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Stock Market & Financial Investment News

News Breaks
February 16, 2014
16:06 EDTCP, TRN, GBX, ARIICanadian Pacific places surcharge on older oil tank cars, Reuters says
Seeking to deter shippers of crude oil from using tank car models that have been involved in a series of crashes, Canadian Pacific Railway (CP) is placing a surcharge on customers who transport crude in older tank cars, says Reuters. Companies that manufacture rail tank cars include, Trinity Industries (TRN), American Railcar Industries (ARII), and The Greenbrier Companies (GBX). Reference Link
News For CP;TRN;GBX;ARII From The Last 14 Days
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July 23, 2014
15:28 EDTGBXGreenbrier says prepared for tank-car retrofits required by DoT
The Greenbrier Companies responded to the U.S. Department of Transportation's proposed rulemaking on the safe movement of flammable liquids by rail, including crude oil and ethanol. While Greenbrier is examining the details of the proposed rulemaking and will provide full comments at a later date, Jack Isselmann, VP External Affairs and Communications today made the following statement: "Greenbrier is pleased that Secretary Foxx recognizes the urgency of completing this rulemaking and we commend his stated intention to issue a rule in the next 60 days. A final rule will provide the clarity the industry needs to make investments that ensure that crude oil and other flammable commodities are classified properly and transported in tank cars that are safer at any speed. We are also gratified that two of the three alternate new design standards proposed by the Department call for a 9/16-inch thick steel shell, a safety feature that Greenbrier has consistently championed with our next generation 'Tank Car of the Future' design. This design can better withstand the additional demands associated with operating unit trains like the high-hazard flammable trains identified today by the Department. A two-year timetable for phasing out the use of older DOT-111 cars in the most hazardous flammable service is aggressive, but can be achieved through a combination of increased new tank car production and appropriate retrofit packages for tank cars that meet a more robust safety standard. Greenbrier is prepared to meet the need for tank car retrofits with our newly-launched joint venture for railcar repair and retrofitting, GBW Railcar Services."
11:18 EDTTRN, ARII, GBXDoT proposes phase out of older DOT 111 tank cars for certain flammable liquids
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July 17, 2014
07:37 EDTCPCanadian Pacific reports Q2 EPS C$2.11, consensus C$2.10
Reports Q2 revenue C$1.68B, consensus C$1.65B. Operating ratio was 65.1%, a 680 basis point improvement.
July 16, 2014
19:37 EDTCPCanadian Pacific to challenge arbitrators reinstatement of drug-using employee
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July 10, 2014
14:00 EDTCPCanadian Pacific July volatility increases into Q2
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08:10 EDTCPMorgan Stanley's Vintage Values 2015 list selected
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