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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:45 EDTUNP, CP, CSX, KSU, GWR, RA, NSC, CNIMississippi River may soon be too shallow for barges, NPR reports
The Mississippi River will likely be kept open through the end of this month, but parts of it may soon be too shallow for barges, NPR quoted the Army Corps of Engineers as saying. Reference Link
News For CSX;CNI;GWR;CP;NSC;KSU;UNP;RA From The Last 14 Days
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June 29, 2015
13:47 EDTCSX, NSCSupreme 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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June 16, 2015
18:14 EDTCPCanadian Pacific plans to purchase up to 853K shares through going private deals
Canadian Pacific announced that it intends to purchase for cancellation up to 853,000 of its common shares pursuant to private agreements to be entered into between CP and three arm's-length third-party sellers. Purchases will be made in accordance with three issuer bid exemption orders issued by the Ontario Securities Commission each dated June 16, and pursuant to the Orders, may be made in several transactions prior to March 17, 2016. The price CP will pay for its common shares purchased by way of private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase. Purchases made by CP will be counted towards CP's normal course issuer bid announced on March 16, 2015 for up to 9.14M CP common shares and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under the Bid, being 3.05M common shares.
10:01 EDTCNIOn The Fly: Analyst Upgrade Summary
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07:41 EDTKSU, NSC, GWR, UNP, CSX, CP, CNIRail sector risk/reward attractive, but patience required, says UBS
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06:43 EDTCNICanadian National upgraded to Outperform from Market Perform at Raymond James
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June 15, 2015
13:01 EDTCNICN reaches framework agreement with Alabama State Port Authority
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