Railroads

Goldman Sachs is out with its report today on CSX (NYSE: CSX), maintaining Buy. In a note to clients, Goldman Sachs writes, "Our Buy rating on CSX is based on our expectation of upside to consensus estimates due to: (1) increased export coal demand that is driving pricing and volumes, (2) share...

The Board of Directors of Canadian Pacific Railway Limited (NYSE: CP) today declared an increase in CP's next quarterly dividend to thirty cents ($0.30) Canadian per share on the outstanding Common Shares, from twenty-seven cents ($0.27) per share. The increased dividend is payable on July 25,...

CN (NYSE: CNI) announced today it has refinanced its revolving credit facility with a new four-year $800-million facility co-led by The Bank of Nova Scotia, J.P. Morgan Securities LLC, and BMO Capital Markets. CN plans to use the credit facility for working capital and general corporate purposes,...

Kansas City Southern De Mexico (NYSE: KSU) plans $200M 10-yr debt sale says Bloomberg.

Kansas City Southern (NYSE: KSU) announced today that its wholly-owned subsidiary, Kansas City Southern de México, S.A. de C.V., a Mexican corporation, has commenced a cash tender offer for all of its $32.4 million outstanding aggregate principal amount of 7-5/8% Senior Notes due 2013 and a consent...

Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors voted today to increase the quarterly dividend on the company's common shares by 25 percent to 47.5 cents per share. The increased dividend is payable July 1, 2011, to stockholders of record on May 31, 2011. The Board...

This morning the major stock market indexes are all coming under some selling pressure for the fourth consecutive trading day. There is one sector that is bucking the short term trend and it the highly popular transportation index. This morning the Dow Jones Transportation ETF(NYSE: IYT) is trading...

Jefferies, which raised its PT on shares of Norfolk Southern (NYSE: NSC), is providing some color on the stock. “We downgraded NSC to Hold as the stock nears our price target and following a massive sentiment swing,” Jefferies writes. “We'd revisit our rating upon a pull-back. “YTD, NSC's up 19...

CSX Corporation (NYSE: CSX) today announced that its Board of Directors has approved a 3-for-1 stock split, a 38 percent increase in the quarterly dividend on its common stock, and a $2 billion share buyback program. "These actions reflect the success of CSX and its confidence in the future,"...

CSX Corp (NYSE: CSX) Raises Quarterly Dividend to $0.36/Share; Boost of 38%

Talk about being shareholder friendly. Shares of CSX Corp (NYSE: CSX) nearly jumped back into positive territory after the company announced it would be splitting shares three for one, announced a $2 billion buyback, and significantly raised its dividend, raising the dividend 38% to 36 cents per...

Jefferies & Company has downgraded Norfolk Southern (NYSE: NSC) from Buy to Hold and maintains its $78 price target.

Gainers (% price change) Euroseas Ltd. (ESEA) owns and operates drybulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers is trading at a price of $4.45, a dramatic change of +0.08 (1.73%) from its previous day's...

Genesee & Wyoming (NYSE: GWR) reported Q1 EPS of $0.52 which was below Deutsche Bank's estimate and consensus of $0.57. Q1 results were constrained by heavy Australian rains, GWR's Canadian operations, which were adversely impacted by severe winter weather and lower shipments of winter grain as...

Deutsche Bank has raised the price target on Genesee & Wyoming (NYSE: GWR) from $62 to $70 and maintains its Buy rating.