Railroads

Norfolk Southern (NYSE: NSC) CEO Wick Moorman and Tennessee Gov. Bill Haslam joined state and local dignitaries and business and community leaders today at the groundbreaking for the new Memphis Regional Intermodal Facility in Rossville, Tenn. The $105 million facility is part of the multi-state $2...

The announcement of a large new iron ore contract in Australia along with several other more modest pieces of new business highlights the significant growth potential of Genesee & Wyoming (NYSE: GWR) over the next several years. JP Morgan is raising its 2011 EPS estimates to reflect GWR's...

JP Morgan has raised the price target on Genesee & Wyoming (NYSE: GWR) from $54 to $64 and maintains its Neutral rating.

The Dow Jones Transportation Index(DJT) is one of the most highly followed indexes by traders and investors. This afternoon the Dow Jones Transport Index is trading at a new 52 week high on the charts. This index can be easily followed or traded by using the iShares Dow Jones Transportation ETF(...

In today's UBS research summary, UBS lowered the price target of Flextronics International (NASDAQ: FLEX) from $10 to $9.50. UBS increased the price targets of Arrow Electronics (NYSE: ARW) from $47 to $52, Baker Hughes (NYSE: BHI) from $87 to $95, Buckeye Technologies (NYSE: BKI) from $28 to $29...

Dahlman Rose raised its Norfolk Southern (NYSE: NSC) price target from $76 to $84 in a research report published today. Dahlman Rose has previously given Norfolk Southern a Buy rating. In the report, Dahlman Rose states, "Norfolk Southern ramped hiring in 4Q10 and 1Q11 and should be well-...

Jefferies is out with its report today on Norfolk Southern (NYSE: NSC), raising its PT from $77 to $78. In a note to clients, Jefferies writes, "Our upwardly revised year-end 2011e target price of $78/share is based on an unchanged year-end 2011e target P/E of 14.0x our revised 2012e estimate. Our...

Deutsche Bank is out with its report today on Norfolk Souther (NYSE: NSC), raising its PT from $78 to $79. In a note to clients, Deutsche Bank writes, "We have raised our 2011-12 EPS estimates to $4.82 and $5.46, respectively, up from $4.61 and $5.42. Our new estimates incorporate Q1's upside...

Genesee & Wyoming (NYSE: GWR) reported net income in the first quarter of 2011 of $22.1 million, compared with net income of $16.0 million in the first quarter of 2010. GWI's diluted earnings per share (EPS) increased 33% from $0.39 with 41.4 million weighted average shares outstanding in the...

Genesee & Wyoming (NYSE: GWR) Reports EPS of $0.52 vs. $0.57 Estimate; Revenues $191.9M vs. $190.53M Estimate

Genesee & Wyoming (NYSE: GWR) announced today that its subsidiary, Genesee & Wyoming Australia has signed a rail haulage agreement with a subsidiary of WPG Resources to transport 3.3 million tons per year of hematite iron ore from WPG's Peculiar Knob mine in South Australia. GWA plans to...

Norfolk Southern (NYSE: NSC) Reports EPS $1.00 ex-items vs $0.90 Est.; Revenues $2.62B vs $2.48B Est.

Dahlman Rose & Co. has a $79 price target and a Buy rating on shares of Canadian National (NYSE: CNI) after it reported earnings yesterday. In a note to investors, Dahlman Rose writes, "While Canadian National beat our and consensus earnings estimates slightly, we believe there is a degree of...

Gainers (% price change) Delta Air Lines, Inc. (DAL): +0.99 (11.00%)- In the past year, the shares have traded as low as $8.91 and as high as $14.54. On average, 18457400 shares of DAL exchange hands on a given day and today's volume is recorded at 32420604. The stock may bounce back to test the...

ConocoPhillips (NYSE: COP) is expected to post its Q1 EPS at $1.95 on revenue of $61.72 billion. Hess Corp (NYSE: HES) is expected to post its Q1 earnings at $1.95 per share on revenue of $9.45 billion. MeadWestvaco Corp (NYSE: MWV) is projected to report its Q1 EPS at $0.23 on revenue of $1.39...