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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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February 10, 2016
06:39 EDTGWRGenesee & Wyoming reports January traffic up 30.5% to 218,431 carloads
G&W's traffic in January was 218,431 carloads, an increase of 51,082 carloads, or 30.5%, compared with January 2015. G&W's same-railroad traffic in January 2016 was 139,511 carloads, a decrease of 27,838 carloads, or 16.6%, compared with January 2015. Reports North America Traffic in January was 124,416 carloads, a decrease of 16.6% compared with January 2015. The decrease was primarily due to reduced shipments of coal & coke, minerals & stone, metals and agricultural products. Reports Australia Traffic in January was 15,095 carloads, a decrease of 16.8% compared with January 2015. The decrease was primarily due to reduced metallic ores shipments from previously disclosed closures of customer iron ore and manganese mines in 2015. Reports U.K./European Operations traffic was 78,920 carloads in January 2016. Traffic in January was led by intermodal traffic in the U.K. and continental Europe as well as minerals & stone traffic in Poland and the U.K.
February 9, 2016
18:15 EDTCP, NSCNorfolk Southern issues statement regarding Canadian Pacific proposal
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13:59 EDTNSC, CPCanadian Pacific to file Norfolk shareholder proposal for good faith discussions
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11:49 EDTCP, NSCCanadian Pacific to give up proxy fight for Norfolk Southern, WSJ reports
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11:11 EDTGWRGenesee & Wyoming sees free cash flow increasing 10% in 2016
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11:09 EDTGWRGenesee & Wyoming says Australian manganese mine ceased shipments in November
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10:56 EDTCP, NSCCanadian Pacific to abandon proxy fight for Norfolk Southern, DJ reports
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08:28 EDTGWRGenesee & Wyoming sees Q1 adjusted EPS 70c-75c, consensus 88c
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08:27 EDTGWRGenesee & Wyoming sees FY16 EPS $3.60-$3.80, consensus $4.12
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06:07 EDTGWRGenesee & Wyoming reports Q4 N American traffic down 14.8% to 388,228 carloads
Australian Operations traffic decreased 8,111 carloads, or 14.9%, to 46,245 carloads in the fourth quarter of 2015. Operating revenues from G&W's U.K./European Operations increased $156.1 million to $161.0 million in the fourth quarter of 2015, compared with $5.0 million in the fourth quarter of 2014 as a result of the newly acquired Freightliner U.K./European operations.
06:06 EDTGWRGenesee & Wyoming raises FY16 free cash flow by 10% to $285M
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06:05 EDTGWRGenesee & Wyoming to concentrate on commercial development worldwide
Cuts investment in plant and equipment to be consistent with lower traffic levels. The company announced it has made expense reductions in every operating region, with Australia now initiating a second round of cost cuts and the U.K./Europe planning significant cost reductions and a restructuring of UK coal business in 1H16.
06:04 EDTGWRGenesee & Wyoming: 2015 trends show few signs of abating in 2016
The company commented, "The trends that made 2015 difficult show few signs of abating in 2016. In North America, we anticipate our operating income to be down slightly as sustained weakness in coal and steel shipments is expected to offset positive trends such as core pricing. In Australia, we expect a decline in operating income due to the recent closure of a manganese mine and continued pressure on our remaining iron ore business. In the U.K./Europe, we expect operating income to be flat, but to improve in the second half of 2016 after we complete the restructuring of the U.K. coal business. The net impact of these trends and weaker foreign currencies is that we expect our adjusted diluted EPS to be down approximately 10% in 2016."
06:03 EDTGWRGenesee & Wyoming: All 3 operating segments continue to face weak shipments
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06:01 EDTGWRGenesee & Wyoming reports Q4 adjusted EPS 85c, consensus 86c
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February 8, 2016
14:28 EDTGWRNotable companies reporting before tomorrow's open
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07:39 EDTNSCDiverse set of companies planning layoffs, pulling back spending, WSJ says
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February 5, 2016
16:12 EDTCNICanadian National announces share repurchase program
CN announced that it will repurchase common shares under a specific share repurchase program. The purchase will form part of the Normal Course Issuer Bid for up to 33M shares announced on Oct. 27, 2015. CN will enter into an agreement with a third party to repurchase common shares through daily purchases that will take place from March 1 or upon the completion of the previous agreement to March 11, subject to a maximum of 1.5M common shares.
February 4, 2016
12:12 EDTUNPUnion Pacific announces 2016 capital plan of $3.75B, down $550M y/y
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February 2, 2016
07:19 EDTCP, NSCPennsylvania dems raise concern over potential CP-Norfolk deal, Reuters says
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