The Railroad Week in
Fourth Quarter 1999
(This newsletter is e-mailed to subscribers every weekend and
archived on the web site with a delay of up to four weeks.)
Week ending December 25,
BNSF, CN anounce merger plans, vested interests react; CSX share prices
fall on earnings announcement; NS falls below $20 a share; e-commerce
inevitable for railraods.
Week ending December 18,
Investors bypassing rails and other value plays in favor of the
go-go tech stocks; RailAmerica makes Fortune magazine's "Top 100 Fastest-Growing
Companies" list; EWS taps new chief executive; Porvidence & Worcester
in $1 mm settlement with Bestfoods; BNSF extends share repurchase program;
Using cash flow statements to take a railroad's temperature; Shortlines
to look for increase yields for class 1 interchange.
Week ending December 11,
Canadian National reduces reduces transit times; WSJ says trucking prices
are going up; CSX strives for managing faster, simpler, closer to the
customer; RailTex reports increased carloadings for November 1999; Genesee
& Wyoming posts November 1999 traffic volumes for its North American
and Australian operations; Kansas City Southern stock upgraded.
Week ending December 4,
Capital improvements and shareholder value; more on London's passenger
train disaster; the continuing high cost of the Conrail breakup; Emons'
new York Railway Company; Genessee & Wyoming in OZ
Week ending November 27,
Wisconsin Central's web site; the Amtrak self-sufficiency issue; NS,CSX
post merger operating performance measures; CP's bid for NYC trackage
rights; customer value drivers and rate requests.
Week ending November 20,
RailAmerica third quarter results; stock prices and future earnings;
interline rate request woes; Amtrak in the perishables business; Finkbiner
Week Ending November 13,
Emons quarterly results; KSU, Railtex selloffs; Genessee & Wyoming,
Providence & Worcester results; Belt Railway single-sources locomotive
maintenance parts; web-based rates at CN site.
Week Ending November 7,
New FEC common stock; putting a price on the Kansas City Southern; more
Conrail fallout at NS, CSX; Wisconsin Central -- looking beyond the
earnings; Siegel and Buffett as applied to the railroads.
Week Ending October 30,
Earnings week: More on the UP; BNSF, Railtex,NS, CSX. CSX on increasing
Week Ending October 23,
FLA quarterly results; UP beats estimates by a nickel a share; NS infrastructure
improvements; CN posts gain for quarter; more on RAIL + RTEX, Tony Hatch
shortline speech posted to www.rblanchard.com.
Week Ending October 16,
Dissecting the RAIL purchase of RTEX; Comment on class 1 dealings with
shortline "partners" continues; JP Morgan knocks back NS to LT Buy from
Buy; FLA progress on the rail side; WC tidbits; new power for UP; GNWR
Week Ending October 9, 1999
Feedback on Parkinson; Nobody disagrees with my rate-making premise;
Shortline-class 1 partnerships less than meets the eye; BNSF taps e-railroad
head; Carbuilders flourish.
- Week Ending October
Recent RTEX stock price fluctuations; Rail stock performance YTD;
Feedback on rails not mattering any more; Southern Tier argument Redux;
NIT League service survey results; WABCO and MPO revise merger agreement;
Shortline operator Dave Parkinson asks, "Where is the rail industry
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