Canadian National Railways reported a modest Q3 earnings beat. $CNI is not seeing labor issues and is in good shape from a labor standpoint which was a concern with investors after JB Hunt reported earnings. Fellow Canadian rail giant Canadian Pacific recently beat out CNI in merging with Kansas City Southern $KSU.
Kansas City Southern Railway Bidding Wars With Canadian Pacific and Canadian National
Kansas City Southern is at the center of a bidding war between Canadian Pacific and Canadian National sending $KSU up +18.73 to $288.33. $CP sweetened its buyout offer in a bid to push merger rival $CNI away.
CSX Railroad Earnings Boost From Feed Grain, Oils, Ethanol and Construction Shipments
Railway giant CSX Corp delivered better than expected Q3 earnings, though earnings fell 4% as weakness in coal and intermodal dragged revenues lower. $CSX train velocity improved 13% to record levels while car dwell remained relatively stable near record levels.
CSX Railroad Earnings Lower as Intermodal Volume Decreased
Railway giant CSX Corp delivered worse than expected Q2 earnings. Favorable mix and pricing gains across most markets were more than offset by intermodal volume decreases and lower other revenue. $CSX was down over 6% on the release
CSX Railroad Earnings Beat With Record Operating Ratio
Railway giant CSX Corp delivered better than expected Q3 earnings. $CSX achieved a record operating rartio with increases in fuel recovery, price rises and volume growth in most markets. Railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later this week.
CSX Delivers Strong Railroad Earnings With Coal Volumes Rising
Railway giant CSX Corp delivered better than expected Q2 earnings. Coal volumes were 7% higher. Increases in fuel recovery, price rises and volume growth in most markets, helped $CSX. Railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later this week.
Rio Tinto Approved For Massive Autonomous AutoHaul Iron Ore Trains
Mining giant Rio Tinto has been approved by the Australian Office of the National Rail Safety Regulator to operate the world’s first heavy haul, long distance autonomous rail operation for it’s ironore operatioin in Western Australia. $RIO says AutoHaul will improve safety, productivity and lower costs.
CSX Delivers Strong Railroad Earnings, Gains From Tax Reform
Railway giant $CSX delivered better than expected Q4 earnings and posted a $3.6 billion gain from the new Tax laws. Other railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later in the week.
Railway Earnings Help Guage Health of Economic Recovery
Railway companies have long been a favorite of investor legend Warren Buffett. We get to guage the underlying strength he looks for with earnings from railway giants $CSX, Canadian Pacific $CP and Kansas City Southern $KSU.
The NAFTA Affect on Canadian Railways
Should the U.S. government move to disband the NAFTA the affect on Canadian rail giants Canadian Pacific $CP and Canadian National Railways $CN the affect will be immediate.