|Bid||0.00 x 1200|
|Ask||171.01 x 900|
|Day's Range||170.52 - 172.58|
|52 Week Range||128.08 - 180.54|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||20.19|
|Earnings Date||Jan 22, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||3.88 (2.26%)|
|1y Target Est||181.08|
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Heading into the fourth quarter of 2019, Foote thought coal would see declines of more than 10%, but those declines have accelerated recently. Through the week ended Nov. 30, CSX's coal carloads are 17.2% lower quarter-to-date but still well off the heavier declines earlier in the year (-38.3% year-to-date). Lower energy and natural gas prices are impacting utility coal while metallurgical coal is being negatively impacted by declines in the global economy, resulting in lower steel production.
Ways to route trains to new Diridon station described as "very challenging" and "fatally flawed."
Union Pacific Corp. lowered its outlook for fourth-quarter volumes, and warned on revenue, but the railroad operator's stock rallied 2.4% in morning trading, to put it on track to snap a five-session losing streak in which it shed 6.6%. The company disclosed in a presentation for an industrial conference that expects fourth-quarter volumes to decline about 11% from a year ago. That compares guidance provided in October, when Chief Financial Officer Robert Knight said, according to a FactSet transcript, that fourth-quarter volume was expected to decline "at a similar level" to the 8% decline experienced in the third quarter. The company said it expects fourth-quarter revenue to be down a "similar" but "slightly less" percentage as volumes, while the current FactSet revenue consensus of $5.38 billion implies a 6.6% decline. Union Pacific said it expects 2019 pricing "well in excess" of inflation dollars. The stock has rallied 7.4% over the past three months, while the Dow Jones Transportation Average has gained 5.5% and the Dow Jones Industrial Average has advanced 5.1%.
Union Pacific (NYSE: UNP) is suing the city of Palestine, Texas, to nullify a 150-year-old contract to keep a certain number of jobs in the town indefinitely. The agreement between Union Pacific and Palestine — which was signed in 1872 — dates back to the days when the city was at the crossroads of several railroad companies that promised to keep jobs there indefinitely, according to the Palestine Herald-Press. Union Pacific's lawsuit, filed Nov. 27 with the U.S. District Courts in the Eastern District of Texas, alleges the railroad's contract with Palestine should have been invalidated when the federal Surface Transportation Board became the nation's regulating authority for freight rail in 1996; and again in 1997, when Union Pacific merged with the Missouri-Pacific Railroad.
The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […]
Rob Knight, chief financial officer of Union Pacific Corporation (NYSE: UNP), will address the Credit Suisse 7th Annual Industrials Conference at 9:30 a.m. ET on Wednesday, December 4, 2019, in Palm Beach, Fla.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Alameda Corridor Transportation Authority, CA and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Employee headcount levels for the U.S. rail operations of Class I railroads hit a new low in October amid a slump in U.S. rail traffic and the transition to precision scheduled railroading (PSR). The total ...
The newly opened Butler Intermodal Terminal in Shell Rock, Iowa, is seeking customers wanting an alternative to larger Midwest rail hubs and long-haul trucking. Logistics firm Valor Victoria, shortline Iowa Northern Railway, terminal operator Watco and Class I railroad Union Pacific (NYSE: UNP) are offering an intermodal service at the Butler Intermodal Terminal in December that focuses on the international markets, the group said on Nov. 21. The service will consist of Union Pacific, which connects to the ports of Los Angeles and Long Beach in California, interchanging with Iowa Northern, which will then provide final delivery to the Butler Intermodal Terminal, the group said.
As first reported by FreightWaves of Friday, Nov. 22, Thanksgiving week will look like Christmas week in many areas of the U.S. as two winter-like storms take shape. Heavy snowfall accompanied by gusty winds will make it tough for some holiday travelers and truckers to get home on time. The first winter storm will strengthen as it moves over the northern and central Rockies from Monday, Nov. 25, into Tuesday, Nov. 26.
(Bloomberg) -- Steel, copper, aluminum and zinc shipments between the U.S. and Canada are at risk from a strike at Canadian National Railway Co.In the U.S., Union Pacific Corp., the largest freight rail provider in the West region, said this week that it would stop accepting shipments into or from CN Railway’s Canada locations until its operations return to normal.Toronto-based Hudbay Minerals Inc.’s zinc and copper shipments from its operations in Manitoba would be negatively impacted by a prolonged strike, according to a Credit Suisse Group AG report. Hudbay didn’t immediately comment.The Union Pacific notice to customers will likely hurt copper and steel shipments from the U.S., Anton Posner, the chief executive officer of supply-chain management and consulting company Mercury Resources, said in an interview. Aluminum deliveries from Quebec into the U.S. will likely be delayed, he said.“This should have an impact, but we’re not sure how much right now,” Posner said Thursday by telephone. “It’s kind of like when you’re trying to fly from Houston and the pilot comes on while sitting on the tarmac that you’re in a ground stop because LaGuardia is too congested.”About 3,200 workers at CN Railway went on strike Tuesday over issues including working conditions and medical benefits, the Teamsters Canada Rail Conference union said. Shares of the company fell for a fourth day, taking this week’s loss to 3.2% in Toronto as of Thursday.CN Railway serves all nine smelters in Canada, according to the company’s annual report. It also said it has a network of 16 metals distribution centers and the largest active fleet of railcars for metals in the country.Teck Resources Ltd. said in its 2018 annual report that its Cardinal River operations in Alberta are served by Canadian National Railway, which transports its products to ports on the west coast. The Vancouver-based company mines steelmaking coal in Cardinal River.“We have been monitoring the situation closely, assessing potential impacts and implementing mitigation strategies,” Teck spokesman Chris Stannell said in an emailed statement, without providing details. “Any stoppage of rail service is negative for the Canadian economy as a whole. It negatively affects shippers both in terms of business and international reputation with customers.”Hamilton, Ontario-based Stelco Holdings Inc. Chairman Alan Kestenbaum said his company hasn’t been impacted by the strike.“We have our own rail cars and have various alternatives including using barge, ship, truck and alternative rail line,” he said in a text message.Alcoa Corp. spokesman Jim Beck said “there’s no current impact on shipments from the smelters we operate, but we’re closely monitoring the situation.” The largest U.S. aluminum producer runs smelters at Baie-Comeau, Becancour and Deschambault in Canada.\--With assistance from Joe Richter.To contact the reporters on this story: Joe Deaux in New York at firstname.lastname@example.org;Aoyon Ashraf in Toronto at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
OMAHA, Neb. , Nov. 19, 2019 /PRNewswire/ -- Union Pacific Corporation (NYSE: UNP; and "Union Pacific" or the "Corporation" ) today announced the expiration of its private offers to ...
OMAHA, Neb., Nov. 14, 2019 /PRNewswire/ -- Union Pacific Corporation announced that Christopher J. Williams has been elected to the company's board of directors. Williams, 61, is chairman of Siebert Williams Shank & Co., one of America's largest women- and minority-owned investment banks. "Chris is a highly regarded financial services industry leader who brings a unique combination of strategy development, business experience and financial acumen to our board," said Lance Fritz, Union Pacific chairman, president and chief executive officer.
OMAHA, Neb., Nov. 14, 2019 /PRNewswire/ -- The Board of Directors of Union Pacific Corporation (UNP) has declared a quarterly dividend of 97 cents per share on the company's common stock, payable December 30, 2019, to shareholders of record November 29, 2019. Union Pacific Railroad is the principal operating company of Union Pacific Corporation (UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain.
We are positive about Kansas City Southern's (KSU) decision to hike its quarterly dividend. The company's cost management also bodes well.
Some rail unions are becoming more vocal about the rail industry's practice of furloughing employees, saying the cuts in staffing that have resulted because of precision scheduled railroading (PSR) are stretching the workforce too thin. "Mass layoffs have been a disturbing and central component of PSR operations... Railroads may want us to believe these workers are extraneous, but it has become clear that reductions are simply about cutting costs, even if those cuts result in the degradation of safety," said the October 29 policy statement of the Transportation Trades Department (TTD) of the AFL-CIO, which is a coalition of 33 member unions. Furloughing employees is a long-standing practice of the freight railroads and serves as a means of adjusting staffing levels to meet demand.
FreightWaves contributor Jim Blaze has already declared that we are in a recession for U.S. rail freight. Shareholders are still happy, with Union Pacific (NYSE: UNP) and Kansas City Southern (NYSE: KSU) beating the S&P Index over the past 12 months (see graph below), and beating it handily in the case of Kansas City Southern. As a result of the strong results, railroad shares are back to trading near all-time highs both in absolute terms and on forward price-earnings multiples.