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Stock Market & Financial Investment News

News Breaks
December 4, 2012
07:44 EDTCGI, ODFL, XPO, ECHO, GWR, FWRD, UPS, R, GBXRaymond James to host a conference
Transportation Conference is being held in Chicago on December 4.
News For FWRD;XPO;GBX;GWR;ODFL;R;ECHO;CGI;UPS From The Last 14 Days
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February 26, 2015
11:28 EDTECHOEcho Global management to meet with Stephens
Meeting to be held in New York on March 3-4 hosted by Stephens.
10:00 EDTGWROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASUR Airports (ASR) upgraded to Sector Perform from Underperform at Scotia Capital... AcelRx (ACRX) upgraded to Buy from Neutral at Mizuho... AllianceBernstein (AB) upgraded to Buy from Neutral at BofA/Merrill... American Express (AXP) upgraded to Buy from Hold at Deutsche Bank... Argus upgraded Sonoco (SON) on multiple positive catalysts... Columbia Property (CXP) upgraded to Neutral from Sell at Goldman... Deutsche sees American Express (AXP) as undervalued, upgrades to Buy... Eldorado Gold (EGO) upgraded to Neutral from Sell at Goldman... Genesee & Wyoming (GWR) upgraded to Buy from Neutral at BofA/Merrill... Gruma (GMK) upgraded to Overweight from Equal Weight at Barclays... Isle of Capri (ISLE) upgraded to Outperform from Neutral at Macquarie... JAKKS Pacific (JAKK) upgraded at B. Riley... QTS Realty Trust (QTS) upgraded to Buy from Hold at Deutsche Bank... Sonoco (SON) upgraded to Buy from Hold at Argus... T-Mobile (TMUS) upgraded to Buy from Neutral at Citigroup... Vulcan Materials (VMC) upgraded at RBC Capital.
07:35 EDTGWRGenesee & Wyoming upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Genesee & Wyoming to Buy to reflect the boost in earnings from the Freightliner acquisition.
February 25, 2015
08:42 EDTGWRGenesee & Wyoming to hold a conference call
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07:55 EDTRNational Tube Supply renews contract with Ryder
Ryder System announced that National Tube Supply, a national distributor of carbon and alloy mechanical tubing, has renewed its contract for dedicated transportation services with Ryder.
February 24, 2015
18:20 EDTGWRGenesee & Wyoming sees Freightliner to generate US$785M in revenue in first year
During its first year of ownership, G&W expects Freightliner to generate approximately US$785M in revenues at current exchange rates and US$93M of EBITDA , which includes annual operating lease expense of US$69M. G&W expects the acquired business to require annual average capital expenditures of approximately US$26M and to have depreciation and amortization expense of approximately US$28M. On a blended basis, income from Freightliner carries a weighted average book tax rate of 22%. G&W expects annualized EPS accretion from the acquisition of approximately 8%, subject to finalization of acquisition accounting under U.S. GAAP.
18:18 EDTGWRGenesee & Wyoming to acquire Freightliner Group Limited
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February 23, 2015
08:51 EDTXPOXPO Logistics added to Top Picks List at FBR Capital
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February 22, 2015
13:45 EDTGWRCanada 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 20, 2015
12:53 EDTCGICitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
February 18, 2015
16:11 EDTXPOXPO Logistics sees 2015 annual revenue run rate of at least $5.25B
Sees annual EBITDA run rate of at least $300M by December 31, and at least $1.5B of acquired historical annual revenue for the full year. The company reaffirmed its financial targets for the full year 2017: Revenue of approximately $9.0B and EBITDA of approximately $575M.
16:10 EDTXPOXPO Logistics reports Q4 EPS (10c), consensus (13c)
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12:28 EDTUPSUPS denies NY AG's allegations, Times Union of Albany reports
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10:52 EDTUPSUPS accused by NY AG of illegally shipping untaxed cigarettes
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10:05 EDTECHOOn The Fly: Analyst Initiation Summary
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06:38 EDTECHOEcho Global initiated with a Buy at UBS
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February 17, 2015
18:02 EDTGBXDerailed train that exploded in West Virginia had modern tanker cars, WSJ says
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10:28 EDTUPSUPS spikes higher, retraces some gains
Price was last at $102.47, off the earlier spike high at $102.82 which is now resistance. Next resistance above the high of the day would be at $103.29. The move up today has broken the stock out of a consolidation pattern, a bullish ascending triangle. The upside potential would be to the $105.50 area. Support is at $101.90, the opening price of the session.
10:16 EDTUPSRumor: UPS moves higher amid activist investor speculation
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February 15, 2015
15:35 EDTGWRWest coast ports closed to cargo vessels for weekend, Reuters says
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