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February 7, 2013
07:46 EDTSAIA, FDX, LUV, CGI, XPO, KSU, ATSGDahlman Rose to host a conference
Global Transportation Confab Conference is being held in Boston on February 7.
News For ATSG;CGI;FDX;KSU;LUV;SAIA;XPO From The Last 14 Days
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October 6, 2015
06:13 EDTFDXFedEx upgraded to Buy from Hold at Stifel
October 5, 2015
07:00 EDTFDXFedEx responds to TNT Express shareholders adopting all resolutions
FedEx (FDX) has taken note of TNT Express' (TNTEY) press release in relation to the Extraordinary General Meeting that took place today confirming that the shareholders of TNT Express approved all of the resolutions on the agenda. This release is made in connection with the recommended public offer by FedEx Acquisition for all of the issued and outstanding ordinary shares in the capital of TNT Express, including all ordinary shares represented by American depositary shares, as more fully described in the Offer Document. The Asset Sale and Liquidation Resolutions, the Conversion Resolution and the Governance Resolutions are conditional on the Offer being declared unconditional and the Settlement thereof. The Asset Sale and Liquidation Resolutions are also conditional upon the number of Shares tendered under the Offer, together with those Shares held by or committed to the Offeror or its affiliates and the Shares to which the Offeror or its affiliates are entitled, being less than 95% but at least 80% of TNT Express' aggregate issued and outstanding ordinary share capital. As a result of the Asset Sale and Liquidation Resolutions and the Conversion Resolution having been adopted, under the terms and subject to the conditions of the Offer, the minimum acceptance condition of the Offer will be 80% of TNT's aggregate issued and outstanding ordinary share capital, on a fully diluted basis, as of the time and date on which the Offer expires.
October 2, 2015
17:36 EDTCGICeladon Group announces sale of tractor portfolio JV
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08:03 EDTXPOConcerns about XPO Logistics 'rather overblown,' says Stifel
After meeting with XPO's (XPO) senior management and attending a Q&A session held by its CEO, Stifel says that the Con-way deal will enable the company to compete in new markets and should create "a lot more value over time" than the UPS (UPS)-Coyote deal. The firm is very upbeat on XPO's management team. It keeps a $62 price target and Buy rating on the shares.
07:54 EDTXPOXPO management, customers 'very excited' about deal, says Deutsche Bank
Deutsche Bank analyst Robert Salmon says the management of XPO Logistics (XPO) along with the company's customers are "very excited" about the pending acquisition of Con-way (CNW). The addition of Con-way's large asset-based trucking company has put XPO "on the map," Salmon tells investors in a research note. He reiterates a Buy rating on the stock with a $42 price target after meeting with management.
07:35 EDTFDXUPS lobbies EU against FedEx-TNT merger, Bloomberg says
UPS (UPS) is lobbying to the EU against FedEx's (FDX) offer to acquire TNT Express (TNTEY), Bloomberg reports, citing people familiar with the EU's investigation of the proposed FedEx-TNT tie-up. UPS' proposal to acquire TNT Express was blocked by the EU two years ago, the report says. Reference Link
06:20 EDTFDXEU may demand concessions in FedEx, TNT merger, WSJ reports
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October 1, 2015
15:40 EDTLUVDirect scheduled U.S-Cuba commercial flights not likely this year, WSJ says
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12:54 EDTXPOOptions with increasing call volume
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09:30 EDTKSURails sector upgraded to Market Weight from Market Weight at Wolfe Research
Wolfe Research upgraded the Rails Sector to Market Overweight citing limited downside in earnings and valuations at current levels. The firm recommends investors aggressively buy rail stocks again given below market multiples and double-digit earnings growth next year. As part of the sector upgrade, the analyst raised Norfolk Southern to Outperform from Peer Perform.
07:41 EDTXPOXPO Logistics management to meet with Deutsche Bank
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06:44 EDTLUVSouthwest defends Dallas Love Field gate purchase, AP reports
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05:11 EDTCGICeladon Group acquires truckload business of Tango Transport
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September 30, 2015
12:26 EDTKSURails advance after Goldman says rate of volume declines improving
Shares of railroad operators are advancing after Goldman Sachs moved its Rails coverage view to Attractive from Neutral. WHAT'S NEW: In a note to investors, Goldman Sach's Tom Kim and team said while rail volumes continue to contract, the rate of change has begun to improve and the firm sees this as an early inflection indicator. The negatives in the rail sector appear to be well known as the sector has been under "significant" selling pressure since peaking in the fourth quarter of 2014, added Goldman Sachs. The firm sees structural improvement in the profitability of the rail sector as operating margins for 2015 are estimated to have expanded to 35% from 29% in 2010. Goldman thinks the negative earnings per share revisions cycle for rails is over and that investor expectations are achievable. The firm sees earnings as a catalyst for sector performance and believes carloads will grow again in 2016 with 4% year-over-year growth in intermodal. WHAT'S NOTABLE: Kim upgraded Canadian Pacific (CP) to Buy from Neutral and reiterated its Buy rating on Union Pacific (UNP). The firm sees upside potential for Canadian National Railway (CNI), CSX (CSX), Kansas City Southern (KSU), and Norfolk Southern Corporation (NSC), but it maintained its Neutral ratings on those names as the firm expects these stocks to trade in-line with its broader Transportation coverage universe. PRICE ACTION: In afternoon trading, shares of Canadian Pacific are up nearly 3%, while Union Pacific is higher by almost 1%. CSX is advancing 2.2%, while Canadian National Railway, Kansas City Southern, and Norfolk Southern Corporation are each up over 1%.
11:08 EDTLUVGE's flight efficiency analytics selected by Southwest Airlines
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08:21 EDTXPOXPO Logistics decline overdone, says Oppenheimer
Oppenheimer notes that XPO's stock has tumbled since May. The firm says the decline was exacerbated by the company's recent acquisition of Con-way which was viewed unfavorably by investors, according to Oppenheimer. The firm cut its price target on the name to $33 from $56, but it says the company's growth ,margins and multiple can all rise as it obtains synergies and efficiencies from the acquisition. The firm keeps an Outperform rating on the stock.
08:08 EDTKSURails sector upgraded to Attractive from Neutral at Goldman
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07:15 EDTXPOXPO Logistics management to meet with Deutsche Bank
Meetings to be held in Los Angeles/Pasadena on September 30 hosted by Deutsche Bank.
06:55 EDTXPOXPO CEO: Not worked up about Con-Way deal stock hit, WSJ reports
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September 29, 2015
14:47 EDTXPOXPO Logistics calls active
XPO Logistics October 25, November 27, February 45 and 55 calls are active on total call volume of 26K contracts (1K puts). October call option implied volatility is at 76, November is at 74, February is at 65; compared to its 52-week range of 34 to 79 contracts. Active call volume suggests traders taking positions for large near term price movement.
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