|Bid||110.51 x 0|
|Ask||112.00 x 0|
|Day's Range||110.91 - 113.09|
|52 Week Range||90.84 - 113.62|
|PE Ratio (TTM)||15.69|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||1.82 (1.65%)|
|1y Target Est||110.54|
CN (CNR.TO) (CNI) said today it plans to invest approximately $315 million in Ontario in 2018 to expand and strengthen the company’s rail network across the province. “We are investing for the long haul with these projects to boost capacity and network resiliency to meet growing demand across our economy,” said Michael Farkouh, vice-president of CN’s Eastern Region. “Our investments in track and intermodal yard capacity combined with new equipment will help us deliver superior service to our customers in Ontario and North America.
Major US railroads (XLI) have taken measures to boost their operating margins in the past few months. These measures include reorganizing business units, adapting to new operational plans, idling locomotives, and reducing network size. Along with lower taxes, they should take care of the EPS numerator. On the other hand, for 2018, railroads seem to have opted to increase their dividends or initiate additional stock buybacks instead of incurring more capital expenditures. That should take care of their EPS denominator.
Of the 26 analysts covering Norfolk Southern (NSC) stock, five have recommended a “strong buy,” and five have recommended a “buy.” Fourteen analysts have given it a “hold” rating, and two have recommended a “sell.” The stock has a consensus rating of 2.5, which indicates a “buy.”
Canadian National Railway’s (CNI) carload growth was marginally behind the intermodal gains in the mid-single digits in Week 25. Canada’s largest rail freight carrier reported a 5.1% YoY (year-over-year) growth in carload traffic. That week, CNI moved ~63,000 railcars, excluding intermodal, compared to ~60,000 units. Its carload traffic gains were more than competitor Canadian Pacific Railway’s (CP) 4.4% YoY growth in Week 25. Compared to Canadian railroads’ 6.5% YoY rise in Week 25, CNI’s gains were less. But its carload traffic gains were much more than US railroads’ 2.5% YoY rise in Week ...
Every week, the AAR (Association of American Railroads) publishes weekly freight data submitted by major North American railroads. On June 27, it published the traffic data for Week 25, which ended on June 23. Investors can get a sense of the overall US economic activity by reviewing this weekly data.
According to the AAR (Association of American Railroads), coal accounted for 32.2% of originated tonnage for Class I railroads (XTN) in the United States. In the previous year, the share was 31.6%, indicating that coal remains a dominant force among all the commodities hauled by these railroads. The association further revealed that coal’s share of their total operating revenues rose from 13.9% in 2016 to 14.8% in 2017, behind only intermodal revenues. Nearly 70% of the coal consumed by US coal-fired power plants is carried by railroads.
Canada's Transportation Safety Board urged the country's regulator on Wednesday to update rules for training railway employees after an investigation into the 2016 case of a Toronto runaway train found employees lacked the know-how to stop it. Transport Canada needs to modernize the 1987 rules used for training employees like conductors, who operate freight trains using new technologies, TSB board member Faye Ackermans said.
Railroads are a barometer of economic health, and investors are feeling the mood in the markets for the direction of railroad stocks. Higher interest rates and a lower unemployment rate are the major indicators of a renewed confidence in the US economy.
Canada's Transportation Safety Board urged the country's regulator on Wednesday to update training standards for railway employees, after an investigation into the 2016 case of a Toronto runaway train ...
CN (CNR.TO) (CNI) today announced the creation of the company’s first Community Board to guide CN’s Stronger Communities Fund decisions and strengthen community partnerships in Edmonton. “CN is committed to making the communities we operate through better and safer places to live, work and play,” said Sean Finn, executive vice president of corporate services and chief legal officer at CN.
Canadian Pacific Railway (CP) recorded 4.0% YoY (year-over-year) growth in its Week 24 carload traffic. The company moved over 34,100 railcars (excluding intermodal units) in that week, compared with over 32,800 units in the corresponding week of 2017.
In Week 24, Canadian National Railway (CNI), the largest rail freight carrier in Canada, posted a 10.7% YoY (year-over-year) rise in carload traffic. In that week, the company hauled ~66,000 railcars excluding intermodal compared with 59,600 units in Week 24 of 2017.
In Week 24 of 2018, the United States’ smallest Class I railroad, Kansas City Southern (KSU), registered a small gain of 0.2% in its carload traffic. Our observation of KSU’s overall traffic pattern in 2018 suggests that the railroad is witnessing a bumpy ride.
CN (CNR.TO) (CNI) said today the federal government’s support of infrastructure investments in Vancouver through the National Trade Corridors Fund (NTCF) will help the long-term expansion of trade between Canada and Asia. “We applaud the Government of Canada’s actions to expand Canada’s key trade corridors and make them more reliable.
Let’s talk about the popular Canadian National Railway Company (TSE:CNR). The company’s shares saw a double-digit share price rise of over 10% in the past couple of months on theRead More...
CN (CNR.TO) (CNI) said today it plans to invest $10 million across Nova Scotia in 2018 to strengthen the company’s rail network in the province, improving safety and supporting efficient service. The investments are part of CN’s overall capital program in 2018 and will focus on the replacement, upgrade and maintenance of key track infrastructure. Michael Farkouh, vice-president of CN’s Eastern Region, said: “We are again investing in Nova Scotia to support a safe and fluid railway network.
CN (CNR.TO) (CNI) said today it plans to invest $30 million in New Brunswick in 2018 to strengthen the company’s rail network across the province, improving safety and supporting efficient service. The investments are part of CN’s overall capital program in 2018 and will focus on the replacement, upgrade and maintenance of key track infrastructure. Michael Farkouh, vice-president of CN’s Eastern Region, said: “We are again investing across New Brunswick to support a safe and fluid railway network.
MONTREAL, June 20, 2018-- CN will issue its second-quarter 2018 financial and operating results on July 24, 2018, at 4.01 p.m. CN's senior officers will review the results and the railway's outlook in ...
Canadian Pacific Railway’s (CP) carload traffic, excluding intermodal, rose 8.3% YoY (year-over-year) in Week 23 to ~33,500 railcars from ~31,000. It beat rival Canadian National Railway’s (CNI) 4% YoY rise, Canadian railroads’ (IYJ) average 6.4% YoY rise, and US railroads’ 2.8% YoY rise.
Canadian National Railway Co said on Tuesday it plans to invest C$210 million ($158 million) in Saskatchewan this year to expand its network across the province. Canadian National Railway has also offered bonuses to attract more workers, as railway companies battle to unclog rail bottlenecks that left Canadian commodities trapped in landlocked western provinces this winter.
CN (CNR.TO) (CNI) said today it plans to invest approximately $210 million in Saskatchewan in 2018 to expand and strengthen the company’s rail network across the province. “We are investing for the long haul with these projects to boost capacity and network resiliency,” said Doug Ryhorchuk, vice-president of CN’s Western Region. “Our investments in new double track across the Prairies combined with new equipment and more people will help us deliver superior service to our grain, energy and other customers across the province and North America.
Canada’s largest rail freight carrier, Canadian National Railway (CNI), saw its carload traffic rise 4% YoY (year-over-year) in Week 23, to ~63,500 carloads from 61,000. Rival Canadian Pacific Railway’s (CP) grew more, by 8.3% YoY, and Canadian railroads’ grew 6.2% YoY.