|Bid||174.88 x 200|
|Ask||175.04 x 100|
|Day's Range||174.28 - 176.39|
|52 Week Range||143.44 - 188.80|
|PE Ratio (TTM)||13.90|
|Forward Dividend & Yield||1.80 (1.01%)|
|1y Target Est||188.44|
Trump’s pro-growth agenda in the form of a 14% cut in corporate tax and deregulation have proved major turning points for the US economy. The corporate tax cuts from 35% to 21% could result in huge savings for US companies including railroads (IYJ). Note that US railroads such as Norfolk Southern (NSC) and CSX (CSX) receive almost 100% of their revenue from the United States. Thus, a 14% reduction in the corporate tax rate would significantly boost their cash flows.
US Class I railroads’ (XLI) intermodal segments compete directly with trucking (WERN) companies. In the last two years, shippers have been shying away from the rail intermodal for their shipping needs. During those times, shippers prefer trucking companies for medium to long-haul freight services.
2016 and 2017 were particularly bad for coal traffic due to the strength in the US dollar, international markets flooded with coal, and most importantly, low natural gas prices. The natural gas prices were low due to a slump in crude oil prices, which led to a switch to natural-gas-fired power plants from coal-fired power plants. Canadian Pacific Railway (CP) earned 9.9% of revenues from its coal business, whereas the commodity’s share in total carloads was 11.6% in 2017.
GE Transportation secures 225 orders in 2018 for locomotive modernizations, as well as completes the first of 100 modernizations for Norfolk Southern . With the increased demand, GE’s one-million-square-foot facility in Fort Worth is now the world’s largest locomotive modernization facility.
The Zacks Analyst Blog Highlights: Union Pacific, Kansas City, Canadian Pacific, CSX and Norfolk
CALGARY , March 16, 2018 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its first-quarter financial and operating results at 4:01 p.m. eastern time ( 2:01 p.m. mountain time ) on April ...
THE WOODLANDS, Texas, March 16, 2018-- Smart Sand, Inc. announced today that it acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken ...
CALGARY, March 16, 2018 /PRNewswire/ - Canadian Pacific Railway Limited (CP.TO) (CP) announced today that it has completed the filing of its notice of meeting and management proxy circular for CP's 2018 annual meeting of shareholders with Canadian and U.S. securities regulators. CP's annual meeting of shareholders will be held at the Royal Canadian Pacific Pavilion at CP's Ogden Head Office in Calgary, Alberta on Thursday, May 10, 2018, at 9 a.m. mountain time. Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts, providing North American customers a competitive rail service with access to key markets in every corner of the globe.
The turnaround of Freight Railroad industry can be attributed to an improvement in the coal-related scenario and a boost in intermodal volume.
NEW YORK, March 15, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Canadian National Railway (CNI) is considered by some as the best-run North American rail carrier in the last ten years. As a result, customers’ inventories piled up and created bottlenecks at CNI’s rail terminals. To add fuel to the fire, on March 7, 2018, its competitor Canadian Pacific Railway (CP) published a press release that said its network fluidity was rising every day.