182.10 0.00 (0.00%)
After hours: 5:14PM EST
|Bid||181.77 x 1400|
|Ask||182.67 x 900|
|Day's Range||181.66 - 184.49|
|52 Week Range||149.09 - 188.96|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||21.73|
|Forward Dividend & Yield||3.88 (2.11%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||N/A|
Active traders often look to the transportation sector for clues about market direction. These charts suggest prices are headed higher.
Year-to-date U.S. rail volumes remain lower than the same period in 2019 as Class I rail executives cautiously pin their expectations for volume growth to the second half of this year. U.S. rail traffic totaled 1.9 million carloads and intermodal units for the first four weeks of the year, a 7.6% drop from the same period in 2019, according to the Association of American Railroads. Of that, U.S. rail operations originated 7.2% fewer carloads, at 924,394 carloads, while intermodal units slipped 7.9% to 976,238 intermodal containers and trailers.
With U.S. coal volumes facing a secular decline, U.S. Class I railroads are focused on making their intermodal and merchandise services competitive with the trucking market by revamping their strategy on interline lanes, judging from recent actions by the railroads. On Monday, Union Pacific (NYSE: UNP) told customers of its premium segment that it would open a number of domestic interline lanes originating on Union Pacific (UP) and destined for various points in the Eastern U.S. These lanes, which interchange with Norfolk Southern (NYSE: NSC) and CSX (NASDAQ: CSX) will be activated on Saturday. UP's premium segment includes its intermodal service.
The Zacks Analyst Blog Highlights: Walt Disney, Union Pacific, Petrobras, PNC Financial Services and Marriott International
The Wuhan coronavirus, formally known as 2019-nCoV for 2019 novel coronavirus, is spreading faster in Chinese cities, particularly in Hubei Province's Wuhan in central China. The Passport Research team has conducted research to compile what's known so far about the virus from an epidemiological standpoint and what the likely macroeconomic and freight effects of the outbreak may be. Learn more about Passport Research here.
Cost-control efforts are likely to have aided most transportation companies' Q4 to cope with low revenues caused by weak freight demand.
During earnings season, FreightWaves will be covering many companies across all modes, as well as shippers and retailers. Each week we will recap the most interesting company earnings and any merger-and-acquisition ...
Longer trains and headcount reductions are among the initiatives that Union Pacific (NYSE: UNP) expects to deploy to improve its operating ratio in 2020. Operating ratio (OR), a measure of a company's financial health, can be calculated by dividing operating expenses by revenue. The operating efficiencies that UP has laid out for the year follow expectations for rail volumes to grow by about 1% in 2020 amid gains for its agricultural and intermodal segments and despite anticipated declines for coal and frac sand.
Another batch of solid earnings reports—including a monster performance from chipmaker Intel (INTC)—could combine with retreating fears of the coronavirus to set a positive tone early Friday. Today’s action could determine whether the S&P 500 Index (SPX) ends up rising or falling for the week. It’s been three weeks since the SPX had a losing week.
Shares of Union Pacific were off 1.2% to $184.90 Friday as analysts reacted to the railroad company's latest earnings, which missed Wall Street forecasts. The Omaha, Nebraska-based company reported fourth-quarter earnings of $1.4 billion, or $2.02 a share, down from $2.12 a share a year ago. "Given the challenging volume environment, we leveraged strong productivity to deliver solid financial results including the third consecutive quarter with an operating ratio below 60 percent," Lance Fritz, chairman, president and CEO, said in a statement.
The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market. The S&P and the Nasdaq had both been trading down before news late in the session that Gilead Sciences Inc was assessing its experimental Ebola drug as a possible treatment for the virus.
Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China. Health officials in China put millions of people on lockdown in efforts to contain a coronavirus outbreak that has so far claimed 18 lives, but the World Health Organization (WHO) announced it was "a bit too early" to declare the virus a global health emergency. Additionally, a spate of earnings reports, while beating Street estimates in many cases, have failed to impress investors.
The market is dropping today, so it’s no surprise to see utilities and real estate among the best performing sectors in the S&P 500. But why are industrial’s performing so well? We have an idea.
Union Pacific (NYSE: UNP )'s fourth-quarter net profit dipped 10% amid a drop in operating revenue. Net income for the fourth quarter of 2019 totaled $1.44 billion, or $2.02/diluted share, compared with ...
Freight traffic fell more than expected, dropping 11% year over year, but the railroad’s fierce cost cuts brought in earnings only slightly below Wall Street’s forecasts.