Railroads

Railroad giant Union Pacific Corp. (UNP) reported excellent results for the second quarter 2010, beating the Zacks Consensus Estimate by 19 cents. Overall, the analysts are bullish on the stock, given the company’s impressive results. The impressive performance was driven by a robust operating...

SAN DIEGO (TheStreet) -- A seesawing stock market favors companies such as insurer Chubb (NYSE: CB), oil firm Chevron (NYSE: CVX) and Canadian National Railway (NYSE: CNI), says Dan Neiman, who helps manage the Neiman Large Cap Value Fund (NEIMX). The mutual fund, which garners a full five stars...

Analysts at Dahlman Rose maintain their "hold" rating on Genesee & Wyoming (NYSE: GWR), while raising their estimates for the company. GWR reported its 2Q10 EPS from continuing operations ahead of the estimates and the consensus. According to Dahlman Rose, “Revenue grew 21.8% y/y to $158.5 MM,...

We are upgrading our recommendation on CSX Corporation (CSX) to Outperform from Neutral based on the solid second-quarter results and an improving outlook along with overall volume gains in various commodity businesses. The company's second-quarter results surpassed the Zacks Consensus Estimate on...

During the economic downturn, the railroad industry suffered more than most industries. That’s because the railroad business is closely tied to economic growth. When the economy fell into a deep recession, there wasn’t much demand for rail transport. In response to the slowdown, railroads slashed...

Wells Fargo Securities is raising earnings estimates on a slew of companies this morning. A few of the companies being raised are Dole Food Company, Inc. (NYSE: DOLE), Anadarko Petroleum Corporation (NYSE: APC), Duke Energy Corporation (NYSE: DUK), Petrohawk Energy Corporation (NYSE: HK), Emerson...

Union Pacific (UNP) is firing on all cylinders. Volumes are up; pricing is robust; and profit margins are higher. Its business momentum should remain strong throughout the second half of 2010 even if economic growth continues to decelerate. Growth and Income The company is expected to grow its...

Canadian Pacific Railway Limited (CP), Canada’s second largest railway, reported adjusted earnings per share of 92 Canadian cents (89 cents per share) in the second quarter, surpassing the Zacks Consensus Estimate of 82 cents. Adjusted earnings jumped 96% year over year from 47 Canadian cents per...

Dahlman Rose is out with an update on the rail sector as all six public railroads have reported earnings. Norfolk Southern (NYSE: NSC), CSX (NYSE: CSX), Union Pacific (NYSE: UNP), Canadian National Railway (USA) (NYSE: CNI), Kansas City Southern (NYSE: KSU), Canadian Pacific (CP: NYSE) and Rail...

NEW YORK (TheStreet) -- Most people consider Warren Buffett a value investor, but his methods aren't so simple. His style has evolved over the years and incorporated strategies of growth investing. For this reason -- having taught his principles for 20 years and benefited from them personally, and...

Kansas City Southern (NYSE: KSU) saw a 193% increase in its operating income to $127M, above the estimate of $113M made by Dahlman Rose. Revenues continue to outgrow operating expenses (revenues grew 26% while operating costs grew 10%) and Dahlman has raised its EPS estimates $0.05 to $1.90 and $2...

Analysts at Goldman Sachs reiterated their Neutral rating on shares of Norfolk Southern Corporation (NSC) while increasing their price target to $59 from $57. Going forward Goldman Sachs sees NSC "as a strong rail operator with an attractive long-term intermodal growth opportunity." Norfolk...

Railroad company Norfolk Southern Corp. (NYSE: NSC) said Tuesday that second-quarter earnings rose 59 percent as the economy turned around from last year. The Virginia-based company earned $392 million, or $1.04 per share, compared with $247 million, or 66 cents per share, a year earlier. Revenue...

Norfolk Southern Corporation (NYSE: NSC) today announced that its board of directors has authorized the repurchase of up to an additional 50 million shares of its common stock through Dec. 31, 2014. In combination with the previous share repurchase program that expires on Dec. 31, 2010, the total...

Norfolk Southern Corp. (NYSE: NSC) reports Q2 earnings of $1.04 versus estimates of $1.01. Norfolk Southern Corp. reports Q2 revenues of $2.43 billion versus estimates of $2.40 billion. Overall revenues increased 31% year over year. Coal revenues increased 36% year over year. "Norfolk Southern...