SA: Canadian Pacific & Norfolk Southern – top rail transportation stocks at Jefferies
SEEKING ALPHA reports: Jefferies initiated coverage on the Class 1 rail transportation sector on Monday. Analyst Stephanie ...
SEEKING ALPHA reports:
– Earlier Sunday, Canadian Pacific (CP) locked out 3,000 employees over a labor dispute, the Company is the 2nd largest rail business in Canada, with service extending as far south as Kansas City.
– Last week, Nutrien (NTR) warned that it would need to reduce potash production if the shutdown were to last more than a few days; the statement came as fertilizer prices in the US hit record levels.
– Intermodal transport accounted for ~40% of Canadian Pacific (CP) carloads year to date, followed by grain (13%), energy (12%), coal (11%), and potash (5%).
To read the full post, please click here (free reg. is required).
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Another strong month for US ports as container flows continue to rise
DSV chief reticent on Schenker: the focus on growing market share
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article