Stephen Rosenman's  Instablog

Stephen Rosenman
Send Message
Stephen Rosenman enjoys analyzing the financial health of companies and pointing out areas the market is either not recognizing or ignoring. A long time investor, I put my money where my mouth is. That's why I'm passionate about my positions. I trumpet companies I believe in and back my articles... More
My blog:
Stephen Rosenman
  • By Land and By Sea: PART 2 - Norfolk Southern Reports An Amazing March 0 comments
    May 16, 2010 6:10 PM | about stocks: NSC

        Norfolk Southern, in their conference call, gave strong evidence of a recovery (  Total shipments were up 9% over first quarter last year.   Each of their business groups reached year high loadings except for automotive.  The numbers are starling:
            "...merchandise volume increased by 16% in the quarter, of that total, agricultural volume up 21% was our second highest quarter ever and was led by increased shipments of ethanol, up 23%, export grain up 5200 carloads or nearly 450% and fertilizers up 128%."
         However, the big story was March, which saw extraordinary growth, up 19% over last year, way beyond expected.  The conference call talks about it, but the full impact of the data isn't evident unless you look at the slides ( agriculture up 25%, metals up 31%, chemicals up 30%,  and intermodal up 24%.  
         The data shows a bullish market in agriculture, metals, and chemicals, boding well for the economy. 

    Disclosure: no positions

    Stocks: NSC
Back To Stephen Rosenman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.