Opening Glance: Rails, shippers up on Burlington 1Q results
NEW YORK—Shares of U.S. railroads blasted through all-time highs Tuesday after Burlington Northern Santa Fe Corp., the nation's second largest rail, posted a 30 percent rise in first-quarter earnings, beating Wall Street's expectations. Shippers also rose as oil fell.
Here's how major players performed early Monday:
Union Pacific Corp. up $2 to $143.60 -- hit an all-time high of $144.39 earlier in the session.
Burlington Northern up $2.58, or 2.5 percent, to $103.70 -- hit all-time high of $105.74 earlier.
CSX Corp., up 18 cents to $62.26.
FedEx Corp., up 32 cents to $95.88.
United Parcel Service Inc., up 13 cents to $72.89.
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