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: 2Q:12 Rail Earnings Preview
The large-cap rails beat expectations by 14% on avg. in 1Q, but 2Q Cons. estimates for the group have come down modestly since then the past 3 months. While coal vols have weakened further in 2Q and easy weather comps have normalized, fuel prices have come down materially. We are raising our 2Q EPS estimates on avg. by 4% for the large-cap rails (ex-CP) and we are now 2% above Cons. We expect the best report vs. expectations for UNP and the worst report for CP following a 9-day strike in June.
Research Library
- Coverage List
- Consolidated Research Library
- Airfreight & Surface Transportation Library
- Portfolio Strategy & Quantitative Analysis Library
- Accounting & Tax Policy Library
- Auto & Truck Manufacturing Library
- Airlines Library
- Conference Calls
- Interactive Doh! Models
- Ed Wolfe Bi-Weekly Freight Update