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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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June 30, 2015
12:08 EDTCPCanadian Pacific to buy 308K shares from armís length third party for C$55.8M
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08:09 EDTUNP, NSC, CNI, CP, KSU, CSXRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTNSC, CSXSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 24, 2015
07:33 EDTCSXHouse Transportation & Infrastructure Committee to hold a hearing
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June 22, 2015
10:14 EDTKSU, CNIKansas City Southern could yield synergies for Canadian National, says Cowen
Cowen said Canadian National (CNI) has been increasing its presence and service offerings in the U.S. Gulf coast and a merger with Kansas City Southern (KSU) could increase competitiveness and result in substantial revenue synergies. The firm said Kansas City Southern trades at a 25% premium to the rail group and any merger would involve a great amount of political risk and has no reason to believe the company is contemplating such a move.
June 19, 2015
11:19 EDTCSXLouisville & Indiana Railroad and CSX close joint infrastructure upgrade project
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June 17, 2015
15:36 EDTCNICanadian National signs memorandum of understanding with Port of New Orleans
Canadian National signed a memorandum of understanding with the Port of New Orleans that will see the parties develop additional supply chain efficiencies aimed at drawing more container traffic over the port to North American markets. JJ Ruest, Canadian's EVP and Chief Marketing Officer, said, "We and our Port of New Orleans gateway partners have a mutual interest in ensuring a more competitive rail movement of containerized goods through the gateway and into the Midwest and mid-continent... The expanded Panama Canal is expected to offer greater freight traffic opportunities to the ports of New Orleans and Mobile. Our plan to implement level-of-service agreements at these two ports and raise their involvement in rail transportation should help them take advantage of rising container trade with Asia and South America." The Port of New Orleans has an intermodal rail terminal adjacent to its Napoleon Avenue Container Terminal providing on-dock access for all rail shipments. The new Mississippi River Intermodal Terminal is currently under construction. The $25M project, planned for completion in 1Q16, will result in a more efficient container transfer terminal located within the container yard, offering on-dock access and improving Canadian's link to the terminal and helping grow its container volumes, as claimed by the company.
14:42 EDTCSXOption volume leaders
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11:08 EDTKSUOptions with increasing implied volatility
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