Railroads

The largest rail network in Canada, Canadian National Railway Company (CNI) reported adjusted earnings per share of C$1.19 ($1.14) in the third quarter of 2010, easily surpassing the Zacks Consensus Estimate of $1.12. Adjusted earnings increased 27% from the year-ago earnings of 94 Canadian...

CN (NYSE: CNI) announced today that it has reached a tentative labour agreement with the Teamsters Canada Rail Conference union representing locomotive engineers who work on the Company's Northern Quebec Internal Short Line. The agreement, retroactive to Dec. 15, 2009, would apply to 45 employees,...

The railroad stocks seem to have lost some steam going into Norfolk Southern's (NYSE: NSC) earnings report tonight. Shares of CSX (NYSE: CSX) are down 88 cents to $60.38, a loss of 1.4%. Union Pacific Corporation (NYSE: UNP) is really getting hit hard today, dropping $2.16, a loss of 2.5% to $85.20...

Foreign telecom services industry is trading 3.37% lower today. In the space, Multiband Corporation (NASDAQ: MBND) showed some weakness, and fell 8.81% in the first part of the day. Appliances are trading lower on Wednesday. The group dropped 3.23% in the first half of the day. Whirlpool...

Canadian Natl Rail (NYSE: CNI) is downgraded from Buy to Hold at BB&T Capital Markets. CNI is currently trading 3.50% lower at $64.24.

Dahlman Rose has published a research report on Canadian National Railway Company (NYSE: CNI) following strong results from the company's 3Q. In the report, Dahlman Rose writes "Revenue grew 15% to C$2.12 Bn, largely in line with our estimate and slightly above consensus estimate of $2.10 Bn....

J.P. Morgan Chase & Co. has raised its price target on Kansas City Southern (NYSE: KSU) to $54 from $48, and is keeping its Overweight rating. In a note to clients, J.P. Morgan writes, "We are raising our 2011 EPS estimate from $2.55 to $2.70 to reflect incrementally stronger yield growth (...

Canadian National Railway Company (NYSE: CNI) reports Q3 earnings of $1.19 versus consensus of $1.13. Canadian National Railway Company reports revenues of $2.12 billion versus consensus of $2.12 billion. "CN's impressive performance is more than an economic recovery story. We are starting to see...

CN (NYSE: CNI) today reported its financial and operating results for the third quarter and nine-month period ended Sept. 30, 2010.   Third-quarter 2010 highlights   - Net income increased by 21 per cent to C$556 million. - Diluted earnings per share (EPS) of C$1.19 increased...

Norfolk Southern Corporation (NYSE: NSC) today announced the regular quarterly dividend of 36 cents per share on its common stock, payable on Dec. 10, to stockholders of record on Nov. 5.

Kansas City Southern (NYSE: KSU) reported third quarter 2010 revenues of $438.3 million. Revenues were reduced by widespread flooding and resultant damage to Kansas City Southern de Mexico's track and bridge infrastructure caused by Hurricane Alex during the month of July. Based on the initial...

Wells Fargo has upgraded Union Pacific Corporation (NYSE: UNP) to Outperform following results that Wells Fargo found impressive for 3Q. In the report, Wells Fargo writes "We think UNP produced results that demonstrate how pricing discipline and productivity initiatives can create attractive...

Union Pacific Corporation (NYSE: UNP) was downgraded by Robert W Baird from "outperform" to "neutral." UNP's shares closed at $85.26 yesterday. Union Pacific's 52-week trading range is $53.25-$87.32. Deutsche Bank downgraded SunTrust Banks Inc. (NYSE: STI) from "buy" to "hold." STI's stock closed...

Deutsche Bank is reiterating its Buy rating on Union Pacific Corporation (NYSE: UNP) after the company reported earnings yesterday that were better than expected, and shares sold off. It has a $92 price target. In a note to clients, Deutsche Bank states, "We have raised our 2010 EPS estimate by a...