Latest news with #Railroad
Reuters
5 hours ago
- General
- Reuters
Union Pacific train derails in Texas, no hazardous material leaks
Aug 12 (Reuters) - A Union Pacific Railroad (UNP.N), opens new tab train derailed two miles east of Gordon, Texas, on Tuesday, the company said, and emergency responders said the derailed cars did not appear to be leaking their contents. The emergency responders in Palo Pinto County said that, nonetheless, the derailment was "being treated as a HazMat situation." "At about 2 p.m. CDT today, approximately 35 Union Pacific cars derailed," the company said in a statement. It was not clear what caused the derailment just outside Gordon, a town with a population of 460 located about 95 miles (153 kilometers) west of Dallas. The company did not immediately respond to a request for comment on what materials were being carried in the derailed cars. Officials with the Palo Pinto County Emergency Services District 1 said the derailment had sparked some small grass fires, which firefighters were working to control. "At this time, there are no confirmed hazardous material leaks," the emergency officials wrote on social media. They said that nobody was hurt in the incident and all railroad personnel had been accounted for. The railroad said additional crews were in transit and an incident investigation was underway.
Yahoo
15-07-2025
- Business
- Yahoo
Why Union Pacific Corporation (UNP) is a Top Dividend Pick in the Industrial Sector
Union Pacific Corporation (NYSE:UNP) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now. An intermodal container train winding through a rural landscape. The company has paid regular dividends to shareholders for 125 years in a row and has raised its payouts for 18 consecutive years. It currently pays a quarterly dividend of $1.34 per share for a dividend yield of 2.28%, as of July 13. Union Pacific Corporation (NYSE:UNP), the railroad holding company, generates its freight revenue from three core segments— bulk, industrial, and premium— with each accounting for roughly one-third of the total. Its broad product offering and efficient cost structure help the company remain stable, even during periods of increased tariffs. Union Pacific consistently shows strong operational performance and a solid return on invested capital, with a high operating margin that highlights its ability to maintain profitability after expenses. Looking ahead to 2025, Union Pacific Corporation (NYSE:UNP) plans to invest $3.4 billion to improve safety, upgrade infrastructure, and support customer growth. This equates to more than $9 million per day dedicated to enhancing its rail network and contributing to economic and supply chain development across the 23 states it serves, positively impacting local, regional, and national economies. While we acknowledge the potential of UNP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
29-06-2025
- Yahoo
There's a blue drawbridge near Myrtle Beach. Why it remains after years of non use
The big blue drawbridge that stretches skyward near busy U.S. 501 has been a welcoming sign for thousands of drivers heading into Myrtle Beach each year. The bridge has become a nostalgic piece of Myrtle Beach history, as many people recall passing it as they made their way into the coastal city for vacation or trips to the beach. At one time it was the only way into Myrtle Beach from Conway, crossing over the Intracoastal Waterway. It has been nonoperational for decades, but there have been no plans to dismantle the massive bridge that has been in the location for more than 80 years. Horry County, which owns the idled rail line from the Carolina Forest area to the city of Myrtle Beach, and Myrtle Beach officials had discussed a plan in 2021 that would make use of the rail line, including a possible park around the bridge. However, those plans never moved forward, according to a text from Horry County spokesperson Mikayla Moskov. Moskov said that the rail line is being maintained 'so that rail access to Myrtle Beach can be utilized in the future as or if needed.' Known as the Pine Island drawbridge, it spans the Intracoastal Waterway in the community of the same name. It continued to operate as a railroad drawbridge until 1987 until it was declared unsafe. The bridge was repaired and restored for train use in 2001, but eventually was shut down in 2011. While the South Carolina Department of Transportation spent 10 years and millions of dollars repairing the bridge for its reopen in 2001, it would ultimately be the decision of Horry County if the bridge would be dismantled, according to Hannah Robinson, media relations manager with the SCDOT. The rail line is owned by Horry County, but it is leased to R.J. Corman Railroad group. R.J. Corman purchased the railroad in 2015 from Whiteville to Conway, and leases the track from Conway to the waterway. Adam Boyles, the director of commercial development for R.J. Corman, was at the 2021 meeting with county and city officials to discuss possible uses for the rail line, including upgrading the rail lines for use by cargo trains. Another plan pitched would be making a 2.5-mile section of the abandoned railway east of the Intracoastal Waterway a Rails-to-Trails multi-use path for joggers, cyclists and pedestrians, running from downtown Myrtle Beach near the historic train depot to the waterway. Neither plan advanced. Boyles said since that initial discussion, there has been no other plans or agreements for using the line. R.J. Corman continues to lease part of the rail line from Horry County, he said. The Pine Island drawbridge was at one time one of thousands of railroad drawbridges in the country. It is estimated that there are about 1,000 railroad drawbridges still operational in the U.S.
Yahoo
25-02-2025
- Business
- Yahoo
Berkshire Hathaway's Q4 Earnings and Revenues Rise Year Over Year
Berkshire Hathaway Inc. (BRK.B) delivered fourth-quarter 2024 operating earnings of $14.5 billion, which increased 71.3% year over year. The increase was driven by higher earnings in Insurance-underwriting, Insurance-investment income, Berkshire Hathaway Energy Company and non-controlled businesses. See the Zacks Earnings Calendar to stay ahead of market-making news. Berkshire Hathaway Inc. price-consensus-eps-surprise-chart | Berkshire Hathaway Inc. Quote Costs and expenses decreased 1.7% year over year to $315.7 billion, largely due to a decrease in expenses at Insurance and Other as well as Railroad, Utilities and Energy. Operating earnings from the Railroad business increased 0.7% year over year to $7.5 billion. The increase was due to volume growth and lower operating costs from improved productivity. It was partially offset by a $290 million charge related to a labor agreement that was finalized in the fourth quarter of 2024 and by increased litigation accruals. Revenues rose 1.9% year over year to $371.4 billion, attributable to higher revenues at Insurance and Other, as well as Railroad, Utilities and Hathaway's Insurance and Other segment revenues increased 2.2% year over year to $321.6 billion in the reported quarter on the back of higher insurance premiums earned, leasing revenues and interest, dividend and other investment underwriting after-tax earnings were $9 billion in 2024, which increased 66.6% from the year-ago quarter. Earnings in 2024 benefited from significantly improved operating results at Utilities and Energy operating revenues inched up 0.07% year over year to $49.7 billion, attributable to higher utility and energy operating revenues, service revenues and other earnings of Railroad increased 0.5% year over year to $6.6 revenues at Manufacturing, Service and Retailing decreased 1.7% year over year to $215.9 billion. Pre-tax earnings declined 4.2% year over year to $16.8 2024, net earnings from the Manufacturing, Service and Retailing businesses declined 2.1% year over year to $13.1 billion. The earnings decline in 2024 reflected lower earnings from service and retailing businesses, partially offset by earnings increases at several manufacturing businesses. As of Dec. 31, 2024, consolidated shareholders' equity was $651.6 billion, up 14.8% year over year. At quarter-end, cash and cash equivalents and restricted cash were $48.4 billion, up 25.2% from the level at the exited the fourth quarter of 2024 with a float of about $171 billion, up from $169 billion reported at the end of flow from operating activities totaled $30.6 billion in 2024, up 37.8% from the year-ago Hathaway bought back shares worth $2.9 billion in 2024. Berkshire Hathaway currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Travelers Companies TRV reported fourth-quarter 2024 core income of $9.15 per share, which beat the Zacks Consensus Estimate by 39.3% and improved 30.5% year over year. Travelers' total revenues increased 10.4% from the year-ago quarter to $11.9 billion. The top-line figure beat the Zacks Consensus Estimate by 1%.Net written premiums increased 7% year over year to a record $10.7 billion, driven by strong growth across all three segments. Our estimate was $10.8 billion. The Zacks Consensus Estimate was pegged at $926 million. TRV witnessed an underwriting gain of $1.4 billion, up 30.5% year over year. The consolidated underlying combined ratio of 84% improved 190 bps year over Corp. RLI reported fourth-quarter 2024 operating earnings of 41 cents per share, which missed the Zacks Consensus Estimate by 14.5%. The bottom line decreased 46.8% from the prior-year quarter. Operating revenues for the reported quarter were $436 million, up 15.3% year over year, driven by higher net premiums earned and net investment income. The top line matched the Zacks Consensus premiums written increased 9% year over year to $473.2 million. This uptick can be attributed to the solid performance of the Casualty segment (up 18.3%). Our estimate was $550 million. Underwriting income of $22.2 million decreased 62.8% year over year. The combined ratio deteriorated 1,170 bps year over year to 94.4%. The Zacks Consensus Estimate for the metric was pegged at 96%, while our estimate was 102%.W.R. Berkley Corporation's WRB fourth-quarter 2024 operating income of $1.13 per share beat the Zacks Consensus Estimate by 20.2%. The bottom line improved 17.7% year over year. Operating revenues were $3.5 billion, up 9.2% year over year. The top line beat the consensus estimate by 4.2%.W.R. Berkley's net premiums written were $2.9 billion, up 8% year over year. The figure was lower than our estimate of $3 billion. The consolidated combined ratio (a measure of underwriting profitability) deteriorated 180 bps year over year to 90.2%. The Zacks Consensus Estimate was 91%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RLI Corp. (RLI) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
