New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:33 EDTUNP, KSU, CP, NSC, CSX, GWR, CNIU.S. to propose tougher oil shipping regulations, NY Times says
U.S. regulators said yesterday that they would propose stricter rules on the transportation of oil by trains, according to The New York Times. Expected to be proposed next week, the regulations would include “options for enhancing tank car standards,” the newspaper quoted a Transportation Department spokesman as saying. Publicly traded railway companies 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
News For CSX;KSU;CNI;NSC;UNP;GWR;CP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 23, 2015
16:36 EDTCPCanadian Pacific announces new 9.14M share repurchase program
Canadian Pacific announced that it intends to renew its normal course issuer bid, NCIB, commencing March 17, subject to the approval of the Toronto Stock Exchange. CP's board of directors has authorized the repurchase of up to 9.14M of its common shares, for cancellation, representing approximately 6% of CP's "public float" of common shares as at February 20. "This new share repurchase program demonstrates CP's continued confidence in the long-term prospects of the company and underscores our commitment to enhancing total shareholder return," said CP CEO E. Hunter Harrison. "Our strong balance sheet and cash flow position enables us to return cash to shareholders while continuing to pursue our business strategy and invest in the franchise." CP is permitted to purchase up to 12,650,862 common shares during the 12 month period ending March 16, under its current program. CP has substantially completed the purchase of such shares, with 12,192,437M shares purchased at a weighted average price of $202.62 as of February 20. CP expects it will complete purchases under its current NCIB prior to the expiry of the program on March 16th.
09:59 EDTUNP, KSU, NSC, CSX, CNI, CPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:17 EDTNSCNorfolk Southern initiated with an Underweight at JPMorgan
Subscribe for More Information
06:12 EDTCNICanadian National initiated with a Neutral at JPMorgan
Price target C$88.
06:12 EDTCPCanadian Pacific initiated with an Overweight at JPMorgan
Subscribe for More Information
06:11 EDTUNPUnion Pacific initiated with a Neutral at JPMorgan
Target $128.
06:11 EDTKSUKansas City Southern initiated with an Overweight at JPMorgan
Subscribe for More Information
06:09 EDTCSXCSX initiated with an Overweight at JPMorgan
Subscribe for More Information
05:09 EDTCNICanadian National, Unifor unable to reach agreement, to continue to meet
Subscribe for More Information
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 EDTKSU, GWR, CSX, UNP, CP, CNI, 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
Subscribe for More Information
February 20, 2015
16:17 EDTCNICanadian National to lockout union employees if settlement not reached
Subscribe for More Information
08:35 EDTKSUKansas City Southern appoints Patrick Ottensmeyer as president effective March 1
Subscribe for More Information
February 18, 2015
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.
12:04 EDTCNICanadian National to implement targeted work rule changes barring Unifor deal
Subscribe for More Information
07:07 EDTUNP, CSXBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
February 17, 2015
18:02 EDTCSXDerailed train that exploded in West Virginia had modern tanker cars, WSJ says
Subscribe for More Information
08:59 EDTCSXCSX confirms response to West Virginia train derailment
CSX announced that teams were working with first responders on the derailment of an oil train near Mount Carbon, West Virginia. The train consisted of two locomotives and 109 rail cars and was traveling from North Dakota to Yorktown, Va. One person was being treated for potential inhalation, but no other injuries were reported. "At least one rail car appears to have ruptured and caught fire. The derailment has resulted in the precautionary evacuation of nearby communities, and precautionary suspension of operations at the Cedar Grove and Montgomery water treatment plants. CSX is working with the Red Cross and other relief organizations to address residents’ needs, taking into account winter storm conditions. These efforts include shelters for residents who have been evacuated. CSX teams also are working with first responders to address the fire, to determine how many rail cars derailed, and to deploy environmental protective measures and monitoring on land, air and in the nearby Kanawha River. The company also is working with public officials and investigative agencies to address their needs," the company said.
February 16, 2015
15:22 EDTCPCanadian Pacific enters binding arbitration with Teamsters Canada
Canadian Pacific said it and the Teamsters Canada Rail Conference agreed to enter into binding arbitration, putting an end to the work stoppage by CP's locomotive engineers and conductors. E. Hunter Harrison, CP's CEO said, "While we would have preferred a negotiated settlement, this is the right thing to do at this time." An arbitrator will be appointed by the federal government. No further details are being released at this time. On February 14, CP announced a tentative four-year agreement with its Unifor employees. Details of the tentative agreement are being withheld pending ratification by the Unifor membership.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use