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The country's major railroads need to put more priority on safety, says US Transportation Secretary Pete Buttigieg.
Canadian National Railway, Union Pacific, Norfolk Southern and CSX are included in this Analyst Blog.
Here we pick four railroad stocks, Union Pacific (UNP), Canadian National (CNI), Norfolk Southern (NSC) and CSX Corporation (CSX), which have recently entered into collective deals with the unions.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The latest deal between Union Pacific (UNP) and the Brotherhood of Locomotive Engineers and Trainmen marks its favorable terms with unions.
Solid railway operating revenues and pro-investor steps boost Norfolk Southern (NSC).
The U.S. National Transportation Safety Board (NTSB) will hold a two-day investigative hearing June 22-23 on the Feb. 3 Norfolk Southern derailment in East Palestine, Ohio, board chair Jennifer Homendy said on Tuesday. Earlier this month, a U.S. Senate panel approved rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train that derailed in Ohio in which cars carrying toxic vinyl chloride and other hazardous chemicals spilled and caught fire. Homendy said the investigative hearing that will be held at the high school in East Palestine will have four panels and she hopes the NTSB can issue a final report on the derailment by early 2024 but it could be later.
High operating expenses are likely to have hurt Golar LNG's (GLNG) Q1 2023 performance.
The latest deal between CSX and Sheet Metal, Air, Rail and Transportation Workers-Transportation Division CSRA marks CSX's favorable terms with unions.
Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Norfolk Southern, DraftKings, Union Pacific, and AnaptysBio. Norfolk Southern (NYSE:NSC) shares rose more than 2% pre-market today after two Wall Street firms upgraded the company, as InvestingPro reported in real time. Wells Fargo upgraded the company to Overweight from Equal Weight and raised its price target to $250.00 from $225.00.
The latest deal between Norfolk Southern (NSC) and BLET marks the former's favorable terms with unions.
High costs are likely to have hurt Diana Shipping's (DSX) Q1 performance.
Pete Buttigieg's time as Transportation Secretary has been anything but under the radar.
nion Pacific, CSX and Norfolk Southern are part of the Zacks Industry Outlook article.
Slowdown in freight demand is likely to have hurt ZIM Integrated Shipping's (ZIM) first-quarter performance.
Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the railroad concealed safety risks prior to the February derailment in Ohio of a train carrying hazardous chemicals. The proposed class action filed in Manhattan federal court covers investors who own $4.75 billion of Norfolk Southern senior notes and bonds from eight offerings between Aug. 2020 and Jan. 2023. Bondholders said Norfolk Southern is strictly liable for having in offering prospectuses touted its focus on safety and downplayed the risks of "Precision Scheduled Railroading," which employs longer and heavier trains that require fewer workers.
The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, UNP, CSX and NSC, which investors might consider keeping on their radar.
Norfolk Southern looks to rebound from several high-profile train derailments.
High fuel costs are likely to have dented FLEX LNG's (FLNG) first-quarter 2023 performance.
Today we're going to take a look at the well-established Norfolk Southern Corporation ( NYSE:NSC ). The company's stock...
A Norfolk Southern freight train that derailed near New Castle, Pennsylvania, on Wednesday night received an alarm several miles before the incident, according to preliminary findings released Friday by the National Transportation Safety Board (NTSB). The derailment of nine train cars was about 20 miles (32 km)from the site of a Feb. 3 incident in East Palestine, Ohio, in which Norfolk Southern-operated train cars carrying toxic vinyl chloride and other hazardous chemicals spilled and caught fire.
Norfolk Southern CEO Alan Shaw discusses the train derailment that occurred in East Palestine, Ohio, and breaks down the company's plans to prevent derailments and ensure customer safety in the future.
The National Transportation Safety Board (NTSB) said on Thursday it is investigating the derailment of a Norfolk Southern freight train near New Castle, Pennsylvania, the latest incident involving the railroad. The Pennsylvania derailment Wednesday is about 20 miles from the site of a Feb. 3 East Palestine, Ohio Norfolk Southern-operated train incident that caused cars carrying toxic vinyl chloride and other hazardous chemicals to spill and catch fire. Norfolk Southern said Thursday that on Wednesday night nine cars derailed and there were no reported injuries or hazardous material concerns.
Shake Shack and Community Bancshares are part of the Zacks Bull and Bear of the Day article.