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Stock Market & Financial Investment News

News Breaks
May 20, 2014
15:59 EDTTRN, UNP, KSU, CP, NSC, CSX, GBX, GWR, CNINDPC 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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February 23, 2015
06:12 EDTCPCanadian Pacific initiated with an Overweight at JPMorgan
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06:11 EDTUNPUnion Pacific initiated with a Neutral at JPMorgan
Target $128.
06:11 EDTKSUKansas City Southern initiated with an Overweight at JPMorgan
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06:09 EDTCSXCSX initiated with an Overweight at JPMorgan
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05:09 EDTCNICanadian National, Unifor unable to reach agreement, to continue to meet
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February 22, 2015
17:43 EDTCNICN, Unifor talks to resume ahead of lockout deadline, Bloomberg says
Canadian National intends to return to the bargaining table to negotiate with Unifor, the union that represents 4,800 of its workers, in order to prevent a lock-out on Monday, Bloomberg says. Reference Link
13:45 EDTGWR, KSU, CP, CNI, UNP, CSX, NSCCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. 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) and Union Pacific (UNP). Reference Link
11:45 EDTCNICN dissapointed with Unifor's recent claims
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February 20, 2015
16:17 EDTCNICanadian National to lockout union employees if settlement not reached
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08:35 EDTKSUKansas City Southern appoints Patrick Ottensmeyer as president effective March 1
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February 19, 2015
11:20 EDTTRNTrinity Industries says continues to benefit from railcar demand
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11:11 EDTTRNTrinity Industries 'feels comfortable' that guard rail product is in compliance
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February 18, 2015
18:55 EDTTRNOn The Fly: After Hours Movers
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17:24 EDTCNICanadian National Northern Quebec line engineers and conductors ratify agreement
CN announced that locomotive engineers and conductors working on the company's Northern Quebec Internal Short line have ratified a new collective agreement. The employees are represented by the Teamsters Canada Rail Conference union. The four-year agreement provides wage increases and benefit improvements to 93 employees.
16:18 EDTTRNTrinity Industries sees Q1 EPS to be below last year's level
Trinity Industries said: "As a reminder, first quarter 2014 results included 72c per common diluted share of earnings related to sales of new and existing leased railcars to Element. As a result, we do expect first quarter 2015 earnings per common diluted share to be below last year's level."
16:17 EDTTRNTrinity Industries sees FY15 EPS $4.00-$4.40, consensus $4.28
The company expects the level of quarterly earnings per share in 2015 to be relatively consistent throughout the year.
16:16 EDTTRNTrinity Industries reports Q4 EPS 86c, consensus 83c
Reports Q4 revenue $1.66B, consensus $1.62B.
15:35 EDTTRNNotable companies reporting after market close
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12:04 EDTCNICanadian National to implement targeted work rule changes barring Unifor deal
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07:07 EDTUNP, CSXBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
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