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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:10 EDTKSU, GWR, CP, UNP, TRN, CSX, GBX, BRK.A, CNI, NSC, ARIIBerkshire's BNSF announces $5B capital commitment program
BNSF Railway Company, a unit of Berkshire Hathaway (BRK.A), yesterday announced a new single-year record capital commitment plan of approximately $5B for 2014, approximately a $1B increase over its 2013 capital spend. The largest component of the capital plan is spending $2.3B on BNSF’s core network and related assets. BNSF also plans to spend approximately $1.6B on locomotive, freight car and other equipment acquisitions. In addition, the program includes about $200M for continued installation of positive train control and approximately $900Mfor terminal, line and intermodal expansion and efficiency projects. Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Manufacturers of of railcars include Trinity Industries (TRN), American Railcar (ARII), and Greenbrier (GBX).
News For A;TRN;ARII;GBX;UNP;NSC;CSX;CP;CNI;GWR;KSU From The Last 14 Days
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February 19, 2015
11:20 EDTTRNTrinity Industries says continues to benefit from railcar demand
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11:11 EDTTRNTrinity Industries 'feels comfortable' that guard rail product is in compliance
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09:09 EDTALeerink's life science tools analyst holds an analyst/industry conference call
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February 18, 2015
18:55 EDTTRNOn The Fly: After Hours Movers
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17:24 EDTCNICanadian National Northern Quebec line engineers and conductors ratify agreement
CN announced that locomotive engineers and conductors working on the company's Northern Quebec Internal Short line have ratified a new collective agreement. The employees are represented by the Teamsters Canada Rail Conference union. The four-year agreement provides wage increases and benefit improvements to 93 employees.
16:26 EDTARIIAmerican Railcar reports Q4 EPS $1.06, consensus $1.11
Reports Q4 revenue $150.5M, consensus $171.51M. Says decrease in revenue from prior year primarily driven by decreased revenues in the manufacturing and railcar services segments, partially offset by higher railcar leasing revenues. ARI's backlog as of December 31, 2014 was approximately 11,732 railcars, with an estimated market value of $1.2B. This backlog includes approximately 2,844 railcars for lease with an estimated market value of $334.1M.
16:18 EDTTRNTrinity Industries sees Q1 EPS to be below last year's level
Trinity Industries said: "As a reminder, first quarter 2014 results included 72c per common diluted share of earnings related to sales of new and existing leased railcars to Element. As a result, we do expect first quarter 2015 earnings per common diluted share to be below last year's level."
16:17 EDTTRNTrinity Industries sees FY15 EPS $4.00-$4.40, consensus $4.28
The company expects the level of quarterly earnings per share in 2015 to be relatively consistent throughout the year.
16:16 EDTTRNTrinity Industries reports Q4 EPS 86c, consensus 83c
Reports Q4 revenue $1.66B, consensus $1.62B.
15:35 EDTTRNNotable companies reporting after market close
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12:04 EDTCNICanadian National to implement targeted work rule changes barring Unifor deal
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07:07 EDTUNP, CSXBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
18:02 EDTTRN, CSX, GBX, ARIIDerailed train that exploded in West Virginia had modern tanker cars, WSJ says
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16:09 EDTAAgilent sees FY15 EPS $1.67- $1.73, consensus $1.73
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16:08 EDTAAgilent sees Q2 EPS 37c-41c, consensus $39c
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16:07 EDTAAgilent reports Q1 EPS 41c, consensus 41c
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15:32 EDTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
08:59 EDTCSXCSX confirms response to West Virginia train derailment
CSX announced that teams were working with first responders on the derailment of an oil train near Mount Carbon, West Virginia. The train consisted of two locomotives and 109 rail cars and was traveling from North Dakota to Yorktown, Va. One person was being treated for potential inhalation, but no other injuries were reported. "At least one rail car appears to have ruptured and caught fire. The derailment has resulted in the precautionary evacuation of nearby communities, and precautionary suspension of operations at the Cedar Grove and Montgomery water treatment plants. CSX is working with the Red Cross and other relief organizations to address residents’ needs, taking into account winter storm conditions. These efforts include shelters for residents who have been evacuated. CSX teams also are working with first responders to address the fire, to determine how many rail cars derailed, and to deploy environmental protective measures and monitoring on land, air and in the nearby Kanawha River. The company also is working with public officials and investigative agencies to address their needs," the company said.
February 16, 2015
15:22 EDTCPCanadian Pacific enters binding arbitration with Teamsters Canada
Canadian Pacific said it and the Teamsters Canada Rail Conference agreed to enter into binding arbitration, putting an end to the work stoppage by CP's locomotive engineers and conductors. E. Hunter Harrison, CP's CEO said, "While we would have preferred a negotiated settlement, this is the right thing to do at this time." An arbitrator will be appointed by the federal government. No further details are being released at this time. On February 14, CP announced a tentative four-year agreement with its Unifor employees. Details of the tentative agreement are being withheld pending ratification by the Unifor membership.
10:54 EDTADako and Ono Pharmaceutical announce collaboration
Dako, an Agilent Technologies company and a worldwide provider of cancer diagnostics, and Ono Pharmaceutical announced a new partnership to develop a potential diagnostic test specifically for use with Opdivo in the treatment of non-small cell lung cancer, NSCLC. This test is being investigated for its diagnostic utility to determine which patients are most likely to respond to Opdivo.
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