Brightline Trains Florida, the junk-rated private passenger railroad connecting Miami and Orlando, plans to issue as much as $400 million of tax-exempt bonds to finance capital projects and an expansion to Tampa https://t.co/5V5QO7SVNN ...

Farmer Jim, we were talking about industrials a lot during the A segment and uh a solid midcap industrial is WOB tech if we're going to be building things. We're going to need to move stuff by rail and that plays right to this railroad equipment manufacturer strengths. Okay.Um I purposely didn't go to you in the healthcare conversation as I thought you would going to do. United Health is your final trade. Why did you choose it as your final trade.Because it's down today on the journal article and that's not ...

Prologis and Union Pacific power the arteries of commerce. Prologis (NYSE: PLD) owns and leases the warehouses and distribution centers that keep e-commerce humming, while Union Pacific (NYSE: UNP) operates the rails that haul those goods across the U.S. heartland. Both benefit from long-term shifts like e-commerce growth, manufacturing revival, and infrastructure reinvestment. But for investors looking for a blend of income and long-term tailwinds, Prologis may offer the stronger case. Here's why. Prologis ...

Greenbrier Companies (GBX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a ...

Core Insights - Canadian National Railway Company (CNI) is investing $110 million in Wisconsin as part of its 2025 capital investment program, indicating strong confidence in the region's economic potential and the future of freight rail [1] - The investment focuses on track maintenance and strategic infrastructure initiatives to enhance rail operations, including improvements in infrastructure, technology, capacity, and network performance [2][9] - CNI's president, Tracy Robinson, emphasized that investing in the network is about building for the future and aims to strengthen the resiliency and efficiency of the network across Wisconsin [3] Investment Details - The $110 million investment in Wisconsin follows a similar expenditure in the previous year, which also amounted to $110 million, primarily for track maintenance and infrastructure improvements [3][9] - CNI has made several other significant investments across various states, including $50 million in Louisiana, $85 million in Michigan, and $600 million CAD in Ontario, among others, demonstrating a commitment to expanding rail operations [5] Strategic Focus - CNI is doubling down on its core strengths of efficiency, innovation, and infrastructure, which are expected to pave the way for long-term returns [4] - The company's robust investment initiatives are believed to enhance investor confidence and support long-term performance [6]

Sweden's Iron Ore railroad is a key part of the country's economic infrastructure — and a prime target for foreign sabotage https://t.co/9dgiJ6PF0P ...

Core Viewpoint - Canadian Pacific Kansas City (CPKC) will release its second-quarter 2025 financial and operating results on July 30, 2025, after market close [1] Group 1: Financial Results Announcement - CPKC will discuss its financial results in a conference call scheduled for 4:30 p.m. ET on July 30, 2025 [1] - The conference call can be accessed via specific phone numbers for Canada, the U.S., and international callers [2] Group 2: Webcast and Replay Information - Investors are encouraged to access the webcast and presentation materials on CPKC's website [3] - A replay of the conference call will be available until August 6, 2025, through designated phone numbers [3] Group 3: Company Overview - CPKC is the first and only single-line transnational railway connecting Canada, the U.S., and Mexico, with extensive access to major ports [4] - The company operates approximately 20,000 route miles and employs 20,000 railroaders, providing significant rail service and network reach across North America [4] - CPKC is focused on growth alongside its customers, offering various freight transportation services, logistics solutions, and supply chain expertise [4]

Financial Data and Key Metrics Changes - Net earnings for Q3 2025 were $60.1 million or $1.86 per share, showing an increase both sequentially and year-over-year [5] - Revenue reached $843 million, improving by 11% sequentially [22] - Aggregate gross margin remained robust at 18%, marking the seventh consecutive quarter at or above the mid-teens long-term target [5][22] - Return on invested capital (ROIC) was 12.9%, within the target range of 10% to 14% [24] Business Line Data and Key Metrics Changes - The company delivered 5,600 new railcars in Q3, with a manufacturing gross margin of 13.6% remaining steady from Q2 [13] - Recurring revenue from leasing and fleet management reached nearly $165 million over the last four quarters, representing nearly 50% growth from two years ago [14] - Fleet utilization remained high at 98%, with modest growth in the leased fleet [14] Market Data and Key Metrics Changes - The global new railcar backlog stood at nearly 19,000 units, providing strong visibility in new railcar markets [18] - In Europe, railcar orders are driven by necessity, but activity is expected to be muted until economic conditions improve [19] - Demand in Brazil is modestly increasing as customers complete infrastructure investments [20] Company Strategy and Development Direction - The company is focused on doubling recurring revenues by fiscal 2028 and has renewed two bank facilities totaling $850 million [8] - Strategic initiatives include European footprint rationalization and North American insourcing projects, expected to yield annual savings of at least $10 million [6][7] - The company aims to maintain a disciplined approach to growing its lease fleet, ensuring predictable revenue and cash flow [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market conditions in the medium to long term, anticipating a strong finish to the fiscal year [12] - The company is well-positioned to navigate various market conditions and capitalize on opportunities as liquidity is at its highest level since 2023 [9][11] - Management noted that the aging North American railcar fleet is a key driver for steady growth in the railcar maintenance market [18] Other Important Information - The company repurchased approximately $22 million of shares during the quarter, reflecting confidence in its long-term strategy [12] - The tax rate for the quarter was 23%, better than expected due to the strengthening Mexican peso [24] - The company updated its guidance, raising aggregate gross margin percent and operating margin percent for the remainder of fiscal 2025 [27] Q&A Session Summary Question: Guidance on interest and FX line items - Management expects interest expense to be in the 22% to 25% range for the quarter, with FX having a significant impact [31][32] Question: Production rates and order levels - Management has been adjusting production rates based on market demand and has a strong backlog of 19,000 cars, indicating future demand [38][40] Question: Confidence in order levels given low backlog - Management expressed confidence in converting demand into orders once trade policies stabilize, with several catalysts expected to drive demand [49][51] Question: Mix of deliveries and leased cars - The company is becoming more active in the used car market to balance its leasing business and is committed to growing the leasing fleet [58]

Group 1 - Greenbrier Companies, Inc. announced its fiscal third quarter 2025 financial results, which will be available through a Form 8-K filing with the SEC and on its investor website [1] - A live audio webcast is scheduled for today at 2:00 p.m. Pacific Time to discuss the financial results, accessible via Greenbrier's Investor Relations website [1] Group 2 - Greenbrier is a leading international supplier of equipment and services to global freight transportation markets, headquartered in Lake Oswego, Oregon [2] - The company designs, builds, and markets freight railcars in North America, Europe, and Brazil, and is a major provider of freight railcar wheel services, parts, maintenance, and retrofitting services in North America [2] - Greenbrier owns a lease fleet of approximately 16,700 railcars, primarily originating from its manufacturing operations, and offers railcar management, regulatory compliance services, and leasing services to railroads and other railcar owners in North America [2]

Core Points - CN plans to invest approximately US$38 million in Iowa as part of its 2025 capital investment program to support track maintenance and strategic infrastructure initiatives [1][2] - The investment aims to enhance the safe movement of goods and promote long-term sustainable growth in Iowa and across CN's network [1][2] - In 2024, CN had already invested around US$31 million in Iowa for similar initiatives, highlighting a commitment to infrastructure development in the region [2][6] Investment Details - The 2025 investment will focus on track maintenance and infrastructure improvements, which are expected to create jobs and support economic growth in Iowa [2] - Specific projects include approximately US$1.4 million for upgrading the track and building capacity on CN's Osage Subdivision near Cedar Rapids and over US$1 million for upgrades at CN's Waterloo rail yard [6] - In 2024, CN's local spending amounted to US$29 million, with cash taxes paid reaching US$6.2 million [6] Economic Impact - The investment is seen as beneficial for Iowa's farmers, businesses, and communities, enhancing the efficiency of transporting Iowa products across North America [2] - CN's infrastructure investments are positioned as crucial for maintaining Iowa's leadership in agricultural production and resource distribution [2]