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Stock Market & Financial Investment News

News Breaks
March 21, 2014
05:19 EDTCNICanadian National proposes binding arbitration with TRC-CTY
CN said it has proposed binding arbitration to reach a contract settlement with the Teamsters Canada Rail Conference - Conductors, Trainpersons and Yardpersons, or TCRC-CTY, after the union advised that the tentative labour agreement negotiated with CN on Feb. 5, failed to ratify. This is the second tentative contract that the TCRC-CTY has not ratified this year. The TCRC-CTY represents approximately 3,000 CN train conductors, trainpersons, yardpersons and traffic coordinators on CN's network in Canada. Claude Mongeau, CN president and CEO, said: "We are disappointed that our tentative agreement with the TCRC-CTY narrowly failed ratification following extensive negotiations with the union's bargaining committee.
News For CNI From The Last 14 Days
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April 20, 2015
16:11 EDTCNICanadian National declares Q2 dividend of C$0.3125
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16:09 EDTCNICanadian National raises FY15 CapEx view to C$2.7B from C$2.6B
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16:08 EDTCNICanadian National sees 2015 carload growth of 3%
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16:07 EDTCNICanadian National reports Q1 carloads up 9%
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16:06 EDTCNICanadian National reports Q1 EPS C$0.86, consensus C$0.85
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15:37 EDTCNINotable companies reporting after market close
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13:29 EDTCNICanadian National technical comments before earnigns
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April 16, 2015
18:20 EDTCNICanadian National locomotive engineers in Canada ratify new labour agreement
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10:31 EDTCNICN announces multi-year C$500M investment to upgrade Western Canada feeder lines
CN announced a multi-year program to invest approximately C$500M in infrastructure improvements to its Western Canada feeder rail lines in Alberta, Manitoba, and Saskatchewan that are handling rising volumes of industrial products, natural resources, and energy-related commodities. In 2015, CN will allocate approximately C$100M for work on northern Alberta branch lines, investing in infrastructure upgrades and safety improvements, including heavier rail, crushed rock ballast and new ties, to ensure the network can efficiently accommodate future freight volume growth in the Peace River region. CN continues to see rising freight volumes in Western Canada, which have increased by more than 50% in the past five years. Given this growth, CN has also invested significantly in its Edmonton-Winnipeg main line corridor, installing sections of double track, extending sidings to accommodate longer more efficient trains, and improving major classification yards. CN's major investments in Western Canada are designed to increase the capacity and safety of its rail infrastructure and to allow the company to continue to grow at low incremental cost in support of Canada's trade.
April 13, 2015
17:03 EDTCNIRailroad 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.
April 10, 2015
13:06 EDTCNICN worker dies in incident at rail yard in Saskatoon, Globe and Mail reports
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April 9, 2015
10:00 EDTCNIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adobe (ADBE) initiated with an Overweight at Stephens... Aimco (AIV) initiated with a Neutral at Janney Capital... Akamai (AKAM) initiated with a Hold at Deutsche Bank... Anadarko (APC) initiated with an Outperform at BMO Capital... Apache (APA) initiated with a Market Perform at BMO Capital... Arista Networks (ANET) initiated with a Neutral at Wedbush... AvalonBay (AVB) initiated with a Neutral at Janney Capital... BioScrip (BIOS) initiated with a Buy at Craig-Hallum... Brinker (EAT) initiated with a Buy at Longbow... Broadcom (BRCM) initiated with a Buy at Ladenburg... Camden Property (CPT) initiated with a Neutral at Janney Capital... Canadian National (CNI) initiated with an Overweight at Atlantic Equities... Canadian Pacific (CP) initiated with an Overweight at Atlantic Equities... Cancer Genetics (CGIX) initiated with a Buy at Janney Capital... Denny's (DENN) initiated with a Buy at Longbow... Equity Residential (EQR) initiated with a Neutral at Janney Capital... Essex Property Trust (ESS) initiated with a Neutral at Janney Capital... Fifth Third (FITB) initiated with a Buy at Evercore ISI... Garrison Capital (GARS) initiated with a Buy at Maxim... GrubHub (GRUB) initiated with a Hold at Wunderlich... Hess Corp. (HES) initiated with a Market Perform at BMO Capital... Home Properties (HME) initiated with a Buy at Janney Capital... Huntington Bancshares (HBAN) initiated with a Buy at Evercore ISI... Intersect ENT (XENT) initiated with a Buy at CRT Capital... Jack in the Box (JACK) initiated with a Neutral at Longbow... KeyCorp (KEY) initiated with a Hold at Evercore ISI... LogMeln (LOGM) initiated with a Neutral at JPMorgan... Marathon Oil (MRO) initiated with a Market Perform at BMO Capital... Marvell (MRVL) initiated with an Outperform at Cowen... Masonite (DOOR) initiated with an Outperform at Macquarie... Mid-America Apartment (MAA) initiated with a Buy at Janney Capital... Natures Sunshine Products (NATR) initiated with an In-Line at Imperial Capital... Nielsen (NLSN) initiated with an Outperform at Telsey Advisory... Plug Power (PLUG) initiated with an Equal Weight at Morgan Stanley... Post Properties (PPS) initiated with a Neutral at Janney Capital... QTS Realty Trust (QTS) initiated with a Buy at Evercore ISI... Rentrak (RENT) initiated with an Outperform at Telsey Advisory... RiceBran (RIBT) initiated with a Buy at Maxim... StarTek (SRT) initiated with a Buy at Lake Street... Tribune Media (TRCO) initiated with an Outperform at Wells Fargo... TrueCar (TRUE) initiated with a Hold at Wunderlich... UDR, Inc. (UDR) initiated with a Neutral at Janney Capital... comScore (SCOR) initiated with a Market Perform at Telsey Advisory.
07:03 EDTCNICanadian National initiated with an Overweight at Atlantic Equities
April 7, 2015
13:08 EDTCNINTSB: 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 canít wait a decade for safer rail cars,Ē 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
06:14 EDTCNIOil train shipments stalled due to safety concerns and crude prices, WSJ reports
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April 6, 2015
15:42 EDTCNICrude-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

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