Railroads

Kansas City Southern (NYSE: KSU) is going down the precision railroading track. In announcing its fourth quarter 2018 earnings, KCS President and CEO Patrick Ottensmeyer said the company in 2018 "did not meet our own expectations for financial or operations performance." He added that KCS...

Rail company CSX Corporation (NASDAQ: CSX) reported Wednesday afternoon with a top- and bottom-line fourth-quarter beat, but cautioned investors to expect a slowdown in revenue growth in 2019 from 7 percent in 2018 to a "low single-digit." The Analysts Morgan Stanley's Ravi Shanker...

With precision railroading looming as the dominant operating strategy in the North American rail sector, and with coal markets facing enormous competition from natural gas and renewables, Raymond Atkins asked a question: what's the proper role of the federal government in regulating railroads?...

Intermodal rail is taking a growing share of container traffic coming out of the largest U.S. East Coast port as more heavy freight moves across the docks and trucking costs rise. Even so, some shippers remain wary of relying on intermodal rail due to the ongoing service changes being made in the...

Union Pacific (NYSE: UNP) had a strong enough December that it now believes its full-year operating ratio for 2018 will be improved. In a Wednesday 8-K filing with the Securities and Exchange Commission, Union Pacific said it expects to report a "record full-year" operating ratio of...

The U.S. Senate confirmed two commissioners yesterday to sit on the Surface Transportation Board (STB), the federal agency that oversees rates and service within the railroad industry. It is a move that both carriers and their customers believe is necessary for action on pending regulatory...

Canadian Pacific Railway, Ltd (NYSE: CP) gave Stifel reasons to turn bullish on the stock. The Analyst Stifel’s Michael Baudendistel upgraded Canadian Pacific Railway from Hold to Buy with a price target lowered from $247 to $244. The Thesis Stifel, which released a note on October...

Canadian National Railway (USA) (NYSE: CNI) CEO Luc Jobin was "ousted" from the company after less than two years. The executive departure marks the "most significant" railroad CEO change in years aside from activist involvements and necessitates a downgrade, according to Bank...

Need that Labor Day breather? So did CSX Corporation (NASDAQ: CSX). The railroad operator closed out August with a heavy backlog of shipments, disrupting supply chains from coal to food production and forcing time-constrained clients to seek alternative transport services, according to the Wall...

Rail companies were the latest sector to report their quarterly earnings. Here is a roundup of how the major players performed. Canadian Pacific Railway Canadian Pacific Railway Limited (USA) (NYSE: CP) reported it earned C$3.04 per share on revenue of C$1.64 billion in the fourth quarter. E....

While Donald Trump's inauguration to the United States presidency is imminent, visibility into his proposed policy issues remains cloudy. On the campaign trail, Trump promised many protectionist measures, in support of and promoting his slogan "Make America Great Again." Notable...

Railcar stocks rallied strongly on Monday amid a deal in the space. Offloading Railcar Leasing Firm Carl Icahn's Icahn Enterprises LP (NASDAQ: IEP) announced Monday a deal to sell its wholly owned subsidiary American Railcar Leasing to a subsidiary of Sumitomo Mitsui Banking Corp. for cash based...

Railroad companies Kansas City Southern (NYSE: KSU) and Union Pacific Corporation (NYSE: UNP) could have a lot on the line if Donald Trump follows through on his protectionist campaign promises. While most analysts have focused on Kansas City Southern due to its exposure to Mexico, Loop Capital...

Kansas City Southern (NYSE: KSU) has been a standout, though not in a positive sense. Railroad stocks such as CSX Corporation (NASDAQ: CSX), Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corp. (NYSE: NSC) have been on a roll since the November 8 U.S. presidential election even as...