Genesee & Wyoming reported disappointing traffic figures for February. Traffic in the month was 237,072 carloads, reflecting a 6.8% decrease year over year. The railroad’s same railroad traffic (excluding carloads from the Continental European intermodal business sold in June 2018) slid 1.8%.
Segmental Traffic
Traffic at the company’s North American operations declined 4.8% from the year-ago figure due to contraction in traffic across most segments. Traffic at metallic ores, coal & coke and lumber & forest products segments dropped 32.3%, 16% and 14.2%, respectively. Severe weather conditions during the winter hampered North American shipments. Agricultural products, autos & auto parts, intermodal, metals, pulp & paper and waste were the only segments to report a rise in traffic.
Australian operations (owned 51.1% by the company) traffic dipped 0.7% due to 75.9% and 50% slump in traffic at agricultural products and petroleum products, each. The intermodal and minerals & stone segments also reported a fall in traffic.
Total traffic at U.K./European operations contracted 12.9% from the last February-level due to decrease in traffic across all its segments except Coal & Coke.
Zacks Rank & Key Picks
Genesee & Wyoming carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Norfolk Southern Corporation (NSC - Free Report) , Union Pacific Corporation (UNP - Free Report) and SkyWest, Inc. (SKYW - Free Report) . While SkyWest sports a Zacks Rank #1 (Strong Buy), Norfolk Southern and Union Pacific carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Norfolk Southern and Union Pacific have rallied more than 31% and 20%, respectively, in a year. Meanwhile, the SkyWest stock has an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 16.9%.
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Genesee & Wyoming reported disappointing traffic figures for February. Traffic in the month was 237,072 carloads, reflecting a 6.8% decrease year over year. The railroad’s same railroad traffic (excluding carloads from the Continental European intermodal business sold in June 2018) slid 1.8%.
Segmental Traffic
Traffic at the company’s North American operations declined 4.8% from the year-ago figure due to contraction in traffic across most segments. Traffic at metallic ores, coal & coke and lumber & forest products segments dropped 32.3%, 16% and 14.2%, respectively. Severe weather conditions during the winter hampered North American shipments. Agricultural products, autos & auto parts, intermodal, metals, pulp & paper and waste were the only segments to report a rise in traffic.
Australian operations (owned 51.1% by the company) traffic dipped 0.7% due to 75.9% and 50% slump in traffic at agricultural products and petroleum products, each. The intermodal and minerals & stone segments also reported a fall in traffic.
Total traffic at U.K./European operations contracted 12.9% from the last February-level due to decrease in traffic across all its segments except Coal & Coke.
Zacks Rank & Key Picks
Genesee & Wyoming carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Norfolk Southern Corporation (NSC - Free Report) , Union Pacific Corporation (UNP - Free Report) and SkyWest, Inc. (SKYW - Free Report) . While SkyWest sports a Zacks Rank #1 (Strong Buy), Norfolk Southern and Union Pacific carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Norfolk Southern and Union Pacific have rallied more than 31% and 20%, respectively, in a year. Meanwhile, the SkyWest stock has an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 16.9%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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