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Stock Market & Financial Investment News

News Breaks
March 19, 2014
06:12 EDTCSX, YRCW, FDX, UNP, CNW, NSC, UPSFedEx results to show how much winter hurt whole freight industry, WSJ reports
FedEx reports Q3 earnings this morning, and the Wall Street Journal suggests it will offer a look into how badly this winter hurt the air-express business, but the wider U.S. freight and transportation industry. Reference Link
News For FDX;UPS;CNW;YRCW;NSC;UNP;CSX From The Last 14 Days
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March 4, 2015
09:43 EDTCSXCSX still targets double-digit EPS growth for FY15, though goal more challenging
CSX CFO Fredrik Eliasson stated at a conference: "We continue to expect strong earnings growth in the first quarter as merchandise and intermodal customers see growth opportunities and recognize the value and efficiency of freight rail service. By leveraging price and efficiency gains combined with expected volume increases, we continue to target double-digit earnings growth for the full-year 2015, though achieving that goal will be more challenging with the expected decline in coal movements." CSX FY15 EPS consensus $2.15.
09:41 EDTCSXCSX now sees Q1 domestic coal volume to decline at least 5%
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07:18 EDTUNPStifel downgraded L.B. Foster following lawsuit by customer
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March 3, 2015
11:15 EDTUNPUnion Pacific CFO sees FY15 carload volumes positive y/y
11:14 EDTUNPUnion Pacific sees Q1 volumes flat to slightly down y/y
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07:18 EDTUNPJPMorgan to hold a conference
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March 2, 2015
09:03 EDTNSCNorfolk Southern names Jim Squires CEO effective June 1, 2015
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February 27, 2015
09:58 EDTFDX, CSXOn 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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06:24 EDTFDXFedEx upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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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 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 23, 2015
09:59 EDTNSC, CSX, UNPOn The Fly: Analyst Initiation Summary
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06:17 EDTNSCNorfolk Southern initiated with an Underweight at JPMorgan
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06:11 EDTUNPUnion Pacific initiated with a Neutral at JPMorgan
Target $128.
06:09 EDTCSXCSX initiated with an Overweight at JPMorgan
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February 22, 2015
13:45 EDTUNP, NSC, CSXCanada 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

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