|Bid||63.10 x 800|
|Ask||64.11 x 1800|
|Day's Range||63.13 - 63.97|
|52 Week Range||47.99 - 64.07|
|PE Ratio (TTM)||10.64|
|Forward Dividend & Yield||0.88 (1.58%)|
|1y Target Est||N/A|
On May 10, Western US rail freight giant Union Pacific (UNP) declared a quarterly cash dividend of $0.73 per share on its common stock. In the first quarter, UNP raised its quarterly cash dividend from $0.665 per share to $0.73 per share. The company’s quarterly cash dividend on equity shares is payable on June 29 to stockholders of record on May 31.
At CSX's annual shareholder meeting, CEO Jim Foote discussed ways the railroad intends to improve safety and efficiency.
CSX shareholders meet today at the Prime F. Osborn III Convention Center. Here's what they'll vote on.
Genesee & Wyoming (GWR) released its railcar traffic data for April 2018 on May 14. The company has operations in three regions: North America, UK/Europe, and Australia. In April, the company’s same-railroad freight traffic in these regions was ~269,600 carloads, up 3.6% YoY (year-over-year) from ~260,200. On a reported volume basis, GWR’s railcar volume was down 3.7% in April this year.
Genesee & Wyoming (GWR) is the largest short line carrier in the US and Canada with operations in the US, Canada, UK/Europe, and parts of Australia. Though it’s not a Class I railroad, it is often compared with US Class I railroads.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. CSX is one of United States’s large-cap stocks that saw some insider buying overRead More...
was reviewed last month, and I recommended that, "Aggressive traders could go long CSX here and on strength above $62 looking for gains to the mid-$70's. Risk below $56 for now." Prices have continued chug higher. In this daily bar chart of CSX below, we can see that CSX rallied above $62 earlier this month so traders should have increased their long exposure. The On-Balance-Volume (OBV) line remains pointed up and continues to tell us that buyers of CSX have been more aggressive than the sellers.
A higher number of Americans are gearing up for a busy summer travel season. Be it by road or air, Americans this time are encouraged to travel thanks to a booming economy and growing consumer confidence.Source: Wikipedia
In Week 18, Canada’s largest rail carrier, Canadian National Railway (CNI), saw its carload traffic rise 5.8% YoY (year-over-year) to ~65,800 railcars from ~62,200. Its growth was almost on par with US and Canadian railroads’ growth. In comparison, competitor Canadian Pacific Railway’s (CP) carload volumes grew 9.7%.
US rail carrier Norfolk Southern’s (NSC) carload traffic, excluding intermodal, rose by double digits (10.2%) YoY (year-over-year) in Week 18, to ~73,000 units from ~66,200.
In Week 18, major eastern US rail carrier CSX’s (CSX) carload traffic fell marginally YoY (year-over-year), by 0.22% to ~69,400 units from ~69,500. Throughout much of 2018, the Florida-based rail giant has reported YoY railcar traffic decline, though it seems to be getting back on track. In contrast, rival Norfolk Southern’s (NSC) carload traffic grew 10.2% in Week 18, and US railroads’ grew 6.4%.
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). In Week 18, UNP’s carload traffic rose 5.2% YoY (year-over-year) to ~94,400 carloads (excluding intermodal units) from ~89,800. It underperformed BNSF Railway (BRK.B), whose carload traffic grew 10.7%, and US railroads.
A CSX executive is accusing some employees of "letting down their company" and "trying to sharpshoot the system" by taking time off.
Goldman Sachs' Matt Reustle upgraded CSX Corporation (NASDAQ: CSX) from Sell to Neutral with a price target lifted from $52 to $60. CSX stock has gained more than 25 percent since November, when Reustle initiated coverage of the stock with a bearish rating, the analyst said in the upgrade note. The stock's momentum can be attributed to management exceeding expectations in its cost-cutting initiatives coupled with an overall network improvement, Reustle said.
Management of the sprawling railroad has been forced to scale back productivity achievement timelines. Here's why this unnerves investors.
In the 17th week of 2018, rail carrier CSX (CSX) reported a 4.8% carload traffic rise YoY (year-over-year). Throughout much of 2018, the Florida-based rail giant has reported YoY railcar traffic decline. In recent weeks, CSX’s rail traffic has gotten back on track.
The Dollar Index rose another 1.3% last week, marking its third consecutive weekly advance and breaking above its 200-day moving average. Though the outlook for continued dollar strength is still contrarian, the bigger buck is already creating some pain for emerging markets and some strategists are looking for beneficiaries. Of Bespoke's 24 picks, consumer discretionary, financials and industrials made up half the list, including Best Buy (BBY) and PulteGroup ( PHM), financials such as Charles Schwab (SCHW) and W.R. Berkley (WRB), and industrials such as Watsco (WSO) and railroad operator CSX (CSX). In emerging markets, the dollar has made strong gains in recent weeks, rising 3.5% against the Mexican peso last week to mark its biggest gain since immediately after President Donald Trump was elected in November 2016.
In Week 16, Calgary-based Canadian Pacific Railway’s (CP) carload traffic fell 3.8% YoY (year-over-year) to ~31,900 railcars excluding intermodal from ~33,100. In contrast, competitor Canadian National Railway’s (CNI) carload traffic rose 2.5% in Week 16. However, CP’s carload volume decline was in line with the YoY lower carload traffic reported by Canadian railroads.