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BofA upgrades C.H. Robinson to Buy, seeks values in Transportation » 07:28
01/20/22
01/20
07:28
01/20/22
07:28
CHRW

C.H. Robinson

$107.52 /

-1.48 (-1.36%)

, KNX

Knight-Swift

$57.35 /

-0.01 (-0.02%)

, SNDR

Schneider National

$26.65 /

-0.48 (-1.77%)

, JBHT

J.B. Hunt

$200.69 /

+0.23 (+0.11%)

, CP

Canadian Pacific

$75.88 /

+0.29 (+0.38%)

, CSX

CSX

$35.25 /

-0.005 (-0.01%)

, NSC

Norfolk Southern

$278.20 /

+2.39 (+0.87%)

, UPS

UPS

$203.90 /

-1.71 (-0.83%)

, FDX

FedEx

$252.23 /

-1.1 (-0.43%)

BofA analyst Ken Hoexter…

BofA analyst Ken Hoexter upgraded C.H. Robinson to Buy from Neutral with a price target of $125, up from $108, as he is focused on finding value opportunities in what he expects to be a "volatile year" in the Transportation sector. Supply chain chaos drove outperformance for the group in 2021, but with the peak now past he advises investors to be selective and focus on his Buy rated picks Knight-Swift (KNX), Schneider National (SNDR), J.B. Hunt (JBHT), Canadian Pacific (CP), CSX (CSX), Norfolk Southern (NSC), UPS (UPS) and FedEx (FDX) in addition to C.H. Robinson, Hoexter said.

ShowHide Related Items >><<
UPS UPS
$203.90 /

-1.71 (-0.83%)

SNDR Schneider National
$26.65 /

-0.48 (-1.77%)

KNX Knight-Swift
$57.35 /

-0.01 (-0.02%)

JBHT J.B. Hunt
$200.69 /

+0.23 (+0.11%)

FDX FedEx
$252.23 /

-1.1 (-0.43%)

CSX CSX
$35.25 /

-0.005 (-0.01%)

CP Canadian Pacific
$75.88 /

+0.29 (+0.38%)

CHRW C.H. Robinson
$107.52 /

-1.48 (-1.36%)

CHRW C.H. Robinson
$107.52 /

-1.48 (-1.36%)

01/20/22 BofA
C.H. Robinson upgraded to Buy from Neutral at BofA
01/12/22 Citi
C.H. Robinson price target raised to $125 from $115 at Citi
01/06/22 Wolfe Research
C.H. Robinson upgraded to Outperform from Peer Perform at Wolfe Research
01/03/22 KeyBanc
C.H. Robinson upgraded to Overweight from Sector Weight at KeyBanc
KNX Knight-Swift
$57.35 /

-0.01 (-0.02%)

01/06/22 Wolfe Research
Knight-Swift downgraded to Underperform from Peer Perform at Wolfe Research
12/13/21 Wells Fargo
Knight-Swift price target raised to $69 from $63 at Wells Fargo
12/09/21 Cowen
Knight-Swift price target raised to $77 from $71 at Cowen
12/07/21 Citi
Knight-Swift price target raised to $64 from $61 at Citi
SNDR Schneider National
$26.65 /

-0.48 (-1.77%)

01/12/22 Citi
Schneider National price target raised to $29 from $28 at Citi
09/15/21
Fly Intel: Top five analyst upgrades
09/15/21 Cowen
Schneider National upgraded to Outperform at Cowen on truckers' pricing power
09/15/21 Cowen
Schneider National upgraded to Outperform from Market Perform at Cowen
JBHT J.B. Hunt
$200.69 /

+0.23 (+0.11%)

01/19/22 Cowen
J.B. Hunt price target raised to $213 from $192 at Cowen
01/19/22 KeyBanc
J.B. Hunt price target raised to $230 from $225 at KeyBanc
01/19/22 Wells Fargo
J.B. Hunt price target raised to $240 from $233 at Wells Fargo
01/14/22 Barclays
J.B. Hunt price target raised to $212 from $195 at Barclays
CP Canadian Pacific
$75.88 /

+0.29 (+0.38%)

01/19/22 Scotiabank
Canadian Pacific price target lowered to C$105 from C$106 at Scotiabank
01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
CSX CSX
$35.25 /

-0.005 (-0.01%)

01/05/22 Citi
CSX price target raised to $45 from $42 at Citi
01/04/22 Stephens
CSX price target raised to $43 from $39 at Stephens
12/15/21 UBS
CSX price target raised to $42 from $39 at UBS
12/14/21 BMO Capital
CSX price target raised to $41 from $40 at BMO Capital
NSC Norfolk Southern
$278.20 /

+2.39 (+0.87%)

01/10/22 Wells Fargo
Norfolk Southern price target raised to $337 from $316 at Wells Fargo
01/05/22 Citi
Norfolk Southern price target raised to $345 from $310 at Citi
01/04/22 Stephens
Norfolk Southern downgraded to Equal Weight from Overweight at Stephens
12/15/21 UBS
Norfolk Southern price target raised to $343 from $320 at UBS
UPS UPS
$203.90 /

-1.71 (-0.83%)

01/20/22 Exane BNP Paribas
UPS upgraded to Neutral from Underperform at Exane BNP Paribas
12/15/21
Fly Intel: Top five analyst upgrades
12/15/21 Citi
UPS upgraded to Buy from Neutral at Citi
12/03/21 JPMorgan
JPMorgan 'constructive' on FedEx shares into Q2 results
FDX FedEx
$252.23 /

-1.1 (-0.43%)

12/29/21 Argus
FedEx price target raised to $285 from $270 at Argus
12/20/21 Credit Suisse
FedEx price target raised to $336 from $330 at Credit Suisse
12/17/21 JPMorgan
FedEx price target raised to $312 from $305 at JPMorgan
12/17/21 Stephens
FedEx price target raised to $345 from $330 at Stephens
UPS UPS
$203.90 /

-1.71 (-0.83%)

SNDR Schneider National
$26.65 /

-0.48 (-1.77%)

NSC Norfolk Southern
$278.20 /

+2.39 (+0.87%)

KNX Knight-Swift
$57.35 /

-0.01 (-0.02%)

JBHT J.B. Hunt
$200.69 /

+0.23 (+0.11%)

FDX FedEx
$252.23 /

-1.1 (-0.43%)

CSX CSX
$35.25 /

-0.005 (-0.01%)

CP Canadian Pacific
$75.88 /

+0.29 (+0.38%)

CHRW C.H. Robinson
$107.52 /

-1.48 (-1.36%)

UPS UPS
$203.90 /

-1.71 (-0.83%)

SNDR Schneider National
$26.65 /

-0.48 (-1.77%)

KNX Knight-Swift
$57.35 /

-0.01 (-0.02%)

JBHT J.B. Hunt
$200.69 /

+0.23 (+0.11%)

FDX FedEx
$252.23 /

-1.1 (-0.43%)

CSX CSX
$35.25 /

-0.005 (-0.01%)

CP Canadian Pacific
$75.88 /

+0.29 (+0.38%)

UPS UPS
$203.90 /

-1.71 (-0.83%)

NSC Norfolk Southern
$278.20 /

+2.39 (+0.87%)

KNX Knight-Swift
$57.35 /

-0.01 (-0.02%)

JBHT J.B. Hunt
$200.69 /

+0.23 (+0.11%)

FDX FedEx
$252.23 /

-1.1 (-0.43%)

CSX CSX
$35.25 /

-0.005 (-0.01%)

CP Canadian Pacific
$75.88 /

+0.29 (+0.38%)

CHRW C.H. Robinson
$107.52 /

-1.48 (-1.36%)

UPS UPS
$203.90 /

-1.71 (-0.83%)

JBHT J.B. Hunt
$200.69 /

+0.23 (+0.11%)

FDX FedEx
$252.23 /

-1.1 (-0.43%)

CSX CSX
$35.25 /

-0.005 (-0.01%)

CP Canadian Pacific
$75.88 /

+0.29 (+0.38%)

Wednesday
Hot Stocks
North American rail traffic dropped 8.9% in week ended January 15 » 13:38
01/19/22
01/19
13:38
01/19/22
13:38
CNI

Canadian National

$123.65 /

+2.09 (+1.72%)

, CP

Canadian Pacific

$76.63 /

+1.04 (+1.38%)

, CSX

CSX

$35.36 /

+0.11 (+0.31%)

, KSU

Kansas City Southern

$293.64 /

+ (+0.00%)

, NSC

Norfolk Southern

$278.18 /

+2.37 (+0.86%)

, UNP

Union Pacific

$240.24 /

+2.095 (+0.88%)

, RAIL

FreightCar America

$3.74 /

-0.11 (-2.86%)

, TRN

Trinity Industries

$30.01 /

-0.285 (-0.94%)

, GBX

Greenbrier

$41.19 /

-0.93 (-2.21%)

The Association of…

The Association of American Railroads, AAR reported U.S. rail traffic for the week ending January 15. For this week, total U.S. weekly rail traffic was 493,617 carloads and intermodal units, down 6.6% compared with the same week last year. Total carloads for the week ending January 15 were 233,647 carloads, up 0.5% compared with the same week in 2021, while U.S. weekly intermodal volume was 259,970 containers and trailers, down 12.2% compared to 2021. North American rail volume for the week ending January 15, on 12 reporting U.S., Canadian and Mexican railroads totaled 323,685 carloads, down 5.3% compared with the same week last year, and 339,662 intermodal units, down 12.1 percent compared with last year. Total combined weekly rail traffic in North America was 663,347 carloads and intermodal units, down 8.9%. North American rail volume for the first two weeks of 2022 was 1,250,655 carloads and intermodal units, down 13.1% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL), Trinity Industries (TRN) and Greenbrier (GBX). Reference Link

ShowHide Related Items >><<
UNP Union Pacific
$240.24 /

+2.095 (+0.88%)

CSX CSX
$35.36 /

+0.11 (+0.31%)

CP Canadian Pacific
$76.63 /

+1.04 (+1.38%)

CNI Canadian National
$123.65 /

+2.09 (+1.72%)

CNI Canadian National
$123.65 /

+2.09 (+1.72%)

01/14/22 Deutsche Bank
Deutsche Bank upgrades Canadian National ahead of potential changes
01/14/22 Deutsche Bank
Canadian National upgraded to Buy from Hold at Deutsche Bank
01/04/22 Stephens
Canadian National price target raised to $132 from $126 at Stephens
12/16/21 National Bank
Canadian National price target raised to C$170 from C$153 at National Bank
CP Canadian Pacific
$76.63 /

+1.04 (+1.38%)

01/19/22 Scotiabank
Canadian Pacific price target lowered to C$105 from C$106 at Scotiabank
01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
CSX CSX
$35.36 /

+0.11 (+0.31%)

01/05/22 Citi
CSX price target raised to $45 from $42 at Citi
01/04/22 Stephens
CSX price target raised to $43 from $39 at Stephens
12/15/21 UBS
CSX price target raised to $42 from $39 at UBS
12/14/21 BMO Capital
CSX price target raised to $41 from $40 at BMO Capital
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
11/29/21 Deutsche Bank
Canadian Pacific downgraded to Hold on new debt at Deutsche Bank
10/04/21 Barclays
Kansas City Southern price target lowered to $275 from $310 at Barclays
09/17/21 RBC Capital
Canadian National reinstated at Outperform from Sector Perform at RBC Capital
NSC Norfolk Southern
$278.18 /

+2.37 (+0.86%)

01/10/22 Wells Fargo
Norfolk Southern price target raised to $337 from $316 at Wells Fargo
01/05/22 Citi
Norfolk Southern price target raised to $345 from $310 at Citi
01/04/22 Stephens
Norfolk Southern downgraded to Equal Weight from Overweight at Stephens
12/15/21 UBS
Norfolk Southern price target raised to $343 from $320 at UBS
UNP Union Pacific
$240.24 /

+2.095 (+0.88%)

01/14/22 Barclays
Union Pacific price target raised to $280 from $260 at Barclays
01/05/22 Citi
Union Pacific price target raised to $287 from $245 at Citi
01/04/22 Stephens
Union Pacific price target raised to $278 from $257 at Stephens
11/29/21 Deutsche Bank
Union Pacific price target raised to $270 from $261 at Deutsche Bank
RAIL FreightCar America
$3.74 /

-0.11 (-2.86%)

06/11/21 OTR Global
Railcar maker view improved to Positive from Mixed at OTR Global
TRN Trinity Industries
$30.01 /

-0.285 (-0.94%)

07/26/21 Susquehanna
Susquehanna upgrades Trinity Industries on improving rail equipment fundamentals
07/26/21 Susquehanna
Trinity Industries upgraded to Positive from Neutral at Susquehanna
02/25/21 Wells Fargo
Trinity Industries price target raised to $35 from $30 at Wells Fargo
GBX Greenbrier
$41.19 /

-0.93 (-2.21%)

01/03/22 Stephens
Wendy's, Kirby and Vizio among Stephens' 2022 Best Ideas
12/10/21
Fly Intel: Top five analyst upgrades
12/10/21 Stephens
Greenbrier upgraded to Overweight at Stephens on elongated railcar recovery
12/10/21 Stephens
Greenbrier upgraded to Overweight from Equal Weight at Stephens
UNP Union Pacific
$240.24 /

+2.095 (+0.88%)

TRN Trinity Industries
$30.01 /

-0.285 (-0.94%)

RAIL FreightCar America
$3.74 /

-0.11 (-2.86%)

NSC Norfolk Southern
$278.18 /

+2.37 (+0.86%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

GBX Greenbrier
$41.19 /

-0.93 (-2.21%)

CSX CSX
$35.36 /

+0.11 (+0.31%)

CP Canadian Pacific
$76.63 /

+1.04 (+1.38%)

CNI Canadian National
$123.65 /

+2.09 (+1.72%)

UNP Union Pacific
$240.24 /

+2.095 (+0.88%)

CSX CSX
$35.36 /

+0.11 (+0.31%)

CP Canadian Pacific
$76.63 /

+1.04 (+1.38%)

CNI Canadian National
$123.65 /

+2.09 (+1.72%)

UNP Union Pacific
$240.24 /

+2.095 (+0.88%)

RAIL FreightCar America
$3.74 /

-0.11 (-2.86%)

NSC Norfolk Southern
$278.18 /

+2.37 (+0.86%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

GBX Greenbrier
$41.19 /

-0.93 (-2.21%)

CSX CSX
$35.36 /

+0.11 (+0.31%)

CP Canadian Pacific
$76.63 /

+1.04 (+1.38%)

CNI Canadian National
$123.65 /

+2.09 (+1.72%)

UNP Union Pacific
$240.24 /

+2.095 (+0.88%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CSX CSX
$35.36 /

+0.11 (+0.31%)

CP Canadian Pacific
$76.63 /

+1.04 (+1.38%)

CNI Canadian National
$123.65 /

+2.09 (+1.72%)

Recommendations
Canadian Pacific price target lowered to C$105 from C$106 at Scotiabank » 12:05
01/19/22
01/19
12:05
01/19/22
12:05
CP

Canadian Pacific

$76.51 /

+0.92 (+1.22%)

Scotiabank analyst Konark…

Scotiabank analyst Konark Gupta lowered the firm's price target on Canadian Pacific to C$105 from C$106 and keeps an Outperform rating on the shares.

ShowHide Related Items >><<
CP Canadian Pacific
$76.51 /

+0.92 (+1.22%)

CP Canadian Pacific
$76.51 /

+0.92 (+1.22%)

01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
CP Canadian Pacific
$76.51 /

+0.92 (+1.22%)

CP Canadian Pacific
$76.51 /

+0.92 (+1.22%)

CP Canadian Pacific
$76.51 /

+0.92 (+1.22%)

CP Canadian Pacific
$76.51 /

+0.92 (+1.22%)

Hot Stocks
Ballard Power receives additional fuel cell order from Canadian Pacific » 08:36
01/19/22
01/19
08:36
01/19/22
08:36
BLDP

Ballard Power

$10.67 /

-0.315 (-2.87%)

, CP

Canadian Pacific

$75.58 /

-1.94 (-2.50%)

Ballard Power (BLDP)…

Ballard Power (BLDP) received an order for eight additional 200 kW fuel cell modules to support the expansion of Canadian Pacific's (CP) Hydrogen Locomotive Program from one to three locomotives, with expected delivery in 2022. Inclusive of Ballard's announcement in March 2021, the company will provide a total of 14 fuel cell modules, each module with a rated power output of 200 kW, to support this program. CP intends to refine the process of converting diesel-electric powertrains to hydrogen-electric powertrains over a series of three categories of locomotives.

ShowHide Related Items >><<
CP Canadian Pacific
$75.58 /

-1.94 (-2.50%)

BLDP Ballard Power
$10.67 /

-0.315 (-2.87%)

BLDP Ballard Power
$10.67 /

-0.315 (-2.87%)

01/05/22 KeyBanc
Ballard Power initiated with a Sector Weight at KeyBanc
11/20/21 Citi
Citi initiates pair trade of Overweight Plug Power, Underweight Ballard Power
11/17/21 Citi
Plug Power price target raised to $56 from $35 at Citi
11/17/21 Citi
Ballard Power downgraded to Neutral from Buy at Citi
CP Canadian Pacific
$75.58 /

-1.94 (-2.50%)

01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
CP Canadian Pacific
$75.58 /

-1.94 (-2.50%)

BLDP Ballard Power
$10.67 /

-0.315 (-2.87%)

  • 10
    Mar
  • 10
    Feb
CP Canadian Pacific
$75.58 /

-1.94 (-2.50%)

CP Canadian Pacific
$75.58 /

-1.94 (-2.50%)

BLDP Ballard Power
$10.67 /

-0.315 (-2.87%)

CP Canadian Pacific
$75.58 /

-1.94 (-2.50%)

BLDP Ballard Power
$10.67 /

-0.315 (-2.87%)

Over a week ago
Hot Stocks
Canadian Pacific responds, says CN proposal 'built on series of factual errors' » 12:26
01/13/22
01/13
12:26
01/13/22
12:26
CP

Canadian Pacific

$77.05 /

+1.28 (+1.69%)

, CNI

Canadian National

$123.55 /

+0.38 (+0.31%)

, KSU

Kansas City Southern

$293.64 /

+ (+0.00%)

Canadian Pacific Railway…

Canadian Pacific Railway (CP) issued a statement in response to CN's (CNI) Notice of Intent to file a Responsive Application asking the STB force a divestiture of KCS's lines east of Kansas City as part of the Surface Transportation Board's regulatory review of CP's proposed combination with Kansas City Southern (KSU), stating: "CN's proposal is built on a series of factual errors or misstatements. KCS's Kansas City-Springfield line is not 'parallel' to CP's line between Kansas City and Chicago. KCS's line does not reach Chicago, and contrary to CN's misleading statements, KCS's line is not part of a through route to Chicago in conjunction with CN. In fact, there is no direct connection between KCS and CN today at Springfield, and historic interchange volumes reflect the absence of any actual service here. Only four cars were interchanged by KCS at Springfield with CN in 2020 and 133 cars interchanged with CN in 2019. As part of CPKC, these lines will grow along with CPKC. CP's proposed pro-competitive combination with KCS is about growth. A future CPKC will not downgrade any lines, these included. Instead, CPKC will maintain existing levels of service on these lines and will not re-route traffic away from these lines, contrary to CN's assertions. In fact, the route from Kansas City to St. Louis and the other assets CN wants the STB to force CP to divest are important parts of the combined CPKC growth story providing new, competitive single-line routes connecting CP's network with customers and port facilities in St. Louis, and connections to eastern carriers. CP anticipates an increase of traffic on this corridor of 30 percent. CP will be responding to any formal CN request for conditions in the pending STB proceeding at the appropriate time."

ShowHide Related Items >><<
CP Canadian Pacific
$77.05 /

+1.28 (+1.69%)

CP Canadian Pacific
$77.05 /

+1.28 (+1.69%)

01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
CNI Canadian National
$123.55 /

+0.38 (+0.31%)

01/04/22 Stephens
Canadian National price target raised to $132 from $126 at Stephens
12/16/21 National Bank
Canadian National price target raised to C$170 from C$153 at National Bank
12/16/21 Vertical Research
Canadian National downgraded to Hold from Buy at Vertical Research
12/03/21 Scotiabank
Canadian National price target raised to C$168 from C$166 at Scotiabank
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

11/29/21 Deutsche Bank
Canadian Pacific downgraded to Hold on new debt at Deutsche Bank
10/04/21 Barclays
Kansas City Southern price target lowered to $275 from $310 at Barclays
09/17/21 RBC Capital
Canadian National reinstated at Outperform from Sector Perform at RBC Capital
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$77.05 /

+1.28 (+1.69%)

CNI Canadian National
$123.55 /

+0.38 (+0.31%)

CP Canadian Pacific
$77.05 /

+1.28 (+1.69%)

CNI Canadian National
$123.55 /

+0.38 (+0.31%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$77.05 /

+1.28 (+1.69%)

CNI Canadian National
$123.55 /

+0.38 (+0.31%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$77.05 /

+1.28 (+1.69%)

CNI Canadian National
$123.55 /

+0.38 (+0.31%)

Hot Stocks
CN submits notice of intent to file responsive application with STB » 07:13
01/13/22
01/13
07:13
01/13/22
07:13
CNI

Canadian National

$123.17 /

+0.9 (+0.74%)

, CP

Canadian Pacific

$75.77 /

+1.01 (+1.35%)

, KSU

Kansas City Southern

$293.64 /

+ (+0.00%)

CN (CNI) yesterday…

CN (CNI) yesterday evening submitted a notice of intent to file a responsive application on February 28, 2022, with the Surface Transportation Board in accordance with the STB's procedural schedule for review of the pending Canadian Pacific (CP) and Kansas City Southern (KSU) merger. CN's responsive application will ask the STB to condition any approval of a CP-KCS merger on the divestiture of KCS lines from Kansas City, Missouri to Springfield and East St. Louis, Illinois to CN, pursuant to the STB's statutory authority to order "the divestiture of parallel tracks" as a merger condition. The Springfield Line is a direct competitive alternative to CP's route from Kansas City to Chicago, and beyond to Detroit and eastern Canada. CP and KCS have made it clear in their merger application that they plan no investment on the Springfield Line, and instead will de-emphasize it in favor of CP's existing parallel line. Putting the Springfield Line under CN's control represents a major opportunity to improve transportation options, promote rail-to-rail competition, and take many of thousands of long-haul trucks off the road annually through increased rail-to-truck competition. CN's plan for the line will benefit all stakeholders and will advance CN's continual efforts to ensure competition and choice in our industry, while also creating new jobs and economic opportunities in the region. Specifically, with the Springfield Line, CN will: Make investments of at least $250 million in the Kansas City, Missouri to Springfield and East St. Louis, Illinois line, including terminal upgrades; Take many thousands of trucks off the road, reducing congestion and emissions; Promote competitive options for customers, including automotive and intermodal traffic, which will lead to increased economic prosperity for the Midwest in line with the goals of President Biden's executive order on competition; Open new international markets to customers, including safely and reliably linking Illinois, Indiana and Michigan manufacturers and farmers to the world; and, Preserve all existing competitive options by providing KCS access to customers on the line. Under CN's proposal, CN would make necessary capital investments to improve operating speed and terminals, yield environmental benefits, and provide additional pro-competitive options and access for auto and intermodal customers.

ShowHide Related Items >><<
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$75.77 /

+1.01 (+1.35%)

CNI Canadian National
$123.17 /

+0.9 (+0.74%)

CNI Canadian National
$123.17 /

+0.9 (+0.74%)

01/04/22 Stephens
Canadian National price target raised to $132 from $126 at Stephens
12/16/21 National Bank
Canadian National price target raised to C$170 from C$153 at National Bank
12/16/21 Vertical Research
Canadian National downgraded to Hold from Buy at Vertical Research
12/03/21 Scotiabank
Canadian National price target raised to C$168 from C$166 at Scotiabank
CP Canadian Pacific
$75.77 /

+1.01 (+1.35%)

01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

11/29/21 Deutsche Bank
Canadian Pacific downgraded to Hold on new debt at Deutsche Bank
10/04/21 Barclays
Kansas City Southern price target lowered to $275 from $310 at Barclays
09/17/21 RBC Capital
Canadian National reinstated at Outperform from Sector Perform at RBC Capital
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$75.77 /

+1.01 (+1.35%)

CNI Canadian National
$123.17 /

+0.9 (+0.74%)

CP Canadian Pacific
$75.77 /

+1.01 (+1.35%)

CNI Canadian National
$123.17 /

+0.9 (+0.74%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$75.77 /

+1.01 (+1.35%)

CNI Canadian National
$123.17 /

+0.9 (+0.74%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CP Canadian Pacific
$75.77 /

+1.01 (+1.35%)

CNI Canadian National
$123.17 /

+0.9 (+0.74%)

Hot Stocks
North American rail traffic dropped 17.4% in week ended January 8 » 14:15
01/12/22
01/12
14:15
01/12/22
14:15
CNI

Canadian National

$123.05 /

+0.78 (+0.64%)

, CP

Canadian Pacific

$75.26 /

+0.5 (+0.67%)

, CSX

CSX

$36.61 /

+0.32 (+0.88%)

, KSU

Kansas City Southern

$293.64 /

+ (+0.00%)

, NSC

Norfolk Southern

$288.08 /

+1.79 (+0.63%)

, UNP

Union Pacific

$248.18 /

+1.73 (+0.70%)

, RAIL

FreightCar America

$3.82 /

+0.08 (+2.14%)

, TRN

Trinity Industries

$30.87 /

+0.06 (+0.19%)

, GBX

Greenbrier

$40.79 /

-0.05 (-0.12%)

The Association of…

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 8. For this week, total U.S. weekly rail traffic was 440,761 carloads and intermodal units, down 16% compared with the same week last year. Total carloads for the week ending January 8 were 210,020 carloads, down 10.6% compared with the same week in 2021, while U.S. weekly intermodal volume was 230,741 containers and trailers, down 20.4% compared to 2021. For the first week of 2022, U.S. railroads reported cumulative volume of 210,020 carloads, down 10.6% from the same point last year; and 230,741 intermodal units, down 20.4% from last year. Total combined U.S. traffic for the first week of 2022 was 440,761 carloads and intermodal units, a decrease of 16% compared to last year. North American rail volume for the week ending January 8, on 12 reporting U.S., Canadian and Mexican railroads totaled 288,324 carloads, down 13% compared with the same week last year, and 298,984 intermodal units, down 21.2% compared with last year. Total combined weekly rail traffic in North America was 587,308 carloads and intermodal units, down 17.4%. North American rail volume for the first week of 2022 was 587,308 carloads and intermodal units, down 17.4% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL),Trinity Industries (TRN) and Greenbrier (GBX). Reference Link

ShowHide Related Items >><<
CSX CSX
$36.61 /

+0.32 (+0.88%)

CP Canadian Pacific
$75.26 /

+0.5 (+0.67%)

CNI Canadian National
$123.05 /

+0.78 (+0.64%)

CNI Canadian National
$123.05 /

+0.78 (+0.64%)

01/04/22 Stephens
Canadian National price target raised to $132 from $126 at Stephens
12/16/21 National Bank
Canadian National price target raised to C$170 from C$153 at National Bank
12/16/21 Vertical Research
Canadian National downgraded to Hold from Buy at Vertical Research
12/03/21 Scotiabank
Canadian National price target raised to C$168 from C$166 at Scotiabank
CP Canadian Pacific
$75.26 /

+0.5 (+0.67%)

01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
CSX CSX
$36.61 /

+0.32 (+0.88%)

01/05/22 Citi
CSX price target raised to $45 from $42 at Citi
01/04/22 Stephens
CSX price target raised to $43 from $39 at Stephens
12/15/21 UBS
CSX price target raised to $42 from $39 at UBS
12/14/21 BMO Capital
CSX price target raised to $41 from $40 at BMO Capital
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

11/29/21 Deutsche Bank
Canadian Pacific downgraded to Hold on new debt at Deutsche Bank
10/04/21 Barclays
Kansas City Southern price target lowered to $275 from $310 at Barclays
09/17/21 RBC Capital
Canadian National reinstated at Outperform from Sector Perform at RBC Capital
NSC Norfolk Southern
$288.08 /

+1.79 (+0.63%)

01/10/22 Wells Fargo
Norfolk Southern price target raised to $337 from $316 at Wells Fargo
01/05/22 Citi
Norfolk Southern price target raised to $345 from $310 at Citi
01/04/22 Stephens
Norfolk Southern downgraded to Equal Weight from Overweight at Stephens
12/15/21 UBS
Norfolk Southern price target raised to $343 from $320 at UBS
UNP Union Pacific
$248.18 /

+1.73 (+0.70%)

01/05/22 Citi
Union Pacific price target raised to $287 from $245 at Citi
01/04/22 Stephens
Union Pacific price target raised to $278 from $257 at Stephens
11/29/21 Deutsche Bank
Union Pacific price target raised to $270 from $261 at Deutsche Bank
10/22/21 RBC Capital
Union Pacific price target raised to $252 from $227 at RBC Capital
RAIL FreightCar America
$3.82 /

+0.08 (+2.14%)

06/11/21 OTR Global
Railcar maker view improved to Positive from Mixed at OTR Global
TRN Trinity Industries
$30.87 /

+0.06 (+0.19%)

07/26/21 Susquehanna
Susquehanna upgrades Trinity Industries on improving rail equipment fundamentals
07/26/21 Susquehanna
Trinity Industries upgraded to Positive from Neutral at Susquehanna
02/25/21 Wells Fargo
Trinity Industries price target raised to $35 from $30 at Wells Fargo
GBX Greenbrier
$40.79 /

-0.05 (-0.12%)

01/03/22 Stephens
Wendy's, Kirby and Vizio among Stephens' 2022 Best Ideas
12/10/21
Fly Intel: Top five analyst upgrades
12/10/21 Stephens
Greenbrier upgraded to Overweight at Stephens on elongated railcar recovery
12/10/21 Stephens
Greenbrier upgraded to Overweight from Equal Weight at Stephens
UNP Union Pacific
$248.18 /

+1.73 (+0.70%)

TRN Trinity Industries
$30.87 /

+0.06 (+0.19%)

RAIL FreightCar America
$3.82 /

+0.08 (+2.14%)

NSC Norfolk Southern
$288.08 /

+1.79 (+0.63%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

GBX Greenbrier
$40.79 /

-0.05 (-0.12%)

CSX CSX
$36.61 /

+0.32 (+0.88%)

CP Canadian Pacific
$75.26 /

+0.5 (+0.67%)

CNI Canadian National
$123.05 /

+0.78 (+0.64%)

UNP Union Pacific
$248.18 /

+1.73 (+0.70%)

CSX CSX
$36.61 /

+0.32 (+0.88%)

CP Canadian Pacific
$75.26 /

+0.5 (+0.67%)

CNI Canadian National
$123.05 /

+0.78 (+0.64%)

UNP Union Pacific
$248.18 /

+1.73 (+0.70%)

RAIL FreightCar America
$3.82 /

+0.08 (+2.14%)

NSC Norfolk Southern
$288.08 /

+1.79 (+0.63%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

GBX Greenbrier
$40.79 /

-0.05 (-0.12%)

CSX CSX
$36.61 /

+0.32 (+0.88%)

CP Canadian Pacific
$75.26 /

+0.5 (+0.67%)

CNI Canadian National
$123.05 /

+0.78 (+0.64%)

UNP Union Pacific
$248.18 /

+1.73 (+0.70%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CSX CSX
$36.61 /

+0.32 (+0.88%)

CP Canadian Pacific
$75.26 /

+0.5 (+0.67%)

CNI Canadian National
$123.05 /

+0.78 (+0.64%)

Hot Stocks
North American rail traffic fell 8.4% in week ended January 1 » 13:47
01/05/22
01/05
13:47
01/05/22
13:47
CNI

Canadian National

$121.33 /

-0.44 (-0.36%)

, CP

Canadian Pacific

$74.16 /

+0.405 (+0.55%)

, CSX

CSX

$37.85 /

+0.23 (+0.61%)

, KSU

Kansas City Southern

$293.64 /

+ (+0.00%)

, NSC

Norfolk Southern

$297.89 /

+3.12 (+1.06%)

, UNP

Union Pacific

$254.28 /

+2.28 (+0.90%)

, RAIL

FreightCar America

$4.02 /

-0.02 (-0.50%)

, TRN

Trinity Industries

$31.47 /

+0.14 (+0.45%)

, GBX

Greenbrier

$48.74 /

+1.2 (+2.52%)

The Association of…

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 1, as well as volumes for December. U.S. railroads originated 1,135,835 carloads in December, up 3.1%, or 33,918 carloads, from December 2020. U.S. railroads also originated 1,224,780 containers and trailers in December, down 8.2%, or 109,729 units, from the same month last year. Combined U.S. carload and intermodal originations in December were 2,360,615, down 3.1%, or 75,811 carloads and intermodal units from December 2020. "For most categories, rail traffic in 2021 was substantially higher than in 2020," said AAR Senior Vice President John T. Gray. "On the carload side, chemicals set a new annual record and grain had its best year since 2008. Coal carloads were up substantially because of sharply higher natural gas prices, while carloads of motor vehicles suffered as microchip shortages forced automakers to cut output. For intermodal, a record-setting first half gave way to a lower second half as supply chain challenges persisted. Still, 2021 was the second-best U.S. intermodal year ever, behind only 2018." Total U.S. weekly rail traffic was 395,371 carloads and intermodal units, down 6.3% compared with the same week last year. Total carloads for the week ending January 1, were 205,836 carloads, up 1.7% compared with the same week in 2020, while U.S. weekly intermodal volume was 189,535 containers and trailers, down 13.7% compared to 2020. Total U.S. weekly rail traffic was 395,371 carloads and intermodal units, down 6.3% compared with the same week last year. North American rail volume for the week ending January 1, on 12 reporting U.S., Canadian and Mexican railroads totaled 279,411 carloads, down 3.4% compared with the same week last year, and 248,188 intermodal units, down 13.5% compared with last year. Total combined weekly rail traffic in North America was 527,599 carloads and intermodal units, down 8.4%. North American rail volume for the first 52 weeks of 2021 was 35,585,222 carloads and intermodal units, up 4.5% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL),Trinity Industries (TRN) and Greenbrier (GBX). Reference Link

ShowHide Related Items >><<
UNP Union Pacific
$254.28 /

+2.28 (+0.90%)

TRN Trinity Industries
$31.47 /

+0.14 (+0.45%)

NSC Norfolk Southern
$297.89 /

+3.12 (+1.06%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CSX CSX
$37.85 /

+0.23 (+0.61%)

CP Canadian Pacific
$74.16 /

+0.405 (+0.55%)

CNI Canadian National
$121.33 /

-0.44 (-0.36%)

CNI Canadian National
$121.33 /

-0.44 (-0.36%)

01/04/22 Stephens
Canadian National price target raised to $132 from $126 at Stephens
12/16/21 National Bank
Canadian National price target raised to C$170 from C$153 at National Bank
12/16/21 Vertical Research
Canadian National downgraded to Hold from Buy at Vertical Research
12/03/21 Scotiabank
Canadian National price target raised to C$168 from C$166 at Scotiabank
CP Canadian Pacific
$74.16 /

+0.405 (+0.55%)

01/05/22 Citi
Canadian Pacific price target raised to $84 from $80 at Citi
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
CSX CSX
$37.85 /

+0.23 (+0.61%)

01/05/22 Citi
CSX price target raised to $45 from $42 at Citi
01/04/22 Stephens
CSX price target raised to $43 from $39 at Stephens
12/15/21 UBS
CSX price target raised to $42 from $39 at UBS
12/14/21 BMO Capital
CSX price target raised to $41 from $40 at BMO Capital
KSU Kansas City Southern
$293.64 /

+ (+0.00%)

11/29/21 Deutsche Bank
Canadian Pacific downgraded to Hold on new debt at Deutsche Bank
10/04/21 Barclays
Kansas City Southern price target lowered to $275 from $310 at Barclays
09/17/21 RBC Capital
Canadian National reinstated at Outperform from Sector Perform at RBC Capital
NSC Norfolk Southern
$297.89 /

+3.12 (+1.06%)

01/05/22 Citi
Norfolk Southern price target raised to $345 from $310 at Citi
01/04/22 Stephens
Norfolk Southern downgraded to Equal Weight from Overweight at Stephens
12/15/21 UBS
Norfolk Southern price target raised to $343 from $320 at UBS
10/28/21 TD Securities
Norfolk Southern price target raised to $330 from $315 at TD Securities
UNP Union Pacific
$254.28 /

+2.28 (+0.90%)

01/05/22 Citi
Union Pacific price target raised to $287 from $245 at Citi
01/04/22 Stephens
Union Pacific price target raised to $278 from $257 at Stephens
11/29/21 Deutsche Bank
Union Pacific price target raised to $270 from $261 at Deutsche Bank
10/22/21 RBC Capital
Union Pacific price target raised to $252 from $227 at RBC Capital
RAIL FreightCar America
$4.02 /

-0.02 (-0.50%)

06/11/21 OTR Global
Railcar maker view improved to Positive from Mixed at OTR Global
TRN Trinity Industries
$31.47 /

+0.14 (+0.45%)

07/26/21 Susquehanna
Susquehanna upgrades Trinity Industries on improving rail equipment fundamentals
07/26/21 Susquehanna
Trinity Industries upgraded to Positive from Neutral at Susquehanna
02/25/21 Wells Fargo
Trinity Industries price target raised to $35 from $30 at Wells Fargo
GBX Greenbrier
$48.74 /

+1.2 (+2.52%)

01/03/22 Stephens
Wendy's, Kirby and Vizio among Stephens' 2022 Best Ideas
12/10/21
Fly Intel: Top five analyst upgrades
12/10/21 Stephens
Greenbrier upgraded to Overweight at Stephens on elongated railcar recovery
12/10/21 Stephens
Greenbrier upgraded to Overweight from Equal Weight at Stephens
UNP Union Pacific
$254.28 /

+2.28 (+0.90%)

TRN Trinity Industries
$31.47 /

+0.14 (+0.45%)

RAIL FreightCar America
$4.02 /

-0.02 (-0.50%)

NSC Norfolk Southern
$297.89 /

+3.12 (+1.06%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

GBX Greenbrier
$48.74 /

+1.2 (+2.52%)

CSX CSX
$37.85 /

+0.23 (+0.61%)

CP Canadian Pacific
$74.16 /

+0.405 (+0.55%)

CNI Canadian National
$121.33 /

-0.44 (-0.36%)

UNP Union Pacific
$254.28 /

+2.28 (+0.90%)

CSX CSX
$37.85 /

+0.23 (+0.61%)

CP Canadian Pacific
$74.16 /

+0.405 (+0.55%)

CNI Canadian National
$121.33 /

-0.44 (-0.36%)

UNP Union Pacific
$254.28 /

+2.28 (+0.90%)

RAIL FreightCar America
$4.02 /

-0.02 (-0.50%)

NSC Norfolk Southern
$297.89 /

+3.12 (+1.06%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

GBX Greenbrier
$48.74 /

+1.2 (+2.52%)

CSX CSX
$37.85 /

+0.23 (+0.61%)

CP Canadian Pacific
$74.16 /

+0.405 (+0.55%)

CNI Canadian National
$121.33 /

-0.44 (-0.36%)

UNP Union Pacific
$254.28 /

+2.28 (+0.90%)

KSU Kansas City Southern
$293.64 /

+ (+0.00%)

CSX CSX
$37.85 /

+0.23 (+0.61%)

CP Canadian Pacific
$74.16 /

+0.405 (+0.55%)

CNI Canadian National
$121.33 /

-0.44 (-0.36%)

Recommendations
Canadian Pacific price target raised to $84 from $80 at Citi » 06:53
01/05/22
01/05
06:53
01/05/22
06:53
CP

Canadian Pacific

$73.80 /

+2.07 (+2.89%)

Citi analyst Christian…

Citi analyst Christian Wetherbee raised the firm's price target on Canadian Pacific to $84 from $80 and keeps a Buy rating on the shares. The analyst reduced Q4 estimates for the rails but generally expects results to be in line with consensus. Yields should be "quite good," offsetting weaker than expected volumes, and could be a source of upside relative to estimates, Wetherbee tells investors in a research note. Looking ahead, the analyst thinks building yield strength and the potential for "gradually unwinding congestion" will drive better volumes as 2022 progresses. As long as yields accelerate from Q3 and there is a path forward to further improvement in the first half of 2022 from resetting annual contracts, rail stocks can perform well through earnings season, contends Wetherbee.

ShowHide Related Items >><<
CP Canadian Pacific
$73.80 /

+2.07 (+2.89%)

CP Canadian Pacific
$73.80 /

+2.07 (+2.89%)

01/03/22 Susquehanna
Canadian Pacific upgraded to Positive following acquisition of KSU
01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
12/17/21 Raymond James
Canadian Pacific price target raised to C$105 from C$98 at Raymond James
CP Canadian Pacific
$73.80 /

+2.07 (+2.89%)

CP Canadian Pacific
$73.80 /

+2.07 (+2.89%)

CP Canadian Pacific
$73.80 /

+2.07 (+2.89%)

CP Canadian Pacific
$73.80 /

+2.07 (+2.89%)

Upgrade
Canadian Pacific upgraded to Positive following acquisition of KSU » 07:44
01/03/22
01/03
07:44
01/03/22
07:44
CP

Canadian Pacific

$71.95 /

+0.37 (+0.52%)

As reported previously,…

As reported previously, Susquehanna analyst Bascome Majors upgraded Canadian Pacific to Positive from Neutral with a price target of $87, up from $73. The analyst raised his rating following the acquisition of KSU and he views the combined company as a levered play in his cyclical rail optimism in the hands of what he considers to be the best management team in the industry.

ShowHide Related Items >><<
CP Canadian Pacific
$71.95 /

+0.37 (+0.52%)

CP Canadian Pacific
$71.95 /

+0.37 (+0.52%)

01/03/22 Susquehanna
Canadian Pacific upgraded to Positive from Neutral at Susquehanna
12/20/21 Evercore ISI
Canadian Pacific resumed at Outperform from In Line at Evercore ISI
12/17/21 Raymond James
Canadian Pacific price target raised to C$105 from C$98 at Raymond James
12/16/21 National Bank
Canadian Pacific price target raised to C$98 from C$97 at National Bank
CP Canadian Pacific
$71.95 /

+0.37 (+0.52%)

CP Canadian Pacific
$71.95 /

+0.37 (+0.52%)

CP Canadian Pacific
$71.95 /

+0.37 (+0.52%)

CP Canadian Pacific
$71.95 /

+0.37 (+0.52%)

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