Research Library
Below is our research library, listed in reverse chronological order. Please use the search box to look for research on a specific company or topic, or use the Calendar, Archives, or Sector links at left to browse for research from a specific time period or sector. If you are a Wolfe Trahan client and can not access any of the links in our library, please contact ITSupport@WolfeResearch.com to request our PDF decryption plug-in.
Inside Freight: LSTR, FDX, CP, U.S. Rail Headcount and Grain, and WAB
LSTR hosted its mid-quarter update call yesterday and affirmed its prior guidance for 2Q EPS on slightly stronger truck volumes but slightly weaker truck yields than we were expecting. FDX announced its third acquisition in the past two months, and we believe yesterday’s deal in Brazil represents the largest of the three so far as we roughly estimate $400M of annual revenue, although FDX did not provide any financial details yet. Meanwhile, CP’s labor strike continues, but back to work legislation is making its way through Parliament and we expect CP to resume operations in Canada by Thursday or Friday. Among other tidbits, our note also shows that headcount growth for CSX, NSC and UNP moderated y/y in April for the third straight month, while the U.S. grain crop is off to a much better start than a year ago. Among other tidbits, our note also shows that headcount growth for CSX, NSC and UNP moderated y/y in April for the third straight month, while the U.S. grain crop is off to a much better start than a year ago.
Research Library
- Coverage List
- Consolidated Research Library
- Airfreight & Surface Transportation Library
- Portfolio Strategy Library
- Quantitative Analysis Library
- Accounting & Tax Policy Library
- Auto & Truck Manufacturing Library
- Airlines Library
- Conference Calls
- Interactive Doh! Models
- Ed Wolfe Bi-Weekly Freight Update