samuel Prince
  • uploads///GWR Europe
    Macroeconomic Analysis

    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.

    By Samuel Prince
  • uploads///Image
    Industrials

    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.

    By Samuel Prince
  • uploads///CP Carloadsa
    Macroeconomic Analysis

    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.

    By Samuel Prince
  • uploads///iMAGE
    Earnings Report

    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.

    By Samuel Prince
  • uploads///BNSF Intermodal
    Energy & Utilities

    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%.

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    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 […]

    By Samuel Prince
  • uploads///UNP Carloads
    Industrials

    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.

    By Samuel Prince
  • uploads///CSX Carloads
    Industrials

    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.

    By Samuel Prince
  • uploads///UNP Carloads
    Energy & Utilities

    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.

    By Samuel Prince
  • uploads///BNSF Carloads
    Industrials

    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.

    By Samuel Prince
  • uploads///GWR Europe
    Energy & Utilities

    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.

    By Samuel Prince
  • uploads///Image
    Industrials

    North American Rail Volumes Rose in Week 36

    US railroad (XLI) companies’ overall railcar traffic rose 4.2% YoY in the week ended September 8.

    By Samuel Prince
  • uploads///BNSF Carloads
    Energy & Utilities

    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.

    By Samuel Prince
  • uploads///PArt
    Macroeconomic Analysis

    Coal Shipments Continue to Rise amid Weak Natural Gas Prices

    According to EIA estimates, US coal shipments increased marginally to 18.7 million tons during the week ending August 28.

    By Mike Sonnenberg
  • uploads///Pension Accounting
    Company & Industry Overviews

    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.

    By Samuel Prince
  • uploads///KSU Intermodal
    Macroeconomic Analysis

    Kansas City Southern’s Intermodal Volumes Surprise

    Kansas City Southern’s intermodal volumes Kansas City Southern (KSU) reported a fall of 3.5% in overall intermodal traffic in the week ended December 17, 2016. Container traffic contracted 3.1% in the reported week. Much of the fall in volumes was shared by trailers. The trailer traffic shrank 20.3% on a year-over-year basis. The percentage fall […]

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    How Norfolk Southern’s Carloads Stacked Up against Peers

    In the week ended March 11, 2017, NSC’s overall railcar volumes rose 3%.

    By Samuel Prince
  • uploads///CP Intermodal
    Macroeconomic Analysis

    How Fast Did CP’s Domestic Intermodal Volume Fall?

    For the week ended March 12, 2016, Canadian Pacific (CP) reported a nearly 12% fall in domestic intermodal volume to 8,382 units.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    How Union Pacific’s Carloads Compare to BNSF Railway’s

    In the Western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B).

    By Samuel Prince
  • uploads///NSC Carloads
    Industrials

    BNSF Railway: Volume Growth Was Higher Than Industry’s in Week 37

    Berkshire Hathaway’s privately owned BNSF Railway’s (BRK.B) railcar traffic expanded marginally 1.6% in the week ended September 16, 2017.

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    Comparing Norfolk Southern’s Carloads with US Railroads’ Volumes

    Coal (CNX) formed 15% of NSC’s 3Q16 revenues, coming down from 23% in 2009.

    By Samuel Prince
  • uploads///Image
    Industrials

    Week 38: US Rail Traffic Growth Stood Out in North America

    The Association of American Railroads published its weekly rail traffic data for 12 key North American railroad companies on September 26.

    By Samuel Prince
  • uploads///Image
    Earnings Report

    FedEx Delivers Strong Fourth-Quarter Earnings

    FedEx (FDX) announced its fourth-quarter earnings after the market closed on June 19. FedEx surpassed analysts’ adjusted EPS estimate by 3.6%.

    By Samuel Prince
  • uploads///CSX Intermodal
    Macroeconomic Analysis

    How Did CSX’s Intermodal Traffic Compare with the Industry Last Week?

    In the week ended November 5, 2016, CSX Corporation’s (CSX) total intermodal traffic was up 1.7%.

    By Samuel Prince
  • uploads///CP Carloads
    Macroeconomic Analysis

    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 […]

    By Samuel Prince
  • uploads///UNP Carloads
    Basic Materials

    Union Pacific’s Carload Traffic Slows Down in Week 46

    UNP’s carload traffic in Week 46 Omaha-based Union Pacific (UNP) reported a slight 1% fall in carload volumes, like BNSF Railway (BRK-B). UNP’s freight volumes stood at 95,700 units in the week ended November 18, 2017, versus 96,700 units in the week ended November 19, 2016. When compared with the carload loss reported by US railroad […]

    By Samuel Prince
  • uploads///CNI Carloads
    Macroeconomic Analysis

    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 […]

    By Samuel Prince
  • uploads///US Weekly Rail
    Energy & Utilities

    US Rail Traffic Down, Canadian and Mexican Railroads Offer Mixed Bag

    For the week ended September 3, 2016, US carloads fell by 4.9%, at 273,000-plus units from over 287,000 units in the week ended September 5, 2015.

    By Samuel Prince
  • uploads///BNSF Intermodal
    Macroeconomic Analysis

    Did BNSF’s Intermodal Volumes Shrink Too Much?

    BNSF Railway’s (BRK-B) total intermodal traffic for the week ended June 4, 2016, was down by 14.8%.

    By Samuel Prince
  • uploads///NSC Carloads
    Macroeconomic Analysis

    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.

    By Samuel Prince
  • uploads///CNI C
    Industrials

    Intermodal Volumes Boosted CNI’s Rail Traffic Growth in Week 36

    Out of all class I railroads, Canadian National Railway was the only to report a YoY carload volume decline in week 36.

    By Samuel Prince
  • uploads///GWR UK Europe
    Macroeconomic Analysis

    Why Genesee and Wyoming’s European Carloads Slumped in October

    The decrease in the UK and European carloads in October was primarily due to the fall in coal and coke, mineral and stone, and intermodal carloads.

    By Samuel Prince
  • uploads///UNP Carloads
    Macroeconomic Analysis

    Other than Coal Commodities Drove Union Pacific’s Carloads Higher

    In the reported week, UNP’s combined coal (ARLP) and coke carloads fell 8.1% on a year-over-year basis.

    By Samuel Prince
  • uploads///KSU Intermodal
    Macroeconomic Analysis

    Kansas City Southern’s Intermodal Is in the Line of Fire

    Kansas City Southern (KSU) reported a 7% fall in overall intermodal traffic in the week ended April 23, 2016.

    By Samuel Prince
  • uploads///CP Carloads
    Miscellaneous

    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 […]

    By Samuel Prince
  • uploads///GD Q estimates
    Earnings Report

    What’s General Dynamics’ outlook for 4Q14?

    General Dynamics hopes to efficiently manage its cost of revenue. It wants to continue to post higher earnings and better cash flows in the fourth quarter.

    By Ally Schmidt
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