Railroad

CSX Corporation (NASDAQ:CSX) shares are up after the company reported its second-quarter financial results Monday. Here's a look at the details from the report.  The Details: CSX reported quarterly earnings of 49 cents per share on revenue of $3.7 billion, slightly below the analyst consensus...

Norfolk Southern Corp (NYSE:NSC) shares are trading higher in Thursday’s after-hours session on the heels of the company’s second-quarter financial results. Here’s a rundown of the report. What Happened: Norfolk Southern reported railway operating revenue of $3 billion, up 2% year...

CSX Corp (NASDAQ:CSX) shares have been in focus after U.S. Sen. Tommy Tuberville‘s latest regulatory filing. CSX also reported its first-quarter results on Wednesday, which came amid an exciting earnings season. Here are some key analyst takeaways from the release. BofA Securities On CSX Analyst...

Old Dominion Freight Line Inc (NASDAQ:ODFL) shares are diving after it reported fourth-quarter FY23 results. Revenue rose 0.3% Y/Y to $1.496 billion, marginally missing the consensus of $1.497 billion. The slight increase in revenue is primarily due to a 3.0% rise in LTL revenue per...

British billionaire Chris Hohn is an activist investor who founded The Children's Investment (TCI) Fund Management in 2003. The fund manages The Children's Investment Master Fund. TCI Fund Management is value-oriented and invests globally in businesses with...

The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a government-led negotiation between railroad companies and rail unions. What Happened: On Wednesday, the U.S. House of Representatives passed a piece of legislation...

In September, the nation's largest rail unions began negotiating with rail companies to establish better schedules, more pay and paid sick time for its track maintenance workers. Now, four out of the 12 rail unions are yet to ratify the tentative agreements, as SMART - Transportation...

While Norfolk Southern Corp. (NYSE: NSC) is continuing with its strategic overhaul, which it initiated in 2018, the improvements are “now palpable and are accelerating,” according to BofA Securities. The Norfolk Southern Analyst: Ken Hoexter upgraded the rating for Norfolk Southern from...

Short line Indiana Rail Road (INRD) is planning a multiyear expansion of intermodal facilities for customers that want service to and from the Indianapolis market and Canadian and U.S. West Coast ports. INRD has kicked off the first phase of its expansion project, which will span three years and...

Southern Oklahoma doesn't normally spring to mind as a hub for global trade, but economic leaders hope a new 200-acre logistics park will be a catalyst for growth for inbound cargo and exports. Federal, state, and local officials recently broke ground on the site of the $124 million Global...

While Greenbrier Companies Inc (NYSE: GBX) shares declining on fears of macro growth having peaked, any deceleration would impact freight flows more than the company’s performance, according to BofA Securities. The Greenbrier Analyst: Ken Hoexter upgraded the rating for Greenbrier...

A subsidiary of short line operator Genesee & Wyoming (G&W) has acquired and will operate a bulk transfer facility serving the Central Valley of California. Ivory Choice Terminal (ICTC), a subsidiary of G&W's contract rail and related services division, has acquired a facility formerly...

The U.S. Department of Transportation (DOT) is supporting efforts to bring Amtrak service to the Gulf Coast, acknowledging the challenges that stakeholders have had in reaching a consensus over infrastructure and operational needs. A Monday letter from DOT, representing the interests of the agency...

Canadian Pacific Railway Ltd (NYSE: CP) and Kansas City Southern (NYSE: KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a...