Railroads

Legendary investor Warren Buffett may have shocked the investing world recently with an announcement that he will be stepping down as the longtime CEO of Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) at the end of 2025. With the latest news, here's a look back at some of the largest acquisitions made by...

CSX Corp. (NASDAQ:CSX) released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.  The Details: CSX reported quarterly GAAP earnings of 34 cents per share, which missed the analyst consensus estimate of 37 cents. Quarterly revenue came in at...

CSX Corp (NASDAQ:CSX) tanked in early trading on Friday, after the company reported disappointing fourth-quarter revenues. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. BMO Capital Markets On CSX Analyst Fadi Chamoun reiterated an...

CSX Corp. (NASDAQ:CSX) reported its fourth-quarter financial results after Thursday's closing bell. Here's a look at the key figures from the quarter.  The Details: CSX reported quarterly earnings of 42 cents per share, inline with the analyst consensus estimate. Quarterly revenue came in at $3.54...

CSX Corporation (NASDAQ:CSX) shares are trading lower after the railroad company reported its third-quarter financial results after Wednesday's closing bell. Here's a look at the key figures from the quarter. The Details: CSX reported quarterly GAAP earnings of 46 cents per share, which missed the...

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in container freight rates by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert. “With the looming strikes at Canadian railways and...

CSX Corporation (NASDAQ:CSX) shares are up after the company reported its second-quarter financial results Monday. Here's a look at the details from the report.  The Details: CSX reported quarterly earnings of 49 cents per share on revenue of $3.7 billion, slightly below the analyst consensus...

RBC Capital analyst Walter Spracklin reiterated a Sector Perform rating for shares of Norfolk Southern Corp (NYSE:NSC) with a price target of $270. The company reported preliminary first-quarter FY24 revenues of $3.004 billion and an adjusted EPS of $2.49. The company reiterated guidance for the...

Legendary investor Warren Buffett is a fan of railroads, especially one of the leading railroad companies in North America, which is owned by Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B). Buffett received some criticism and concerns about overpayment for the railway, but the legendary...

Ten days after a Norfolk Southern (NYSE:NSC) train carrying hazardous materials derailed in Ohio, the more than 1,500 residents forced to evacuate the area continue to wonder if it's safe to come back home. Norfolk stock opened Monday trading with a 2% drop in price after news of the derailment...

In September, the nation's largest rail unions began negotiating with rail companies to establish better schedules, more pay and paid sick time for its track maintenance workers. Now, four out of the 12 rail unions are yet to ratify the tentative agreements, as SMART - Transportation...

Chassis shortages and efforts to dig out containers at rail terminals continue to characterize the rail side of the U.S. import supply chain in some areas, according to customer advisories published this week by Maersk and Hapag-Lloyd. Maersk is continuing to see "high impact" for rail operations...

Greenbrier's Q4 railcar orders total 5,500 Railcar manufacturer Greenbrier has received orders worth over $530 million for 5,500 railcars. The Lake Oswego, Oregon-headquartered company said the orders are for a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers...

Union Pacific will increase the amount of biodiesel that fuels locomotives used for Progress Rail. Progress Rail, a Caterpillar (NYSE: CAT) subsidiary that provides rolling stock and infrastructure solutions to rail customers worldwide, has agreed to use up to a 20% biodiesel blend for specific...

As major mergers and the infrastructure bill loom, freight rail interests are calling upon federal regulators not to burden their industry with additional mandates that they say could stymie investments for innovation. Last week, the Association of American Railroads (AAR) urged the Surface...