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May 20, 2014
04:55 EDTCP, CP, R, R, AEP, AEP, ABFS, ABFS, ECHO, ECHO, JBHT, JBHT, UACL, UACL, RRTS, RRTS, CNI, CNI, BA, BA, NSC, NSC, KSU, KSU, GWR, GWR, KNX, KNXWolfe Research to hold a conference
7th Annual Global Transportation Conference to be held in New York on May 20-21.
News For CP;GWR;KSU;NSC;BA;CNI;RRTS;UACL;JBHT;ECHO;ABFS;AEP;R;KNX From The Last 14 Days
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February 22, 2015
13:45 EDTGWR, CNI, CP, NSC, KSUCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. 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
11:45 EDTCNICN dissapointed with Unifor's recent claims
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February 20, 2015
16:17 EDTCNICanadian National to lockout union employees if settlement not reached
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12:53 EDTKNXCitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
08:48 EDTBABoeing price target raised to $196 from $164 at Sterne Agee
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08:35 EDTKSUKansas City Southern appoints Patrick Ottensmeyer as president effective March 1
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06:27 EDTKNXTrucking stocks likely to outperform S&P 500, says Citigroup
Citigroup says its work indicates trucking stocks respond most directly to economic growth. With the economy on a growth trajectory, Citi expects trucking stocks are likely to outperform the S&P 500. The firm reiterates Buy ratings on Swift Transportation (SWFT) and Knight Transportation (KNX), with a preference for Swift. It also has a Buy rating on Cummins (CMI) and Neutral on PACCAR (PCAR).
February 19, 2015
17:28 EDTBABoeing awarded $591.25M government contract modification
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16:31 EDTUACLUniversal Truckload reports Q4 EPS 35c, consensus 39c
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07:46 EDTBAAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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February 18, 2015
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.
12:04 EDTCNICanadian National to implement targeted work rule changes barring Unifor deal
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10:05 EDTKNX, ECHOOn The Fly: Analyst Initiation Summary
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09:02 EDTBAOrbital ATK begins production of Boeing 787 Dreamliner frames
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08:16 EDTBAKaman awarded 777/767 fixed trailing edge kits LTA by Boeing
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08:03 EDTBAAlaska Air purchasing six Boeing Extended Range aircraft
Alaska Airlines (ALK) is purchasing six more Boeing (BA) 737-900 Extended Range aircraft, valued at $594M. Boeing's current list price. The new planes, four scheduled for delivery in 2016 and two in 2017, bring Alaska's total of locally manufactured jets on order to 79.
07:07 EDTBABarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
06:38 EDTECHOEcho Global initiated with a Buy at UBS
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06:34 EDTKNXKnight Transportation initiated with a Buy at UBS
Target $37.
February 17, 2015
11:04 EDTBABoeing awarded $29.5M contract for laser weapons on Navy ships
Boeing said it has been awarded a $29.5M contract to design and develop a beam control system that could provide exceptional accuracy for laser weapons on U.S. Navy warships.
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