New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 1, 2014
10:08 EDTGWRGenesee & Wyoming sees Q3 EPS $1.15-$1.20, consensus $1.24
Sees Q3 revenue $420M-$430M, consensus $432.18M. Sees Q3 operating ratio 72%-73%, net interest expense $13M, effective tax rate 36%. Comments from slides that will be presented on the Q2 earnings conference call.
News For GWR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information
November 11, 2015
07:58 EDTGWRStephens to hold a conference
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use