Union Pacific CorporationNYSE
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.
Wed, Jun. 8, 6:19 PM
- CSX, Norfolk Southern (NYSE:NSC) and Union Pacific (NYSE:UNP) posted solid gains in today's trade as lower coal stockpiles and a commodities rally led by grain and oil offer hope that the cargo slump may have hit bottom.
- CSX CFO Frank Lonegro told a Deutsche Bank conference today that farmers, who have stored grain to wait for higher prices, may begin to ship more as prices for corn, soybeans and other crops begin to climb.
- Falling coal stockpiles also are lifting investor optimism, and Lonegro says coal stockpiles have declined in the regions served by CSX, detailing 87 days of coal stocks in the northern U.S. and 113 days in the south; just two weeks ago, the CFO said there were 105 days of coal stocks in the north and 180 days in the south.
- Today, CSX closed +2%, NSC +2.6%, UNP +1.6%.
Mon, Jun. 6, 10:26 AM
- Union Pacific (UNP -0.3%) says it is resuming service immediately to the area in Oregon where Friday's oil train derailment sparked a fire that prompted the evacuation of some residents from the city of Mosier.
- UNP says the cars filled with oil have been moved off to the side of the tracks, and as a precaution operating trains will pass through the area at speeds of only 10 mph; the company says some kind of track failure likely was the cause of the derailment.
- While rail shipments have dropped from more than 1M bbl/day in 2014 because of weaker oil prices, the first such crash in a year may reignite the debate over safety concerns surrounding transporting crude by rail.
- The director of the Columbia Riverkeeper advocacy group says the crash should raise concerns about Tesoro's (TSO -1%) proposed 360K bbl/day railport in Vancouver, Wash., which would be the largest in the U.S.
- Officials from Washington state say there is no sign of oil in the Columbia River or Rock Creek.
Fri, Jun. 3, 6:01 PM
- A Union Pacific (NYSE:UNP) train towing cars full of oil derailed this afternoon in Oregon's scenic Columbia River Gorge, causing a large fire.
- Local officials say the incident involves eight cars filled with oil, with one car reportedly fully engulfed in flames and another on fire; it is not yet known if oil is spilling into the river.
- Schools in the nearby town of Mosier are being evacuated and area highways are closed.
Fri, Jun. 3, 3:20 PM
- Union Pacific (UNP +2.1%) trades higher after Morgan Stanley upgrades the railroad stock to Overweight from Equal Weight on a valuation call.
- Shares of UNP trade at less than 15X 2016 EPS estimates.
- The investment firm lifts its price target to $90 from $78.