70.86 0.00 (0.00%)
After hours: 5:07PM EDT
|Bid||70.40 x 800|
|Ask||70.75 x 1200|
|Day's Range||69.94 - 71.21|
|52 Week Range||48.26 - 76.24|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||10.21|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||0.88 (1.28%)|
|1y Target Est||78.89|
Industrials are feeling the pinch of the volatile market. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, Scott Gamm and Seema Shah of Principal Global Investors discuss.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves.
On October 10, the AAR (Association of American Railroads) released the weekly traffic data for Week 40, which ended on October 6. The rail data are divided into carload traffic and intermodal units. Intermodal units are expressed in containers and truck trailers. There are 12 major North American railroad companies that submit weekly data to the AAR.
This week, Class 1 railroads will begin reporting their third quarter earnings, beginning with CSX Corporation's (NASDAQ: CSX) call on Tuesday, October 16, after markets close. Ahead of those calls, Susquehanna Financial Group's transport equities analyst Bascome Majors published an optimistic Q3 preview note anticipating beats across the industry. A wave of cost-cutting has swept across the railroad sector, inspired by Hunter Harrison's spectacular results at Canadian National Railway (NYSE: CNI), Canadian Pacific Railway Limited (NYSE: CP), and CSX.
One of the most overlooked $54 billion companies in the market is medical devices maker Boston Scientific, which is enjoying a great year. Most of the airline sector is boasting attractive valuations right now, and UAL stands out as it has shown great relative strength versus its peers this year.
Duckworth Construction Company has been awarded a permit for work on the 14th floor of the building, located at 500 Water St.
CSX's third-quarter 2018 results are likely to be aided by higher revenues from the coal, intermodal and merchandise segments, and reduced costs from the Precision Scheduled Railroading model.
Canadian Pacific Railway (CP) registered 6% YoY (year-over-year) carload traffic growth in week 39. CP moved ~37,100 railcars excluding intermodal traffic in the week compared to ~35,000 units in the same week last year. The railroad’s YoY rail traffic volume gain of 2.8% was in third place during the week. Union Pacific (UNP) remained in first place with 4.9% gains. CSX (CSX) with a 4% gain ranked second. Kansas City Southern (KSU) ranked fourth in terms of week 39’s total volume gains.
In week 39, Canadian National Railway (CNI) recorded a 1.4% YoY (year-over-year) carload traffic gain. The railroad moved ~67,300 railcars excluding intermodal traffic from ~66,400 units in the comparable period of 2017.
A long-simmering dispute between CSX Corporation (NYSE: CSX) and its rival Norfolk Southern Corporation (NYSE: NSC) has landed in court, with CSX claiming that Norfolk Southern's control of a small railroad within the port of Hampton Roads is all but blocking CSX from launching any intermodal service from there. According to the case filed last week kin U.S. District Court for the Eastern District of Virginia, the focus of the suit is the Norfolk & Portsmouth Belt Line Railroad (NPBL). It is jointly owned by CSX and Norfolk Southern and was described in the suit as a "terminal switching railroad." According to the lawsuit, it was created in 1896 to be shared by many railroads, and ownership was distributed among many railroads, with none having a controlling interest.
CSX (CSX), a major Eastern US railroad, reported 5.9% YoY (year-over-year) growth in week 39 carload traffic. The company moved ~73,100 railcars excluding intermodal units in the week compared to 69,000 units in the same period last year.
Solid demand for air travel boosts Allegiant's (ALGT) September traffic. Load factor improves on the back of traffic growth outweighing capacity expansion.
Norfolk Southern (NSC) is a major railroad in the Eastern United States. In week 39, Norfolk Southern recorded a 1.9% YoY (year-over-year) fall in carload traffic. The railroad carried ~69,700 railcars except for intermodal units in the week compared to ~71,000 in the same week last year.
The AAR (Association of American Railroads) published its weekly traffic data on October 3. The data pertained to 12 major North American railroads during week 39, which ended on September 29. The rail traffic data is grouped into carload traffic and intermodal units. Intermodal units are expressed in containers and truck trailers.
CSX (CSX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rail stocks stand out in a weak market. Canadian National, Canadian Pacific, CSX, Union Pacific and more are on track amid a strong economy, a new trade deal and rising gas prices.
CSX Transportation (CSX) today announced that Edward J. Kelly, III has advised CSX’s Board of Directors that he will retire from the Board in January 2019, following the release of CSX’s fourth quarter earnings. Mr. Kelly has served on the Board for more than 16 years, including ten years as either Presiding Director or Chairman. The Board has elected John J. Zillmer as Chairman, effective upon Mr. Kelly’s retirement. James M. Foote, President and Chief Executive Officer, said “on behalf of the Board and all CSX employees, I would like to thank Ned for his extraordinary leadership, dedication and contributions to CSX.
Two giants of the rail industry made the move in an attempt to simplify their customers' supply chains.
Two more lawsuits have been filed alleging Jacksonville, Florida-based train giant CSX is responsible for Hurricane Florence-related flooding in Lumberton.