January 24, 2019 / 6:16 PM / 5 months ago

BUZZ-Union Pacific, CP Rail help railroads chug higher; Norfolk next stop

** Union Pacific and Canadian Pacific Railway gain ~3 pct on strong results and upbeat forecast, boosting other railroads and Dow Jones Transport Index

** Strong railroad and airlines results lift DJT index up 0.77 pct, while S&P 500 is off 0.24 pct

** UNP says higher-than-expected quarterly profit boosted by volume and price gain, and expects efficiency gains to bolster profits in 2019

** CP Rail also posts bigger-than-expected quarterly profit and expects double-digit earnings growth in 2019 on strong pricing and growing demand for commodities shipments

** Norfolk Southern, due to report results after the bell, up ~1 pct

** Canadian National Railway, due to report results next week, and Genesee & Wyoming both up ~1 pct

** CSX Corp off 0.3 pct and Kansas City Southern edges 0.3 pct higher

** Both stocks also little changed since last week when they posted unimpressive results and forecasts [nL3N1ZH3V4 (Reporting by Savio D’Souza)

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