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Dahlman Rose has issued a research report on Rail Transportation reporting upbeat tones for earnings season as EPS results are better than expected.
In the report, Dahlman Rose writes "Weekly changes in rail traffic were led by a 36% increase in metallic ores and mineral volumes vs the prior week's 27.5% increase, an 8.4% growth in automobiles vs 13% in week 39, a 12.7% increase in non-metallic minerals vs 3.5% a week ago, and an 8.9% increase in chemicals vs 7.4% in the prior week. Agricultural product volumes increased 0.4% vs the prior week's 4.8% increase. Intermodal yielded a 13.9% increase vs 16.7% in week 39. Coal was up 6.9%, vs. an increase of 6% in week 39, and “other” increased 10.2%, vs a 3.4% increase in the prior week."
Companies related to this report include:
Canadian National Railway
CNI Buy $66.47 $70.00
Canadian Pacific
CP Hold $65.20 --
CSX Corp
CSX Buy $59.54 $73.00
Genesee & Wyoming
GWR Hold $44.73 --
Kansas City Southern
KSU Hold $41.42 --
Norfolk Southern Corp.
NSC Buy $61.51 $67.00
RailAmerica
RA Hold $10.16 --
Union Pacific
UNP Buy $85.21 $92.00
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Posted In: Analyst ColorAnalyst Ratingscanadian nationalcanadian pacificcsx corpDahlman Rosegenesee & wyomingIndustrialsKansas City Southernnorfolk southernRailAmericaRailroadsunion pacific
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