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RARE PHOTOS: 3 | Rare Historical Photos

Forget CSX Corp., Buy These 3 Railroad Stocks Instead

Leading railway transportation company CSX Corporation (CSX) has been losing momentum since the start of 2022 owing to labor market constraints, skyrocketing inflation, and rising costs. However, as intermodal freight transportation demand increases, we think it could be profitable to add quality railroad stocks Union Pacific (UNP), Canadian National (CNI),…

StockNews.com · Feb 23, 2022

Wabtec Reports Mixed Q4 Results, Boosts Dividend By 25%, Plans $750M Buyback

Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) reported fourth-quarter FY21 sales growth of 2.4% year-over-year to $2.07 billion, missing the consensus of $2.18 billion. Adjusted EPS $1.18 (+20.4% Y/Y), beating consensus of $1.17. The gross margin expanded by 650 bps to 31.5%. The adjusted gross margin was 31.7%, up by 570 bps. The…

Benzinga · Feb 16, 2022

Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec

Union Pacific Corp (NYSE:UNP) plans to purchase 20 battery-electric locomotives for testing in yard operations. The company expects the combined purchases and upgrades to yard infrastructure to exceed $100 million. The railroad will purchase the locomotives from Progress Rail, a Caterpillar Inc. (NYSE:CAT) company, and Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec). Union Pacific anticipates the first…

Benzinga · Jan 28, 2022

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