Kansas City SouthernNYSE
Tue, Oct. 18, 8:30 AM
- Kansas City Southern (NYSE:KSU) reports operating margin rate dropped 170 bps to 33.1% in Q3.
- Revenue by segment: Chemical & Petroleum: $124.3M (+1%); Industrial & Consumer Products: $140.5M (-6%); Agriculture & Minerals: $113.4M (+3%); Energy: $62.8M (-15%); Intermodal: $88.6M (-7%); Automotive: $51.4M (-6%), Other: $23.5M (-4%).
- Total carload volume fell 4% to 561.7K during the period.
- Revenue per carload/unit declined 1% to $1,034.
- KSU -0.12% premarket.
Tue, Oct. 18, 8:02 AM
Mon, Oct. 17, 5:30 PM
Fri, Sep. 30, 4:51 AM
- A New Jersey commuter train crashed into Hoboken Terminal Thursday morning, killing one person and injuring over a hundred, renewing a focus on a mandatory anti-collision system that has been plagued by lengthy delays.
- By law, NJ Transit is required to have a positive train control system in place by the end of 2018.
- Amtrak has rolled out PTC on its network, while freight railroads have mostly been rolling out the technology a section of track at a time.
- Related tickers: UNP, CSX, NSC, CNI, CP, KSU, WAB
Wed, Aug. 17, 4:19 PM
Tue, Jul. 19, 8:19 AM
- Kansas City Southern (NYSE:KSU) reports operating margin rate rose 680 bps to 38.7% in Q2.
- Revenue by segment: Chemical & Petroleum: $122.4M (+6%); Industrial & Consumer Products: $136.1M (-6%); Agriculture & Minerals: $115.1M (+10%); Energy: $37.2M (-16%); Intermodal: $91.4M (-7%); Automotive: $44.6M (-19%), Other: $21.7M (-8%).
- Total carload volume flat Y/Y at 537.3K during the period.
- Revenue per carload/unit decreased 3% to $1,018.
- KSU +1.97% premarket.
Tue, Jul. 19, 8:01 AM
Mon, Jul. 18, 5:30 PM
Thu, Jul. 14, 2:27 PM
- The U.S. Department of Transportation proposes new rules for train cars carrying crude oil, including a requirement that carriers report to state officials the routes of trains and how much oil they would carry.
- Under the proposed new rules, rail carriers would be required to have spill plans for the maximum potential amount of oil spilled, and would have to notify state and tribal governments about the number of cars carrying crude oil that would pass through an area on a weekly basis, the route the trains would travel, and any hazardous cargo the trains would be carrying.
- Concern over potential oil train derailments has grown as the amount of oil shipped by rail has grown due to increased production in North Dakota and elsewhere; 11 cars from an oil train derailed last month in Oregon.
- Relevant tickers include CSX, UNP, NSC, KSU.
Thu, Jun. 9, 9:34 AM
- Total U.S. carload traffic for the first 22 weeks of 2016 is down 8% to 10,923,300 carloads, according to data from the Association of American Railroads. Weak demand for transport of coal and petroleum products continues to be major factor.
- Intermodal containers and trailers traffic fell 2% to 5,648,851 units.
- U.S. rail traffic volume decreased 14% to 5,274,449 carloads.
- Railroad traffic is also lower in Canada (-8%) and Mexico (-0.1%) on a YTD comparison.
- Railroad stocks: UNP, NSC, CSX, CNI, ARII, GBX, CP, KSU, CNI, WAB, TRN.
Thu, May 12, 7:17 AM
Fri, May 6, 5:19 PM
- Kansas City Southern (NYSE:KSU) declares $0.33/share quarterly dividend, in line with previous.
- Forward yield 1.42%
- Payable July 6; for shareholders of record June 13; ex-div June 9.
Tue, Apr. 19, 8:04 AM
- Kansas City Southern (NYSE:KSU): Q1 EPS of $1.03 beats by $0.06.
- Revenue of $562.7M (-6.7% Y/Y) misses by $3.52M.
Mon, Apr. 18, 5:30 PM
Mon, Apr. 11, 5:45 PM
- Canadian Pacific (NYSE:CP) CEO Hunter Harrison says its board will meet next week to consider using the cash once planned to acquire Norfolk Southern (NYSE:NSC) for a possible buyback, dividend or both.
- The CEO tells Reuters that CP Rail's failed bid for NSC, which he attributed to multiple factors including critical statements by the U.S. Justice Department and the U.S. Army, did not spell the end of mergers in the rail industry.
- Some analysts have speculated that Kansas City Southern (NYSE:KSU) could be a deal candidate, and the regulatory barriers might be lower than in the CP-NSC scenario, but Harrison says KSU, which he calls expensive, is "not a good fit."
- In today's trade: CP +3.4%, NSC -2.6%, KSU +0.1%.
- Now read Is Canadian Pacific smoking that 'Don Quixote'?
Wed, Apr. 6, 12:07 PM
- Transportation stocks have decoupled from broad market averages this week on some macroeconomic concerns.
- Notable movers include Heartland Express (HTLD -2.3%), Universal Truckload Services (UACL -3.8%), Kansas City Southern (KSU -1.7%), CSX Corp (CSX -1%), Genesee & Wyoming (GWR -1%), Spirit Airlines (SAVE -0.7%), Allegiant Travel (ALGT -2.7%), Ryder System (R -1.4%), and Werner Enterprises (WERN -1.2%).
- Related ETFs: IYT, XTN
- Now read U.S. Equity And Economic Review: Could We Rally From Here? Edition