See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Norfolk Southern ( NSC ) Q3 2026 Earnings Call Transcript
Norfolk Southern (NSC) reported Q3 revenue of $3.5 billion, up 14% on 3% higher volume and fuel surcharges, and adjusted diluted EPS of $3.62, up 10%. The adjusted operating ratio rose 210 basis points to 65.4% under fuel-cost pressure, while revenue less fuel hit a quarterly record and adjusted operating income grew 7% to $1.2 billion. Management raised its capital expenditure guidance to $2.1 billion from $1.9 billion and cited a company-best train accident rate of 1.74. It warned that some highway-to-rail volume gains could revert if fuel prices fall, and that war and trade uncertainty will keep weighing on international volumes.
- Union Pacific Corporation Q3 2026 Earnings Call Summary
- Greg Abel Says Every Point of BNSF Profit Margin Adds About $230 Million of Cash Flow for Berkshire Hathaway
BNSF, Berkshire Hathaway's railroad, accounts for more than 10% of the conglomerate's operating income, and CEO Greg Abel expects that share to grow. In his first shareholder letter, Abel said each one-percentage-point gain in operating margin generates about $230 million of incremental operating cash flow. On BNSF's 2025 revenue of $23.5 billion and 34.5% operating margin, the article estimates roughly $8.1 billion of operating cash flow. Citing rivals Union Pacific (about 40%) and CSX (about 38%), it says a three-point margin gain to CSX's level would add roughly $700 million in pretax income a year. With 3% annual revenue growth as well, BNSF's contribution could roughly double within five years to around $10 billion per year.
- CSX : 3 Key Takeaways for Long - Term Investors
On its third-quarter 2026 earnings call on Oct. 21, 2026, CSX reported EPS up 30% from last year's adjusted result. Management cut nonfuel costs by 3% while handling 5% more volume, expanding operating margin by over four percentage points. Tight truck capacity and high diesel prices pushed freight to rail, lifting intermodal volume 7% year over year to an all-time record. CEO Stephen F. Angel expects full-year operating margin expansion of more than 350 basis points, while the company watches conductor trainee staffing.
- Berkshire Hathaway ( BRK - B ): Is BNSF Still a Strong Home for Reinvested Capital ?
- FreightCar America Advances Aftermarket Growth Strategy with Third Acquisition in Less Than a Year
FreightCar America (NASDAQ: RAIL) has completed its acquisition of Trinity Equipment Company (TEC), a Michigan-based supplier of OEM and replacement railcar components and industrial fastening solutions, marking its third acquisition in less than a year. The deal broadens the product range, customer relationships and distribution capabilities of FreightCar America's aftermarket business, creating opportunities to grow sales with new and existing customers. The company expects the transaction to be immediately accretive.
Related markets
Latest news
- 2 Quantum Computing Stocks That Could Help Make You a Fortune
The author argues quantum computing could become a major growth market once two hurdles are cleared: building systems at scale and making them reliably accurate. The article names IonQ as the current pure-play leader, citing its world record on one accuracy measure and a planned 256-qubit system next year. Nvidia is presented as a supporting player rather than a direct rival, offering NVQLink, CUDA-Q and the Ising error-correction model. McKinsey estimates the quantum industry could generate up to $72 billion in annual revenue by 2035, versus $4 billion in 2024, while Nvidia's latest quarter revenue reached $96.2 billion, up 106% year over year.
- Why is the world eagerly anticipating a meeting among the leaders of Russia, the US and China?
Russian Foreign Ministry spokeswoman Maria Zakharova said the world is placing high hopes on an upcoming meeting between Russian President Vladimir Putin, US President Donald Trump and Chinese President Xi Jinping on the sidelines of the APEC summit. She stressed that, amid severe strains in international relations, the three powers would have a chance to exchange views in a multilateral setting, with many hoping it could lead toward stability after a period of chaos. Trump earlier said the three-way meeting could be held in China, while Putin discussed with US special envoy Steve Witkoff the possibility of meeting at the APEC summit in Shenzhen on November 18-19.
- What Is Meta Platforms (META) Telling Investors With Its Sundial Deal And New Stock?
Meta Platforms (META) agreed to acquire Sundial, an AI data analytics platform, to deepen its data-focused AI toolset. Sundial lets product teams query data through natural language and chat-style interfaces, which could tighten the loop between user behavior, model training and ad or product changes. Separately, Meta introduced new Class C nonvoting shares aimed at addressing potential liabilities from a proposed California wealth tax on Mark Zuckerberg, allowing him to meet tax obligations without reducing his voting control. The article says the key question is whether these tools help Meta get more from its planned 2026 AI capex of US$130b to US$145b.
- SpaceX Could Weather a Recession. But Its Stock Might Not. Here's Why.
SpaceX (SPCX) is well positioned in a downturn, with Starlink generating recurring subscription revenue and growing rapidly. In the third quarter, revenue rose 161% year over year to $14.6 billion and net income reached $4.4 billion. Connectivity revenue grew 69% to $5.2 billion and Starlink subscribers reached 13.6 million, but average monthly revenue per subscriber fell from $83 to $69. Capex was $19.6 billion in the quarter, including $16.4 billion on AI infrastructure, more than its connectivity revenue, and the company ended the quarter with $90 billion in cash and securities. The article warns the business could keep growing while the stock falls, given a price-to-sales ratio of 64.
- This Overlooked Pipeline Stock Could Be a Generational Wealth Builder for Patient Investors
Hess Midstream (HESM) has fallen about 20% over the past month after Chevron said it would sell its stake in the company. The drop followed an agreement to accept lower fees from Chevron in the Bakken Shale from 2027 through 2033, which led to lower 2026 EBITDA guidance and a tepid 2027 outlook. The article argues the decline may be too far, too fast, noting that integrated oil companies often divest midstream assets and that Chevron extended its use of Hess Midstream infrastructure to 2045. The transfer of Denver-Julesburg Basin energy storage assets also broadens the company's footprint. With shares yielding 10% and Chevron's stake transfer set to cut the share count by 40%, the author sees long-term positives and a possible near-term dividend increase.
- Audi defends plans for a $4 billion Georgia plant amid VW restructuring, tariffs
Audi CEO Gernot Dollner defended the carmaker's plan for a $4 billion plant in Georgia, its first in the U.S., which President Donald Trump announced at a Georgia rally on Saturday. Dollner said the move aims to grow sales and reduce exposure to U.S. tariffs, and that it does not take work away from Germany, which remains the backbone of the brand. The site followed more than 70 locations evaluated over many months and is expected to begin production of the Q7, Q8 and Q9 in the early 2030s, with capacity of up to 200,000 vehicles a year, roughly half to be exported. The announcement comes as parent Volkswagen plans to cut 50,000 jobs and close four German plants, including an Audi facility, between 2031 and 2034. U.S. tariffs cost Audi 1.2 billion euros ($1.4 billion) last year, and tariffs on German vehicles are now 15%, down from 25%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.