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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:22 EDTMSA, HOV, ACO, SJI, OESX, MIC, ASTE, XPO, PRIM, MTRX, KSU, ARC, TWI, POWLGlobal Hunter to hold a conference
1:1 Series Infrastructure & Construction Conference is being held in Chicago on March 19.
News For ACO;ARC;ASTE;HOV;KSU;MIC;MSA;MTRX;OESX;POWL;PRIM;SJI;TWI;XPO From The Last 14 Days
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April 16, 2015
07:30 EDTPRIMPrimoris announces underground award valued at $26M
Primoris Services Corporation announced a new underground award valued at $26M. The contract was secured by Q3 Contracting, part of the West Construction Services segment. The project is scheduled to begin in the second quarter of 2015 and is anticipated to be completed in the third quarter of 2016. The award is with a major utility customer for work in St. Paul, Minnesota. The work will consist of replacing an existing 18” and 24” natural gas distribution line with new 20” pipe, as well as adding updated regulator stations.
April 14, 2015
09:25 EDTOESXOrion Energy wins $1M order to install LED lighting solution
Orion Energy Systems announced that it recently received a contract award of approximately $1M to retrofit a Northern California-based location of a "globally-known" designer and manufacturer of mobile devices, tablets, and personal computers. The award represented repeat business for Orion from this customer, which was upgrading fluorescent fixtures, the company noted.
07:31 EDTPRIMPrimoris announces heavy civil awards valued at $60M
Primoris Services announced two new heavy civil awards totaling $60M. The contracts were secured by the Primoris James Construction Group, part of the East Construction Services segment. Work is scheduled to commence on the projects in the second quarter of 2015 and to be completed in the first quarter of 2017. The projects were awarded by the Arkansas State Highway and Transportation Department and are located in St. Francis County, Arkansas. The projects are similar in size and scope. Both awards involve the construction of a main lane bridge and roadway approaches on Interstate 40. The scope of work includes 84 cofferdams, 36,780 linear feet of steel pipe, and 9,800 cubic yards of bridge concrete.
April 13, 2015
17:03 EDTKSURailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.
10:02 EDTHOVHovnanian management to meet with Sidoti
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April 10, 2015
08:41 EDTKSUUnion Pacific upgraded on valuation, growth outlook at Stifel
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April 9, 2015
09:22 EDTXPOXPO Logistics should be bought on incremental weakness, says Macquarie
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April 7, 2015
13:08 EDTKSUNTSB: Oil train cars should be replaced more quickly, Washington Post says
The National Transportation Safety Board, or NTSB, yesterday said that oil train cars should be replaced more quickly than the current planned timetable of ten years, according to The Washington Post. "We can’t wait a decade for safer rail cars,” the newspaper quoted the agency's chairman as saying in a statement. Publicly traded railroad operators include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Publicly traded railroad car makers include Greenbrier (GBX), FreightCar America (RAIL), and American Railcar Industries (ARII). Reference Link
07:33 EDTPRIMPrimoris announces underground award valued at $36M
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06:14 EDTKSUOil train shipments stalled due to safety concerns and crude prices, WSJ reports
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06:11 EDTSJIYingli Green Energy supplies 15.5 MW of solar panels to South Jersey Industries
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April 6, 2015
15:42 EDTKSUCrude-by-rail shipments slow, WSJ says
Shipments of crude by rail have slowed amid lower prices for the commodity in recent months with oil-train traffic declining 1% in the fourth quarter of 2014, says the Wall Street Journal. A rash of derailments of trains carrying crude recently also impacted rail traffic this year, added the Wall Street Journal. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
14:38 EDTMICMacquarie Infrastructure management to meet with JPMorgan
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08:31 EDTOESXOrion Energy reaffirms FY15 revenue view $72M-$74M, consensus $72.80M
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