|Bid||51.45 x 100|
|Ask||58.60 x 100|
|Day's range||56.17 - 56.99|
|52-week range||35.59 - 58.25|
|PE ratio (TTM)||29.35|
|Forward dividend & yield||0.80 (1.42%)|
|1y target est||N/A|
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Kansas City Southern, Genesee & Wyoming and Union Pacific
Among the major US railroads, Canadian National Railway (CNI) had the highest OCF-to-revenues ratio of 42.7% in 9M17.
The veteran railroad exec was brought in to lead a turnaround, but with the stock up more than 50% and challenges ahead, maybe it's best to take gains now.
Transport stocks are on pace for their best week in more than a year, and some market watchers say further gains are ahead.
CSX's precision scheduled railroading and shareholder-friendly measures bode well for the company. Its 2017 guidance too holds promise.
In the week ended November 18, 2017, Jacksonville-based CSX (CSX) reported a 4.7% fall in carload traffic from the week ended November 19, 2016. CSX’s carloads fell to 69,500 units in the…
CSX Corp (CSX.O) will charge new fees for freight shipments to Mexico and hike charges for customers that fail to load or discharge railcars by agreed deadlines or ship unsafely loaded or overweight railcars as of Jan. 1, the company said. A Nov. 15 notice of the changes, seen by Reuters, would encourage customers to better conform to CSX's schedules as it faces persistent service delays and disruptions partly caused by its dramatic operations overhaul. CSX spokesman Rob Doolittle said by phone on Wednesday the charges were "in line with efforts to optimise the use of assets," including railcars.
Jacksonville-based CSX (CSX) reported a 3.4% carload loss last week (ended November 11), the 45th week of 2017.
The overall freight traffic for US rail carriers was 1.2% higher last week (ended November 11) than during the week ended November 12, 2016.
CSX Corporation (CSX) registered a 2.3% fall in freight volumes in the 44th week, which ended on November 4, 2017. The company moved ~70,400 railcars.
In week 44, which ended November 4, 2017, Norfolk Southern’s (NSC) railcar volumes rose slightly by 0.2%. However, intermodal shipments rose 7.9%.
BNSF’s Coal revenues in 3Q17 were $1 billion, a 5.9% rise from $953 million in the corresponding quarter last year.
In 3Q17, BNSF's Agricultural Products segment's freight revenues fell 9.4% to $992 million, from $1.1 billion in 3Q16.
In 3Q17, the Industrial Products segment's revenues rosed 4% to ~$1.3 billion compared to $1.2 billion in 3Q16.
In 3Q17, revenues for the Consumer Products segment rose $126 million (or 7.6%) to $1.8 billion, from $1.6 billion in 3Q16.
Burlington Northern Santa Fe’s 3Q17 revenues rose mainly due to an overall 3.1% rise in shipments. In the first nine months of 2017, freight volumes rose 6%.
Earlier today, we reported that Goldman Sachs' Matt Reustle and his team initiated coverage of the Airfreight/Logistics sector with a bullish slant, highlighting FedEx (FDX) and United Parcel Service (UPS) specifically as seeing as much as 50% earnings growth in coming years.
CSX (CSX) moved ~69,500 railcars in the 43rd week of 2017, which was 4,900 fewer units than its 74,400 carloads during the 43rd week of 2016.