Railroads

CSX Corporation (NYSE: CSX) will invest $2 billion to increase the quality, flexibility and capacity of its rail network, the company announced as part of its quarterly and full-year earnings report today. That's on top of the $1.8 billion the company invested in 2010, a year in which operating...

Norfolk Southern Corp. (NYSE: NSC) reports Q4 earnings of $1.00 versus $1.05 estimate. Norfolk Southern Corp. reports Q4 revenues of $2.4 billion versus estimates of $2.43 billion. There was no press release, the numbers were found on the company website. The stock is dropping sharply, off $1.33...

Norfolk Southern Corporation (NYSE: NSC) announced that its Board of Directors today voted to increase the regular quarterly dividend on the company's common stock by 11 percent, or 4 cents per share, from 36 to 40 cents per share. The increased dividend is payable on March 10 to stockholders of...

CSX Corporation (CSX), the second-largest U.S. railroad company, reported its fourth quarter earnings of $1.14 per share surpassing the Zacks Consensus Estimate of $1.10 and the year-ago earnings of 77 cents. Despite the increase in fuel price, earnings per share shot up 48% year over year on...

CSX Corporation (CSX), the second-largest U.S. railroad company, reported its fourth quarter earnings of $1.14 per share surpassing the Zacks Consensus Estimate of $1.10 and the year-ago earnings of 77 cents. Despite the increase in fuel price, earnings per share shot up 48% year over year on...

Sterne Agee has published a research report on CSX Corporation (NYSE: CSX) after the company reported 4Q earnings that missed expectations. In the report, Sterne Agee writes "Revenue of $2.8 billion rose 21% YoY on 13% carload growth and 8% yield growth. Volumes, excluding the extra week, were in-...

Sterne Agee has published a research report on CSX Corporation (NYSE: CSX) after the company reported 4Q earnings that missed expectations. In the report, Sterne Agee writes "Revenue of $2.8 billion rose 21% YoY on 13% carload growth and 8% yield growth. Volumes, excluding the extra week, were in-...

CSX Corporation's (NYSE: CSX) 4Q10 earnings report and guidance comments for 2011 were both better than expected and they provide a notable contrast to the 2011 outlook comments from UNP last week. “We expect CSX management to add further detail which supports their positive margin and export coal...

CSX (NYSE: CSX) reported 4Q10 EPS of $1.14, which beat Citi's and consensus' estimate. While the quarter was a bit noisy with an extra week due to variations in the calendar, the bottom line is that results were impressive, particularly on costs. Normalizing for the extra week and a 4Q10 specific...

Deutsche Bank is out with its report on CSX Corp. (NYSE: CSX), after CSX reported 4Q EPS of $1.14. In a note to clients, Deutsche Bank writes, "Yesterday after the close, CSX reported Q4 EPS of $1.14 well above Consensus of $1.09, but below our estimate of $1.17. CSX reported top-line 3% above our...

JP Morgan has raised the price target on CSX Corporation (NYSE: CSX) from $74 to $80 and maintains its Overweight rating.

Analysts at UBS downgrade Norfolk Southern Corp (NYSE: NSC) from “buy” to “neutral.” The target price for NSC has been lowered from $71 to $68. NSC shares gained 0.85% to close at $64.31 yesterday. More Analyst Ratings here

CSX Corporation (NYSE: CSX) today announced fourth quarter earnings of $430 million, or $1.14 per share, versus $303 million, or $0.77 per share, in the same period last year. This represents a 48 percent year-over-year improvement in earnings per share and a record fourth quarter for the company....