The Railroad Week in Review:
Third Quarter 1998
- Week ending September 19, 1998
Railroad implications of genetically-engineered grain crops; Feds talk of forcing UNP to divest some lines; J B Hunt blames earning shortfall on rail service problems; Emons reports another record quarter; How customer stock-watching can make your railroad more profitable.
- Week ending September 12, 1998
Another roller coaster week on Wall Street; Progress in the Conrail
Shared Asset Areas; Why RailAmerica's Chile operation looks like WC's
English Welsh & Scottish Railway; Further commentary on KCS value
and break-up date; RailTex August carloads up slightly.
- Week ending September 5, 1998
NS and UP seem least hurt in a volatile trading week; KCS prices hit
hard by subsidiary's high-price acquisition; UP service improvements
beginning to look real; Amtrak taking up the slack in Northwest
strike; RailAmerca acquires another line.
- Week ending August 29, 1998
Buying opportunites in the latest Wall Street blood bath; BNSF
charts customer value-drivers; Cash flow realities of UP's situation;
Report on UP shortline session; RTEX sells line to UP.
- Week ending August 22, 1998
Conrail writes "finis" after 22 years and some rather striking
accomplishments; CSX and NS move forward on infrastructure
improvements for the merger; Further notes on the "span of control"
thread; RailAmerica reports first half results; BNSF quarterly and
YTD results reflect ideas and innovation.
- Week ending August 15, 1998
Why the current depressed level of Wisconsin Central shares remains
a mystery; earnings reports from RTEX, PWX; GNWR announces share buy-back,
completion of critical PNW rail link; commentary on shortline and regional
railroad stock price sell-offs; excerpt of UNP write-up in Barron's; a final
note on intermodal yard expansion to serve the NYC market.
- Week ending August 8, 1998
WC shares spared in market rout thanks to favorable earnings report;
GNWR shares take hosing as estimates are badly missed; trying to predict the
lowest ebb for UNP shares; Emons buys another 94 miles from CN; railroad
stocks off 8% YTD; further remarks on possible new NS yards in Penna;
M&E's Ben Friedland dies 8/3.
- Week ending August 1, 1998
CSX, Norfolk report quarterly results - merger costs drive earnings
lower for both though NSC reports gains without them; UNP stock higher as
STB lifts in the Gulf Coast region, signaling the end of the service
crisis in that region; Great Britain's RailTrack shares up following
new government focus on non-highway transport; report on visit to the
English Welsh & Scottish Railway unit of WC.
- [No Week in Review for weeks ending July 11-25]
- Week ending July 4, 1998
Talk re Kansas City Southern turns to split up value; Shortline profits: whether
tis better to buy new lines or build on what you have; UP settles with DuPont,
Dow and Union Carbide in talks; YTD stock summary for carriers and vendors.
- Index for Apr - Jun 98
- Index for Jan - Mar 98
- Index for April - Dec 97
- Index for Dec 96 - March 97
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