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June 12, 2014
06:35 EDTGWRGenesee & Wyoming reports May traffic up 2.3% to 171,391 carloads
Genesee & Wyoming reported May traffic figures. North American traffic increased 6,133 carloads, or 4.2%, primarily due to increased overhead Class 1 shipments, coal, agricultural products and metals traffic. Australian traffic decreased 2,269 carloads, or 10.2%, primarily due to an expected decrease in agricultural products traffic. In addition, minerals & stone traffic declined due to a reduction in gypsum shipments and the previously announced closure of a customer facility. G&Ws Other commodity group traffic increased 1,898 carloads, or 29.0%, primarily due to overhead Class 1 shipments. Coal & coke traffic increased 1,886 carloads, or 6.7%, primarily due to increased steam coal shipments in G&Ws Midwest and Ohio Valley regions. Metals traffic increased 1,545 carloads, or 9.9%, primarily due to increased shipments in G&Ws Northeast, Canada and Southern regions. Petroleum products traffic decreased 1,243 carloads, or 12.8%, primarily due to decreased shipments of crude oil in G&Ws Southern, Pacific and Canada regions, as well as decreased shipments of liquid petroleum gases in G&Ws Mountain West region. All remaining traffic decreased by a net 222 carloads.
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November 17, 2015
17:32 EDTGWRNorfolk Southern spikes after Canadian Pacific proposes merger
Shares of railroad operator Norfolk Southern (NSC) are spiking in the after-hours after rival Canadian Pacific (CP) announced that it has sent an offer letter to Norfolk Southern proposing a business combination. WHAT'S NEW: After the close of trading on Tuesday, Canadian Pacific proposed a business combination with Norfolk Southern "that would create a transcontinental railroad with the scale and reach to deliver improved levels of service to customers and communities while enhancing competition and creating significant shareholder value." Canadian Pacific noted that the proposal reflects a "sizable premium in cash and stock offered to NS shareholders." The combined company would have a potential for faster earnings growth than either of the companies independently, CP noted, while offering unparalleled customer service and competitive rates to shippers." The combined company would innovate a new approach to terminal access that would allow another carrier to operate from a point of connection in the event the combined company failed to provide adequate service or competitive rates. The combination of NS and CP would provide a solution to "bottleneck pricing" and alleviate congestion in Chicago by channeling rail traffic away from Chicago. WHAT'S NOTABLE: According to a Globe and Mail report from earlier Tuesday, Keith Creel the COO of Canadian Pacific, who was speaking at a transportation conference, said rail mergers are inevitable but the executive "refused" to confirm past reports that the railroad operator was in talks to acquire rival Norfolk Southern. ANALYST VIEW: ON November 12, research firm BB&T said it believes there are many scenarios in which a merger between Canadian Pacific and Norfolk Southern would benefit both companies. The firm said that Norfolk Southern shareholders would get a 20%-30% premium above the stock's current level, while Canadian Pacific's potential revenue growth issues would be solved and its 2018 EPS would be boosted by 20% plus. PRICE ACTION: Shares of Norfolk Southern are up 6.9% to $93.00, while Canadian Pacific shares are unchanged. OTHERS: Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Genesee & Wyoming (GWR), Kansas City Southern (KSU) and Union Pacific (UNP).
November 15, 2015
12:42 EDTGWRGenesee & Wyoming shares could gain 20% or more in a year, Barron's says
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November 11, 2015
07:58 EDTGWRStephens to hold a conference
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06:32 EDTGWRGenesee & Wyoming reports October traffic up 47.8% to 258,284 carloads
G&W's traffic in October 2015 was 258,284 carloads, an increase of 83,519 carloads, or 47.8%, compared with October 2014. G&W's same-railroad traffic in October 2015 was 149,007 carloads, a decrease of 25,758 carloads, or 14.7%, compared with October 2014. The term carload represents physical railcars and estimated railcar equivalents of commodities for which G&W is paid on a metric ton or other measure to move freight, as well as intermodal units. In North America, traffic in October was 137,632 carloads, a decrease of 13.0% compared with October 2014. On a same-railroad basis, traffic declined 23,026 carloads, or 14.6%. The decrease was primarily due to reduced shipments of coal & coke, metals and autos & auto parts. In aUstralia, traffic in October was 13,799 carloads, a decrease of 16.5% compared with October 2014. The decrease was primarily due to reduced metallic ores shipments from previously announced closures of customer iron ore mines. In the UK and Europe, traffic in October was 106,853 carloads. Traffic in October 2015 was led by intermodal traffic in the U.K. and continental Europe as well as minerals & stone traffic in Poland and the U.K.

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