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Stock Market & Financial Investment News

News Breaks
August 1, 2014
06:05 EDTGWRGenesee & Wyoming reports Q2 adjusted EPS $1.12, consensus $1.11
Reports Q2 revenue $414.56M, consensus $411.13M
News For GWR From The Last 14 Days
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February 26, 2015
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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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 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 15, 2015
15:35 EDTGWRWest coast ports closed to cargo vessels for weekend, Reuters says
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