|Bid||111.75 x 0|
|Ask||111.80 x 0|
|Day's Range||111.41 - 113.25|
|52 Week Range||90.84 - 118.62|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||14.31|
|Earnings Date||Jan 29, 2019|
|Forward Dividend & Yield||1.82 (1.61%)|
|1y Target Est||121.03|
Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada's crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on Friday for less than one-third of the U.S. benchmark light oil price.
MONTREAL, Nov. 06, 2018 -- Ghislain Houle, executive vice-president and chief financial officer of CN (TSX: CNR) (NYSE: CNI), will address the Scotiabank Transportation &.
NEW YORK, NY / ACCESSWIRE / November 6, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Canadian National Railway (CNI) recorded ~10.3% YoY (year-over-year) growth in its Week 42 carload traffic. Canada’s largest rail freight carrier hauled ~70,100 railcars excluding intermodal volumes in the week compared to ~63,600 units in the corresponding week last year.
Kansas City Southern (KSU), the smallest Class I railroad company in the United States, also operates in Mexico. In Week 42, the company reported a 4.8% YoY (year-over-year) fall in its carload traffic. KSU moved ~24,500 railcars excluding intermodal units in the week compared to ~25,800 units in Week 42 of 2017. The company’s carload traffic trended in line with the 0.7% slump reported by US railroad companies.
Eastern US railroad company Norfolk Southern (NSC) reported a 3.3% YoY (year-over-year) fall in its carload traffic in Week 42. The company hauled ~67,800 railcars sans intermodal units in the week compared to ~70,100 in the comparable period last year.
MONTREAL, Oct. 31, 2018 -- CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$650 million 4.450% Notes due 2049. CN expects to close the offering on.
Western US major railroad company Union Pacific (UNP) reported a 2% YoY (year-over-year) slump in its Week 42 carload traffic. The company carried ~94,100 railcars excluding intermodal units compared to ~96,000 railcars in the corresponding period last year.
Berkshire Hathaway–owned BNSF Railway (BRK.B) reported a 2.7% YoY (year-over-year) rise in its Week 42 carload traffic. The railroad company moved ~103,600 railcars except for intermodal units in the week compared to ~100,900 units in Week 42 of 2017.
Let’s take a look at Norfolk Southern’s (NSC) third-quarter operating margin. In the third quarter, NSC’s operating margin expanded 110 basis points to 34.6% from 33.5% in the third quarter of 2017. In the reported quarter, the railroad company’s revenue jumped 10.4%, while its operating expenses rose 8.6% to $1.927 billion.
On October 24, the AAR (Association of American Railroads) released its rail freight traffic data for Week 42, which ended on October 20. The AAR receives weekly rail data from 12 major North American railroad companies. The weekly rail data are divided into carload traffic and intermodal units. Intermodal units are expressed in containers and truck trailers.
Now let’s consider Norfolk Southern’s (NSC) General/Industrial Merchandise segment’s third-quarter performance. The segment’s revenue rose 7.0% YoY (year-over-year) in the third quarter to $1.73 billion from $1.60 billion. In the third quarter, Norfolk Southern’s overall merchandise volumes grew 3% YoY to 645,800 units from 627,200 units in the previous year.
Genesee & Wyoming (GWR) is the largest short line carrier in North America, and it reported its third-quarter earnings today before the market opened. GWR beat analysts’ third-quarter adjusted EPS estimate of $1.15 by 6.2%. The company’s adjusted EPS of $1.23 in Q3 2018 were 51.8% higher than its $0.81 in the third quarter last year.
Let’s take a look at Norfolk Southern’s (NSC) third-quarter revenue and volumes. The company’s railway operating revenue reached $2.9 billion in the third quarter, up ~10.4% from $2.6 billion in the third quarter of 2017. The company surpassed analysts’ revenue estimates by a narrow margin of 1.2%.
CN (CNR.TO) (CNI) today announced it has reached an agreement to acquire Winnipeg-based The TransX Group of Companies, one of Canada’s largest and oldest transportation companies. “This strategic acquisition allows CN to deepen its supply chain focus, strengthening our exceptional franchise, including our intermodal business, notably the specialized, fast-growing refrigerated segment,” said JJ Ruest, president and chief executive officer of CN. “TransX has a 55-year history of providing innovative customer solutions in an industry that continues to evolve.
Canadian National Railway's third-quarter earnings report suggests strong growth ahead for the railroad.
On October 23, Canada’s number one freight rail, Canadian National Railway (CNI), announced its third-quarter results after the market closed. The railroad company’s adjusted EPS came in at 1.50 Canadian dollars in the quarter, ~2% higher than Reuters-surveyed analysts’ estimate of 1.47 Canadian dollars. On a YoY (year-over-year) basis, CNI’s adjusted EPS rose 14.5% in the quarter from 1.31 Canadian dollars in the third quarter of 2017.
Canadian National Railway (NYSE: CNI) became the latest railroad to beat earnings estimates thanks to the growth in bulk commodities such as crude, grain and coal. The fifth largest railroad by revenue, Canadian National saw revenue rise 14 percent to $3.69 billion Canadian dollars. Adjusted net income rose 11 percent to $1.1 billion with earnings per share rising 15 percent to $1.50, which was better than the $1.48 per share consensus estimate.
Canada's main stock index fell on Wednesday on weak investor sentiment after Bank of Canada raised benchmark interest rate. * At 10:01 a.m. ET , the Toronto Stock Exchange's S&P/TSX composite index was ...
In Week 41, Canadian Pacific Railway (CP) reported 4.4% YoY (year-over-year) carload traffic growth. It moved ~33,000 railcars sans intermodal traffic compared to ~31,600 units in Week 41 of 2017.
Strong freight revenues drive Canadian National's (CNI) Q3 results. Moreover, the company's efforts to reward shareholders in the form of dividends and share repurchases are encouraging.