Kansas City Southern

The Cowen and Company analysts reported that Kansas City Southern “again” received the highest “positive” rating, followed by BNSF in their 4Q Rail Shipper Survey.

Cowen 4Q20 Surveys: Rail Pricing, Car Orders Up Slightly, Say Shippers

Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper.

CP and KCS are supporting the Homes for Heroes Foundation and The Salvation Army, respectively, in fundraising efforts.

CP, KCS Supporting Local Communities

Canadian Pacific (CP) and Kansas City Southern (KCS) have continued their partnerships with the Homes for Heroes Foundation (HFHF) and The Salvation Army, respectively, to hold fundraisers for local communities.

The STB determined that UP was among the Class I’s achieving a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, a sign of revenue adequacy. UP was also found to be revenue adequate for 2018.

STB: Five Class I’s Revenue Adequate for 2019

The Surface Transportation Board has determined that five of the “Big 7” U.S. Class I railroads achieved revenue adequacy in 2019: BNSF, CSX, Norfolk Southern, Soo Line (the U.S. affiliate of Canadian Pacific) and Union Pacific. STB determined that those Class I’s achieved a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, which for 2019 is 9.34%.