The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred…
CSX Corp. (NYSE: CSX) reported fiscal third quarter results before markets opened this morning. For the quarter, the railroad operator posted diluted earnings per share (EPS) of $0.44 on revenues of $2.89…
Paul Ausick The three major U.S. stock indexes opened higher this morning following a report that economic sentiment in Germany came in better than expected (more coverage here) and that U.K. inflation was lower…
The rail sector has taken a hit this morning after Norfolk Southern Corp. (NYSE: NSC) warned late yesterday that its third-quarter earnings will fall well below expectations. Norfolk Southern now expects earnings…
Shares of Union Pacific Corp. (NYSE: UNP) are up about 18% over the past 12 months, trailing only Canadian Pacific Railway Ltd. (NYSE: CP), up 21%, and Kansas City Southern (NYSE: KSU),…
The three major US stock indexes opened modestly lower this morning as there was little news out of Europe and Asian markets closed mixed. Traders were waiting to hear more from Fed…
The three major US stock indexes opened higher this morning in advance of Fed Chairman Ben Bernanke’s semi-annual report to Congress and following some data on inflation (more coverage here), industrial production,…
The 16-member board of directors of Canadian Pacific Railway Ltd. (NYSE: CP) today includes 7 new members nominated by William Ackman and his hedge fund, Pershing Square Capital Management. The new board…
The past year has not been particularly kind to rail car makers. That may be changing, with FreightCar America Inc.’s (NASDAQ: RAIL) first quarter earnings report out this morning. Despite lower rail…
If any of the major US railroads needed a good quarter, it was Canadian Pacific Railway Ltd. (NYSE: CP). The company has been fighting a running battle with activist investor William Ackman…
US railroads have suffered from the warm winter with falling volume on coal transportation, but rising prices for gasoline and diesel fuel have bumped up container (intermodal) traffic and taken much of…
Genesee & Wyoming Inc. (NYSE: GWR) this morning released its traffic volume report for March and for the first quarter of 2012. The news is not good, but it’s also not unexpected.…
The Dow Jones Transportation Average has risen just 7.7% in the past five years, and barely 3% in the past 12 months. Not exciting, that’s for sure, except for the ride to…
US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in the early…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning: ABB Limited (NYSE: ABB) Cut to Equal Weight at Morgan Stanley.…
