railway

Legendary investor Warren Buffett is a fan of railroads, especially one of the leading railroad companies in North America, which is owned by Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B). Buffett received some criticism and concerns about overpayment for the railway, but the legendary...

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...

President Joe Biden's executive order targeting the maritime and railroad industries, among others, calls for enhancing competition for shippers. One of the issues that the July order directs the Surface Transportation Board to examine is reciprocal switching. The board can do this by beginning a...

Union Pacific Constructing Chicago-Area Transload Facility For Agricultural Producers Union Pacific (NYSE: UNP) is constructing a grain transload facility near Chicago to benefit Midwest agricultural producers and processors and reduce their supply chain costs. The company is building the...

The future of railway-hauled scrap metals is profitable but slowly declining. FreightWaves features Market Voices – a forum for voices with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. Scrap recycling is an essential logistics...

Once dependent on drayage to move boxes to rail, GCT Bayonne now has near-dock rail to speed shipments to U.S. hinterland. The Port of New York and New Jersey's newest rail facility is now in operation, offering shippers easier intermodal access out of one the region's biggest marine...

Westinghouse Air Brake Technologies Corp (NYSE: WAB) (also known as Wabtec) a supplier of value-added products and services for rail markets, could achieve its earnings guidance over the coming years that supports a bullish stance on the stock, according to Deutsche Bank. The Analyst Deutsche...

Walt Liptak of Seaport Global initiated coverage of CSX Corporation (NASDAQ: CSX) with a Neutral rating and $31 price target, which represents a 16x multiple to his 2017 earnings per share estimate of $1.95 per share. Liptak noted that from a historical perspective, the stock has traded at an...

Norfolk Southern Corp. (NYSE: NSC) announced on Wednesday that its Board of Directors officially rejected Canadian Pacific Railway Limited (NYSE: CP)'s offer to acquire the company for $32.86 in cash and 0.451 shares of the newly combined entity. In a letter to Canadian Pacific's CEO E...

In the wake of two major train derailments and explosions involving tank cars carrying crude oil from North Dakota, the nation's railroad trade groups are calling on federal safety regulators to require all tank cars used in the rail transport of flammable liquids to be either retrofitted to more...