Union Pacific CorporationNYSE
Wed, Nov. 23, 5:25 PM
- Despite Canada's planned phaseout of coal-fired power plants, the country's railways expect to ship more coal, not less, driven by a rebound in the price of steel-making coal and U.S. Pres.-elect Trump’s promise to revive the industry there, Financial Post reports.
- Canadian National Railway (NYSE:CNI) and Canadian Pacific Railway (NYSE:CP) are seeing their coal volumes bounce off Q2 lows and should continue to see carloads increase for the foreseeable future.
- “In the short term, the biggest benefit we’re going to see on coal is from that met coal price,” says Raymond James transportation analyst Steve Hansen. “On a longer-term basis, depending on the coal policies in the U.S., we could see a resurgence in some of that thermal coal volume as well.”
- Major U.S. railways, which are far more dependent on coal than their Canadian competitors, have surged since Trump's election on Nov. 8 - Norfolk Southern (NYSE:NSC) has surged 10% and Union Pacific (NYSE:UNP) has jumped 12% - but some analysts think CNI and CP, each up ~5% since the election, could catch up eventually.
Thu, Nov. 17, 2:22 PM
Thu, Nov. 17, 2:10 PM| Thu, Nov. 17, 2:10 PM | 7 Comments
Thu, Nov. 3, 8:24 AM
Thu, Oct. 20, 9:08 AM
Thu, Oct. 20, 8:01 AM
Wed, Oct. 19, 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
Thu, Jul. 28, 9:57 AM
Thu, Jul. 21, 10:28 AM
- Union Pacific (UNP -2.4%) reports freight revenue declined 13% to $4.43B in Q2 due to volume declines, lower fuel surcharge revenue.
- The company saw volume declines in coal, intermodal, industrial products, chemicals, and automotive more than offset growth in agricultural products.
- Total revenue carloads declined 11% to $2,048K.
- Average revenue per carload -2% to $2,163.
- Average train speed was up 8% to 26.6 mph during the quarter and terminal dwell time was down 5%.
- Average quarterly diesel fuel price dropped 27%.
- Operating margin rate fell 110 bps to 34.8%.
Thu, Jul. 21, 8:03 AM
Wed, Jul. 20, 5:30 PM| Wed, Jul. 20, 5:30 PM | 13 Comments
Fri, Jul. 15, 10:18 AM
- BMO technical analyst Russ Visch likes the following stocks:
- MMM: breaks out of 2-yr range, new target $205.
- AYI: successfully tested breakout at $241 level, next target $313.
- CAT: “lots of positive developments” including beginnings of a bearish-to-bullish reversal; rally above $81 would signal uptrend resuming with target of $105.
- EMR: successful retest of recent breakout, rally above $56.75 would open new target of $65.50.
- GE: breaks out of triangle pattern, next target $37, implies nearly 15% gain.
- TYC: has to breakout above $44 resistance, that would open new target of $48.
- UNP: in bearish-to-bullish reversal, new long-term uptrend underway, next target $113, implies 23% gain.
- UPS: to challenge all-time high at $114.40, breakout would be “extremely bullish” with new target $140.
- Also likes: FAST, FLR, JEC, MAS, PH, UTX, VRSK
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. 23, 5:26 PM
- Federal investigators blame Union Pacific (NYSE:UNP) for the oil train derailment along the Oregon-Washington border earlier this month, saying the company failed to properly maintain its track.
- Preliminary findings from the Federal Railroad Administration criticizes UNP for failings to detect broken bolts that triggered the accident when it inspected the tracks just before the derailment.
- UNP says it plans to resume running oil trains through the Columbia River Gorge sometime later this week despite objections from residents and elected officials.
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.