Union Pacific Corp
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.
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.
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.
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.
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.
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).
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.
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 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.
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).
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
Norfolk Southern’s Aggressive Shareholder Return Plan
Norfolk Southern (NSC) has always tried to enhance shareholders’ wealth through dividend payments and share repurchases.
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.
Comparing CSX’s Intermodal Volumes with US Railroads
In the week ended December 31, 2016, CSX’s (CSX) total intermodal traffic rose 4.7%.
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.
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.
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 […]
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
How Did BNSF’s Carloads Perform against Rival UNP’s?
BNSF Railway (BRK-B) operates in the Western US, competing with Union Pacific (UNP).
Analyzing GWR’s European Carloads in February 2017
Genesee & Wyoming’s (GWR) European carloads remained unchanged YoY (year-over-year) in February 2017.
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.
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.
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.
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.
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).
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.
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.
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 […]
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.
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.
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.
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.
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.
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%.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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 […]
How Norfolk Southern’s Carloads Stacked Up against Peers
In the week ended March 11, 2017, NSC’s overall railcar volumes rose 3%.
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.
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).
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.
Comparing Norfolk Southern’s Carloads with US Railroads’ Volumes
Coal (CNX) formed 15% of NSC’s 3Q16 revenues, coming down from 23% in 2009.
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.
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%.
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%.
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 […]
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 […]
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 […]
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.
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%.
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.
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.
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.
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.
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.
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 […]
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.