|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||193.43 - 196.89|
|52 Week Range||160.64 - 206.73|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
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.
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%.
In Week 18 of this year, Kansas City Southern’s (KSU) carload traffic rose 3.7% YoY (year-over-year) to ~24,000 units from ~23,200. The US-Mexico railway’s freight volume growth has fluctuated recently. In comparison, US railroads’ (IYT) gained 6.4% in Week 18.
In the week ended May 5, Berkshire Hathaway–owned BNSF Railway’s (BRK.B) carload volumes grew by double digits, by 10.7% YoY (year-over-year) to ~98,100 railcars from ~88,600, doubling the growth seen by competitor Union Pacific (UNP). The latter’s carloads grew 5.2% in Week 18, while US rail carriers’ (IYT) grew 6.4%.
The United States’ premier road transportation (JBHT) company, Expeditors International of Washington (EXPD), announced its 1Q18 earnings today. The road carrier (IYT) puzzled analysts polled by Thomson Reuters with its strong earnings. EXPD beat analysts’ adjusted EPS (earnings per share) estimate of $0.65 by a wide margin of 17%. The company’s adjusted EPS for 1Q18 came in at $0.76, up a whopping 49% YoY (year-over-year).
XPO Logistics, the US’s second-largest LTL (less-than-truckload) services provider, announced 1Q18 earnings after market hours on May 2. The company will hold its conference call on May 3 at 8:30 AM EST. The dominant road freight carrier (JBHT) in the US reported adjusted EPS (earnings per share) of $0.61, surpassing analysts’ estimate of $0.51. The company beat analysts’ projections by a wide margin of 19.6%.
In 1Q18, American Airlines’ (AAL) adjusted EPS (earnings per share) fell 8.5% YoY (year-over-year) to $0.75 from $0.85. The adjusted EPS, which excluded fleet restructuring and merger integration expenses, beat analysts’ expectation of $0.72. On a GAAP (generally accepted accounting principles) basis, AAL reported diluted EPS of $0.39.
Eastern US railroad CSX’s (CSX) carload traffic rose slightly in Week 16, by 1.6% YoY (year-over-year). In many weeks of 2018, the Florida-based rail giant has reported YoY railcar traffic decline. However, in recent weeks, the company’s shipments seem to have gotten back on track. In the week ended April 21, CSX’s carload traffic expanded YoY to ~70,500 units from ~69,400. CSX’s carload traffic gain was much lower than rival Norfolk Southern’s (NSC) 4.6% and US railroads’ 3.5%.
In this last part of our series, we’ll look at how analysts surveyed by Thomson Reuters are rating C. H. Robinson Worldwide (CHRW) ahead of its 1Q18 earnings. Currently, 21 analysts are covering the company. While four analysts (19%) have a “strong buy” rating on CHRW stock, three (14%) analysts have suggested a “buy.” Eleven analysts (52%) recommend a “hold” on the company. Three (14%) analysts advise a “sell.”
Durable goods orders are an economic indicator that shows new orders placed with domestic manufacturers for delivery of high-value factory hard goods. The US Census Bureau publishes this report and the data required to prepare this report is collated from the US Census Bureau’s “Manufacturers’ Shipments, Inventories, and Orders (M3)” survey. The durable goods orders report for March was released on April 26.
Active traders, particularly those who are followers of Dow Theory, tend to have an affinity for analyzing the charts within the transportation sector. In this article, we take a look at several key charts within the transportation sector and try to determine how traders will position themselves over the weeks and months ahead. The iShares Transportation Average ETF is one of the most popular funds used by active traders for gaining exposure to the transportation sector.
The iShares Transportation Average ETF (IYT) and the SPDR S&P Transportation ETF (XTN) have traded slightly lower on a year-to-date basis, but both transportation exchange traded funds have recently shown signs of life. IYT tracks the Dow Jones Transportation Average (DJT). Transportation stocks were expected to benefit from lower oil prices and while that has been the case for airline stocks, other industry groups represented in IYT, including railroads, have lagged broader equity benchmarks.
Unlike most of the Street, FDX has already reported its latest quarterly earnings so traders can swing away without fear of a poor release throwing a wrench into what is becoming quite the beautiful chart.
With earnings on tap this week and next, the transportation group will likely cover more miles than usual. To one technician, the only direction for the group is up.
Delta Air Lines (DAL) reported record first-quarter revenue of $9.97 billion in 1Q18, a rise of 9.6% on a YoY (year-over-year) basis. It beat analysts’ revenue estimate of $9.84 billion.
Delta Air Lines (DAL) is projected to post revenues of $9.84 billion in 1Q18—7.6%% growth on a YoY (year-over-year) basis. Delta Air Lines reported revenues of $9.1 billion in 1Q17. If Delta Air Lines manages to meet or beat the expectations, it would likely post record first-quarter revenues. Higher revenues would also signal a turnaround in the first quarter revenues after sliding for two years. Jetblue Airways (JBLU), American Airlines (AAL), and Southwest Airlines (LUV) are projected to grow 9.2%, 8.5%, and 2.8%, respectively, in 1Q18.
Delta Air Lines (DAL) is set to announce its 1Q18 earnings on April 12, 2018, during market hours. The company will hold a conference call at 10:00 AM EST the same day to address the results.
In early February, the stock market had a sharp correction on the headline of an overheated jobs report. But since then, we’ve had a slew of political headlines threatening global growth, which exacerbated the situation. This morning is a perfect example as stocks are falling again on yet another headline From President Donald Trump about escalating tariff amounts.
Boeing: Could It Be Impacted by US-China Trade Standoff? In the first week of September 2017, Boeing (BA) came up with its estimate on the Chinese aviation market (IYT) for the next 20 years. Boeing’s September estimate for China refers to a 6% rise from its prediction in 2016.
Are We Starting to Witness the Positive Impact of Tax Cuts? Durable goods orders reflect new orders placed with domestic manufacturers for the delivery of factory hard goods in the near term. This report is published by the United States Census Bureau every month, and the required data is gathered through the United States Census Bureau’s Manufacturers’ Shipments, Inventories, and Orders (or M3) survey.
On March 27, 2018, Memphis-headquartered global logistics giant FedEx announced the acquisition of P2P Mailing for ~$130 million (or 92.0 million pounds). P2P has partnership agreements with final-mile delivery partners across the world. The company’s innovative IT platform allows customers to communicate with the platform in their local language.