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Stock Market & Financial Investment News

News Breaks
May 20, 2014
15:59 EDTCSX, KSU, CNI, NSC, UNP, GWR, CP, TRN, GBXNDPC study shows Bakken consistency, similarity to other light sweet crudes
Bakken crude is similar to other North American light, sweet crudes and does not pose a greater risk to transport by rail than other transportation fuels, concluded a study recently completed by Turner, Mason & Company for the North Dakota Petroleum Council, NDPC. The data also showed that Bakken crude is consistent throughout the basin with only minor geographic variability in gravity, and is comparable to other light, sweet crudes. “This is the third independent study to confirm that Bakken crude does not significantly differ from other crude oils and poses no greater risks than other flammable liquids authorized for rail transport,” said Kari Cutting, vice president of the NDPC. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC), Trinity Industries (TRN), The Greenbrier Companies (GBX) and Union Pacific (UNP). Reference Link
News For CSX;KSU;CNI;NSC;UNP;GWR;CP;TRN;GBX From The Last 14 Days
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October 1, 2014
16:11 EDTCPCanadian Pacific expects to more than double EPS over next four years
The company expects to grow annual revenue to $10B in 2018, and to generate cumulative cash flow before dividends of $6B through 2018.
13:24 EDTTRN, GBXRailcar makers fall after lobbyists seek delay of oil tank car rules
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13:12 EDTTRNTrinity Industries sell-off today overdone, says UBS
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12:07 EDTTRNTrinity Industries pullback a buying opportunity, says UBS
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07:38 EDTGBX, TRNRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
September 29, 2014
18:18 EDTCPCanadian Pacific raises share repurchase authorization to 8% from 3%
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September 26, 2014
12:06 EDTCNICanadian National sees frac-sand franchise generating C$300M in 2014
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September 25, 2014
06:39 EDTCPCanadian Pacific to host two day investor meeting
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September 24, 2014
14:02 EDTCNICanadian National sells rail line to Metrolinx for C$76M
Canadian National announced the purchase by Metrolinx of a segment of Canadian National rail line principally used by GO Transit commuter trains in the Georgetown-Kitchener, Ont., area west of Toronto for C$76M. Metrolinx is acquiring the segment of Canadian National's Guelph Subdivision from a point west of Main Street in Georgetown to a location near Park Street in Kitchener. Canadian National will retain freight operating rights over the line segment sold to Metrolinx.
September 22, 2014
10:30 EDTNSCNorfolk Southern September weekly volatility elevated into investor meeting
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07:25 EDTKSU, CNI, CSXCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.
September 18, 2014
10:55 EDTNSCNorfolk Southern to host investor and analyst meeting
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07:38 EDTTRNTrinity Industries management to meet with UBS
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07:22 EDTCNICanadian National fined for missing grain quota, Globe and Mail reports
The Canadian government is imposing its first monetary penalty under the recently passed Fair Rail for Grain Farmers Act, fining Canadian National Railway for failing to move its required minimum amount of grain each week, said The Globe and Mail, which noted that a CN spokesman said the company had not been informed by the government about the fine. Reference Link

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