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…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday. Adobe Systems Inc. (NASDAQ: ADBE) raised to Outperform at RBC Capital Markets.…
The three major US stock indexes opened mixed this morning with the Nasdaq Composite slightly negative on an unexpectedly weak earnings report from Apple Inc. (NASDAQ: AAPL) (more coverage here). A weak…
The three major US stock indexes opened roughly flat this morning as Spanish 10-year bond yields rose to 7.5% and Moody’s cut Germany’s outlook to ‘negative’ after the markets closed last night…
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 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…
Markets opened higher this morning, led by the Nasdaq which got a big boost from the strong report last night from Apple Inc. (NASDAQ: AAPL). The report from the US Census Bureau…
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.…
Markets opened higher this morning after positive news on new unemployment benefits claims and manufacturing (more coverage here). Indexes have risen more or less steadily all day, with the S&P set to…
Jon OggThese are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Advanced Micro Devices, Inc. (NYSE: AMD) Raised to Buy at Jefferies. Aixtron SE (NASDAQ:…
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…
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.…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Agrium Inc. (NYSE: AGU) Cut to Sector Perform from Outperform at RBC…
Railroads and trucking companies have, for the most part, seen share prices rise over the past 12 months, while ocean-going shippers have taken a severe beating. Of four railroads, CSX Corp. (NYSE:…
