Transportation Road and Rail

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  • The Johns Creek, Georgia- based company said it had net income of 42 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Three analysts surveyed by Zacks expected $285.3 million.

  • BEIJING, April 27- China's rail freight volume fell 9.0 percent in the first quarter of 2016 from a year earlier to 791 million tonnes, the country's top economic planner said on Wednesday. The tepid reading comes after China posted its weakest economic growth in 25 years in 2015.. Many China watchers look to rail volumes along with other activity gauges such as...

  • Investors also are watching for the outcome of policy meetings by the U.S. Federal Reserve and Bank of Japan. Japan's benchmark Nikkei 225 lost 0.4 percent to 17,276.52. Benchmark U.S. crude oil rose 44 cents to $44.48 a barrel in electronic trading on the New York Mercantile Exchange.

  • EDEN PRAIRIE, Minn. _ C.H. Robinson Worldwide Inc. on Tuesday reported first-quarter earnings of $119 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. Nine analysts surveyed by Zacks expected $3.2 billion.

  • NEW YORK— All times local. ConocoPhillips jumped 4 percent Tuesday, while Pioneer Natural Resources climbed 8 percent. Trucking company Ryder System rose 6 percent after reporting results that were better than analysts had expected.

  • Canada's biggest railroad, which reported a 4.3 percent fall in first-quarter revenue, said it now expected 2016 adjusted earnings per share to match last year's C $4.44. Reduced freight volumes due to a slump in oil prices, a string of bankruptcies in the coal industry and increased competition from trucks have been weighing on railroad operators in Canada...

  • CHICAGO, April 21- Norfolk Southern Corp on Thursday reported a quarterly profit that was lifted by cost cutting and measures taken to streamline operations, shaking off a 6 percent freight decline and sending the railroad's stock up more than 3 percent. Like all the other major U.S. railroads, the Norfolk, Virginia- based company has had to do that while...

  • CHICAGO, April 21- No. 4 U.S. railroad Norfolk Southern Corp on Thursday reported a higher quarterly profit that handily beat expectations, as cost cutting and measures taken to streamline operations offset a 6 percent decline in freight volumes. The Norfolk, Virginia- based company reported first-quarter net income of $387 million or $1.29 per share, up 25...

  • PHOENIX _ Swift Transportation Co. on Thursday reported first-quarter earnings of $32 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Swift Transportation shares have risen 26 percent since the beginning of the year.

  • MONDOVI, Wis. _ Marten Transport Ltd. on Thursday reported first-quarter net income of $8.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Marten Transport shares have climbed 5 percent since the beginning of the year.

  • CHICAGO, April 21- Union Pacific Corp on Thursday posted an unexpectedly higher first-quarter profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales. Omaha, Nebraska- based Union Pacific reported an 8 percent decline in freight volumes from a year earlier,...

  • CHICAGO, April 21- Union Pacific Corp on Thursday posted an unexpectedly better quarterly profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales. For the first quarter of 2016, Omaha, Nebraska- based Union Pacific reported an 8 percent decline in freight...

  • OMAHA, Neb.— Union Pacific's first-quarter profit fell 15 percent, hit by a steep decline in the amount of freight hauled due to weak energy and commodity prices. Union Pacific Corp. said coal shipments fell 34 percent in the quarter, but there were also declines in shipments of industrial products, agricultural crops and intermodal containers.

  • *Raises dividend to C $0.50/ share from C $0.35. MONTREAL/ TORONTO April 20- Canadian Pacific Railway Ltd plans to pay out dividends and put its funds toward share buybacks rather than building a cash hoard after failing in a recent M&A quest, its chief executive said on Wednesday. "We're not going to sit on cash unless we have an idea of what we're going to do with it," CEO...

  • PHOENIX _ Knight Transportation Inc. on Wednesday reported first-quarter net income of $22.6 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Knight Transportation shares have climbed 10 percent since the beginning of the year.

  • *Raises dividend to C $0.50/ share from C $0.35. April 20- Canadian Pacific Railway Ltd's plans to repurchase up to 5 percent of its shares may have fallen short of expectations, a week after Canada's second-largest railroad abandoned its bid to buy Norfolk Southern Corp.. As of Tuesday's close of C $189.95, the repurchase would be worth about C $1.31 billion.

  • *Raises dividend to C $0.50/ shr from C $0.35. *Q1 adj earnings/shr C $2.22 vs est. Canada's No. 2 railroad raised its quarterly dividend to 50 Canadian cents per share from 35 Canadian cents.

  • As of Tuesday's close of C $189.95, the buyback would be worth about C $1.31 billion. Canada's No. 2 railroad raised its quarterly dividend to 50 Canadian cents per share from 35 Canadian cents. CP's net income rose to C $540 million, or C $3.51 per share, in the three months ended March 31, from C $320 million, or C $1.92 per share, a year earlier.

  • LOWELL, Ark. _ JB Hunt Transport Services Inc. on Monday reported first-quarter earnings of $100.1 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Six analysts surveyed by Zacks expected $1.55 billion.

  • CHICAGO, April 13- No. 3 U.S. railroad CSX Corp said on Wednesday its expects "mid-to-high single digit" freight volume declines in the second quarter due largely to slumping coal demand, but its top executive said there are signs America's industrial economy may avoid a recession. "During the fourth quarter, there was a risk of an industrial recession," chief...