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Fly News Breaks for January 30, 2020
CP
Jan 30, 2020 | 08:13 EDT
Deutsche Bank analyst Seldon Clarke raised his price target for Canadian Pacific to $280 from $263 saying the company posted another strong quarter with underlying incremental margins of over 80% for the third consecutive print. He keeps a Buy rating on the shares.
News For CP From the Last 2 Days
CP
Feb 24, 2021 | 13:23 EST
The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending February 20. For this week, total U.S. weekly rail traffic was 377,904 carloads and intermodal units, down 21.7% compared with the same week last year. Total carloads for the week ending February 20 were 171,642 carloads, down 26.3% compared with the same week in 2020, while U.S. weekly intermodal volume was 206,262 containers and trailers, down 17.4% compared to 2020. North American rail volume for the week ending February 20, on 12 reporting U.S., Canadian and Mexican railroads totaled 257,127 carloads, down 22.2% compared with the same week last year, and 286,467 intermodal units, down 11.9% compared with last year. Total combined weekly rail traffic in North America was 543,594 carloads and intermodal units, down 17.1%. North American rail volume for the first seven weeks of 2021 was 4,725,082 carloads and intermodal units, up 0.4% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link