75.57 +0.14 (0.19%)
After hours: 4:11PM EDT
|Bid||70.91 x 100|
|Ask||79.95 x 100|
|Day's Range||75.33 - 75.93|
|52 Week Range||70.59 - 85.73|
|PE Ratio (TTM)||13.34|
|Forward Dividend & Yield||1.41 (1.89%)|
|1y Target Est||N/A|
Disappointing performance by Energy unit hurts Kansas City Southern's (KSU) Q1 results. Improvement in overall carload volumes encourage.
Canadian National Railway Co will buy 350 boxcars to satisfy rising demand for transporting commodities across North America, the country's biggest freight railroad operator said on Wednesday. The move ...
Canada’s largest railroad, Canadian National Railway (CNI), witnessed a high single-digit rise in its carload traffic in the week ended April 7, 2018, or Week 14. The railroad’s railcar traffic (excluding intermodal) grew 8.9% YoY (year-over-year) in Week 14 of 2018, to ~66,300 railcars from ~60,800 in Week 14 of 2017. Compared with rival Canadian Pacific Railway’s (CP) 2.1% carload traffic gains, CNI’s growth in the same category was far greater.
In this article, we’ll take a look at analysts’ recommendations on CSX (CSX) and its peers in view of its upcoming 1Q18 earnings. There were some changes in analysts’ opinions toward CSX following its 4Q17 earnings. Of the 26 analysts covering the stock, six (23.1%) now have “strong buy” opinions on the stock.
As is evident from its policy decisions, which include rate cuts, trade wars, and the easing of lending via the amendment of the Dodd-Frank Act, the Trump administration is pushing for domestic manufacturing. Railroads (XLI) could see improved traction and consistent growth amid improving coal and industrial output in 2018. Berkshire Hathaway’s (BRK.B) BNSF consistently grew its business in 2017 on higher operating profits aided by investments made to improve efficiency.
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Union Pacific, Canadian National Railway and Halliburton
Canadian Pacific Railway’s (CP) carload traffic fell 2.1% YoY (year-over-year) in Week 13 of 2018, to ~33,800 carloads from ~34,500. In contrast, rival Canadian National Railway (CNI) saw its carload traffic rise 5.6% YoY, and US and Canadian railroads’ carload volumes rose.
Canadian National Railway (CNI), Canada’s largest rail freight carrier, saw its carload traffic rise 5.6% YoY (year-over-year) in Week 13 of 2018, to 64,500 railcars (excluding intermodal) from 61,100. In contrast, Canadian Pacific Railway’s (CP) carload traffic fell 2.2%. Canadian National’s carload volumes rose more than Canadian railroads overall in Week 13 of 2018.
The smallest US Class I railroad, Kansas City Southern (KSU), reported a high-single-digit fall in its carload traffic in Week 13 of 2018, by 7.1% YoY (year-over-year). The company hauled ~23,500 carloads in 2018, ~1,800 fewer than in Week 13 of 2017. In contrast, US railroads’ (XLI) carload volumes rose 2.8%.
US Railroads: Could They See Higher Dividends in 2018? As railroads are capital-intensive, they have historically low levels of dividend yields in the industrials space. Over the last three years, the forward dividend yield of US Class I railroads (XLI) has risen due to a fall or rangebound stock prices.