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Stock Market & Financial Investment News

News Breaks
January 7, 2013
09:19 EDTUNP, CP, CSX, KSU, GWR, RA, NSC, CNIBarge traffic already restricted on part of Mississippi, Washington Post says
A 180 mile stretch of the Mississippi River is now closed to barge traffic for 16 hours a day due to drought, while boats can only go in one direction, depending on the hour, for the other eight hours, the Washington Post reported yesterday. As of Friday, the National Weather Service predicted that a section of the river could be effectively closed to commerce late this week, but the Army and Coast Guard say that the river will remain open to barges, the newspaper added. Reference Link
News For CSX;CNI;GWR;CP;NSC;KSU;UNP;RA From The Last 14 Days
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May 29, 2015
17:01 EDTCPCP to purchase 1.4M shares through private pacts under share repurchase program
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May 28, 2015
10:41 EDTCNI, CPTeck to shut down six coal operations in Q3, CP falls
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May 27, 2015
19:14 EDTRAOn The Fly: After Hours Movers
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18:06 EDTUNPUnion Pacific plans to invest $72M in Louisiana rail infrastructure
Union Pacific plans to invest $72M in 2015 to improve Louisiana's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the resurgent American economy. Union Pacific's planned investment covers a range of initiatives: $67M to maintain railroad track, $1M to enhance signal systems and $2M to maintain or replace bridges in the state. Key projects planned this year include: $11M investment in the rail line between Columbia and Pollock to replace 22 miles of rail and repair the surfaces at 21 road crossings. $8M investment in the rail line between Fordoche and Morrow to replace 22 miles of rail and repair the surfaces at 12 road crossings. Union Pacific plans to spend $4.2B across its network this year, following investments totaling more than $31B from 2005-2014. These investments contributed to a 38% decrease in derailments over the last 10 years.
May 26, 2015
20:50 EDTNSCBernstein to hold a conference
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May 20, 2015
11:35 EDTUNPUnion Pacific sees little improvement in coal shipments for remainder of Q2
On May 20, at the Wolfe Research Global Transportation Conference, Robert Knight, Jr., Executive Vice President-Finance and CFO of Union Pacific, stated that, with second quarter 2015 coal volumes down approximately 25% quarter-to-date versus last year, the company at this point does not expect to see much improvement in coal shipments for the remainder of the second quarter of 2015. Key volume drivers for coal continue to be the combination of low natural gas prices and mild weather conditions. Knight further noted that, as discussed on the company’s first quarter earnings release conference call, the company remains focused on re-aligning resources with demand to improve service and reduce costs. While progress is being made, the company expects the second quarter will still reflect the service and cost impacts of operating inefficiencies.
10:39 EDTUNPUnion Pacific facing near-term cost headwinds
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08:46 EDTNSCNorfolk Southern reports volumes Q2-to-date are down 1%
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May 19, 2015
07:11 EDTUNP, CNI, CSX, CPWolfe Research to hold a conference
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May 18, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
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07:56 EDTKSUKansas City Southern downgraded due to lower volumes at BofA/Merrill
As previously reported, BofA/Merrill downgraded Kansas City Southern to Neutral from Buy and lowered its price target to $97 from $116. The firm said Kansas City Southern already pulled guidance and Q2 carloads to date are down 7%, versus its 1% growth forecast and coal carloads are down 44%, below its forecast of down 7%, due to large customer. Luminent, being virtually shut-down due to low natural gas prices.
06:47 EDTKSUKansas City Southern downgraded to Neutral from Buy at BofA/Merrill

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