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Stock Market & Financial Investment News

News Breaks
March 6, 2013
06:38 EDTGWR, CP, NSC, CSX, UNP, NAV, KSU, RA, CNI, CMIHeavier trucks becoming controversial issue on Capitol Hill, Politico says
Two House members, a Democrat and a Republican, introduced a bill that would allow heavier trucks on American highways, and add a new fee on the heavier trucks, according to Politico. Railroads, however, favored letting the Department of Transportation study the issue before such a law was passed, and the House Transportation Committee recently voted to direct the department to conduct such a study before heavier trucks are authorized, the website explained. The issue of heavier trucks, which has been controversial in the past, is likely to resurface next year when lawmakers are slated to consider a new transportation bill, Politico stated. Reference Link
News For CMI;NAV;NSC;CNI;UNP;CP;RA;CSX;GWR;KSU From The Last 14 Days
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July 2, 2015
14:42 EDTCMI, NAVClass 8 truck orders for June said to be 19,900 units
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11:35 EDTCSXCSX says Tennessee derailment affecting shipments
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June 30, 2015
12:08 EDTCPCanadian Pacific to buy 308K shares from armís length third party for C$55.8M
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10:54 EDTCMICummins announces retirement of Chief Technical Officer John Wall
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10:49 EDTNAVGM, Navistar may announce commercial truck venture, Forbes reports
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08:09 EDTKSU, UNP, NSC, CSX, CNI, CPRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTCSX, NSCSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 25, 2015
07:37 EDTNAVExecutives' Club of Chicago to hold a discussion
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June 24, 2015
07:33 EDTCSXHouse Transportation & Infrastructure Committee to hold a hearing
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June 22, 2015
10:14 EDTKSU, CNIKansas City Southern could yield synergies for Canadian National, says Cowen
Cowen said Canadian National (CNI) has been increasing its presence and service offerings in the U.S. Gulf coast and a merger with Kansas City Southern (KSU) could increase competitiveness and result in substantial revenue synergies. The firm said Kansas City Southern trades at a 25% premium to the rail group and any merger would involve a great amount of political risk and has no reason to believe the company is contemplating such a move.
June 19, 2015
15:27 EDTCMICummins voices supports for rulemaking to improve truck efficiency
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11:19 EDTCSXLouisville & Indiana Railroad and CSX close joint infrastructure upgrade project
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10:50 EDTNAV, CMIEPA proposes new rules for medium- and heavy-duty truck emissions
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