Posted by Jason Smith at 12:51PM on January 7th
Despite a disappointing December jobs report that may renew concerns regarding the strength of the U.S. economic recovery, railroad operators, one of the more economically sensitive sectors, are enjoying a solid run today with the Railroad Stocks Index surging 0.8%.
Working On The Railroad: Buffett Adds Jobs After 2009 Cuts (BRK.A, GBX, UNP, GE, CMCSA, TMK, BAC, BRK.B)
Posted by Todd Shriber at 11:32AM on December 10th
Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) is feeling better about the U.S. economy, a notion highlighted by the 3,000 jobs Berkshire has added this year. Berkshire pared payrolls at its various business by 20,000 workers last year amid the slumping economy,…
Posted by Owen Vater at 12:09PM on October 13th
Railroad operator CSX (CSX) spiked by more than 4% on Wednesday after the firm reported better than expected third quarter results. The company earned $414 million, or $1.08 per share, compared to $290 million, or 73 cents per share, in the…
Posted by Jason Smith at 1:55PM on April 8th
Greenbrier Companies (GBX) missed second-quarter estimates by a nickel in a pre-market report on Wednesday, and shares are surging higher by 8% after a muted reaction the day of the report. Meanwhile, shares of American Railcar Industries (ARII) are also surging on…
Posted by Max Magee at 12:21PM on June 24th
Durable goods demand is up, and so are the trains used for shipment.
Economists were off the mark with their estimated -0.6% decline in May durable goods orders, which jumped instead by 1.8%. The news is supporting railroad stocks, which depend…
Posted by Max Magee at 11:57AM on April 15th
CSX Corp. (CSX) led the railroad industry ahead mid-week after beating analysts’ earnings estimates.
First-quarter profit was down by 30% for Florida-based CSX, as the slow economy depressed the demand for bulk transporting. Still, the company reported EPS of 62 cents on…
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