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Stock Market & Financial Investment News

News Breaks
November 6, 2013
14:09 EDTCSXCSX reaffirms view for annual EPS growth 10%-15% from 2013-2015
CSX CFO Fredrik Eliasson, speaking at the Baird Industrials Conference, reaffirmed the company's long-term guidance for EPS to grow over a two year period at an average rate of 10%-15% through 2015 off the 2013 base, although that is more challenging in the near term given the coal environment. The company remains focused on sustaining an operating ratio in the high-60s by 2015, and the mid-60s longer-term, Eliasson added.
News For CSX From The Last 14 Days
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February 27, 2015
09:58 EDTCSXOn The Fly: Analyst Upgrade Summary
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08:48 EDTCSXCSX upgraded at BMO Capital
As reported previously, BMO Capital upgraded CSX to Outperform from Market Perform. After meeting with the company's management, the firm thinks it has a significant cost reduction opportunity; an improving pricing environment; and robust demand in the merchandise and intermodal segments. The firm believes that the coal headwind only presents a moderate risk to the company. Target to $40 from $38.
06:24 EDTCSXCSX upgraded to Outperform from Market Perform at BMO Capital
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February 25, 2015
07:20 EDTCSXCSX management to meet with UBS
Meeting to be held in Boston on February 25 hosted by UBS.
February 23, 2015
09:59 EDTCSXOn The Fly: Analyst Initiation Summary
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06:09 EDTCSXCSX initiated with an Overweight at JPMorgan
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February 22, 2015
13:45 EDTCSXCanada 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
February 18, 2015
07:07 EDTCSXBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.

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