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Norfolk Southern (NSC) lowers its Q3 earnings outlook due to declines in certain markets and...

Norfolk Southern (NSC) lowers its Q3 earnings outlook due to declines in certain markets and lower revenues from fuel surcharges. NSC expects decreased coal and merchandise shipments, offset in part by growth in intermodal volumes, to reduce revenues by ~$120M Q/Q. NSC -5.8% AH, other rails also move lower: CSX -4.8%, KSU -3.5%, UNP -2%.
Comments (9)
  • Drew Robertson
    , contributor
    Comments (313) | Send Message
     
    This shouldn't have been a surprise. Here's NS up to last week $NSC http://bit.ly/S5CzOa more numbers tmrw at railfax
    19 Sep 2012, 04:28 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    That's a cool tool.

     

    You can really see the spread between the intermodal and coal.

     

    Why is intermodal relatively strong?
    19 Sep 2012, 05:07 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (313) | Send Message
     
    Big diversion from truckers. No dirivers. High fuel. Better RR service. But still not enough revenue to make up for 100T coal cars. You might also like futures.transmatch.com
    19 Sep 2012, 05:09 PM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    Fedex, CAT, and now one of the major rails - this is looking like an earnings season that will disappoint.
    19 Sep 2012, 05:20 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (313) | Send Message
     
    OK but remember we only get negative warnings towards the end of the quarter.
    19 Sep 2012, 07:21 PM Reply Like
  • grox01
    , contributor
    Comments (598) | Send Message
     
    Do you think it's something for a quarter or 2... or this is a trend for the year to come?
    19 Sep 2012, 05:34 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    Intermodal stays strong, carloads are weak => economic structure changing

     

    Western railroads are significantly stronger as PRB coals continue being burnt and petroleum shipment grows through the roof.

     

    BNSF carloads are up 6.8% YoY and intermodals up 3.6% in current quarter.
    20 Sep 2012, 12:30 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2584) | Send Message
     
    bot some csx today at 21.45
    20 Sep 2012, 02:59 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2584) | Send Message
     
    bot some csx today at 20.95
    26 Sep 2012, 09:55 AM Reply Like
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