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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:12 EDTUNP, CP, CSX, KSU, GWR, RA, NSC, CNIOfficials say Mississippi River will stay open to shipping, NY Times reports
Government officials are predicting that the Mississippi River will not be closed to barge shipping this year due to the river's low levels, although barges have been forced to carry lighter loads than usual, according to The New York Times. The number of ships navigating the river is also fewer than usual, 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 15, 2015
08:40 EDTUNPUnion Pacific upgraded to Buy from Hold at TD Securities
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07:31 EDTKSUKansas City Southern downgraded at Credit Suisse
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06:44 EDTCNI, GWR, CSX, CP, NSC, UNPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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06:09 EDTKSUKansas City Southern downgraded to Neutral from Outperform at Credit Suisse
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May 14, 2015
13:12 EDTNSCNorfolk Southern names Alan Shaw Chief Marketing Officer
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11:30 EDTCNICanadian National says Q2 looks a bit 'softer' than anticipated
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11:29 EDTNSCNorfolk Southern CEO says 'confident' in company's long-term strengths
Addressing his last annual meeting as Norfolk Southern's CEO, Wick Moorman told shareholders that "we see continuing strength in the overall economy as well as opportunities in many of the markets we serve," and, "We are confident in our company's long-term strengths and prospects for continued success." President Jim Squires becomes CEO June 1, and Moorman will remain as executive chairman of the board. Moorman reviewed company highlights of 2014, which included "earning record income, revenues, and earnings per share while establishing its best-ever operating ratio, a key indicator of operating performance." These accomplishments were especially significant, Moorman said, considering 2014's extreme winter weather and traffic surges that exceeded expectations, which created service challenges. He delivered an upbeat message to customers and stockholders. "We expect to reach the strong velocity and service levels we saw in 2012 and 2013 by the second half of this year," Moorman said. "As we restore our network's velocity and efficiency, we will be able to secure additional business at rates that will drive positive returns for our shareholders."
10:20 EDTCSXCSX sees Q2 EPS growth flat to slightly up vs. last year, consensus 55c
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10:19 EDTCSXCSX CFO says Q2 volume tracking 'slightly below' expected levels
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10:19 EDTCSXCSX continues to see EPS growth in mid to high single digit range
CSX CFO Fredrik Eliasson discussed the company's performance and second quarter volume and earnings projections at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston. Eliasson highlighted CSX's financial performance over the past decade, during which the company delivered a compound annual growth rate in EPS of 20% despite the loss of nearly $900M in coal revenue over the last few years. Eliasson outlined the company's view of second quarter volume, which is tracking slightly below expected levels due to very strong comparisons to last year. However, thanks to improving service levels and asset utilization, the company still expects second quarter EPS growth that is flat to slightly up compared to last year.For the full year, CSX continues to expect EPS growth in the mid-to-high single digit range, as well as meaningful margin expansion as the company makes progress toward a mid-60s operating ratio. Earnings growth this year will be driven predominantly by accelerating pricing performance and productivity gains approaching $200M as the company cycles strong volume comparisons and additional headwinds coal.
09:19 EDTNSC, UNP, KSU, CSX, GWR, CNI, CPKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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09:10 EDTKSUKansas City Southern to reevaluate providing revenue, volume guidance in 2016
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09:05 EDTKSUKansas City Southern board authorizes $500M share repurchase program
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09:05 EDTKSUKansas City Southern withdrawing 2015 revenue, volume guidance
On May 14, at the Bank of America Merrill Lynch Transportation Conference, Kansas City Southern EVP and CFO, Michael W. Upchurch, will provide a business update. As noted in Upchurch’s presentation, the company is withdrawing its 2015 revenue and volume guidance primarily due to the uncertainty around energy-related markets, foreign exchange impacts, and U.S. fuel prices. The company is reiterating its operating ratio target of low-60s by 2017.
May 13, 2015
17:12 EDTCSXCSX says no impact from Amtrak trail derailment
CSX said in an emailed statement, "CSX’s mainline is not in the vicinity of the incident, and at this time we are not experiencing any significant delays in our operations through the Philadelphia area. We will work with customers to continue meeting their needs as first responders and investigators complete their important work."
16:06 EDTCSXOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
10:46 EDTKSU, CSX, CNI, NSCRail estimates lowered at Wolfe Research
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07:13 EDTCNI, CSX, GWRBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
06:31 EDTGWRGenesee & Wyoming reports April traffic down 5% to 161,986 carloads
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May 8, 2015
13:49 EDTCSXCSX CFO discloses sale of 30,000 shares
CSX CFO Fredrik Eliasson disclosed today the sale of 30,000 shares at a price of $35.48 on May 6. Eliasson still owns 95,543 shares of CSX, according to the filing.
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