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Stock Market & Financial Investment News

News Breaks
December 4, 2012
07:14 EDTPACR, JBHT, UNP, CGI, NSC, KSU, FDX, SWFT, CSXRail, trucking firms benefit from booming trade with Mexico, Reuters reports
U.S. rail and trucking companies are making big investments on both sides of the border with Mexico to capitalize on booming trade between the two countries, reports Reuters.Reference Link
News For KSU;UNP;CSX;NSC;JBHT;SWFT;CGI;PACR;FDX From The Last 14 Days
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May 27, 2015
18:06 EDTUNPUnion Pacific plans to invest $72M in Louisiana rail infrastructure
Union Pacific plans to invest $72M in 2015 to improve Louisiana's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the resurgent American economy. Union Pacific's planned investment covers a range of initiatives: $67M to maintain railroad track, $1M to enhance signal systems and $2M to maintain or replace bridges in the state. Key projects planned this year include: $11M investment in the rail line between Columbia and Pollock to replace 22 miles of rail and repair the surfaces at 21 road crossings. $8M investment in the rail line between Fordoche and Morrow to replace 22 miles of rail and repair the surfaces at 12 road crossings. Union Pacific plans to spend $4.2B across its network this year, following investments totaling more than $31B from 2005-2014. These investments contributed to a 38% decrease in derailments over the last 10 years.
16:14 EDTCGICeladon Group files to sell 3.5M shares of common stock
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May 26, 2015
20:50 EDTNSCBernstein to hold a conference
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May 20, 2015
11:35 EDTUNPUnion Pacific sees little improvement in coal shipments for remainder of Q2
On May 20, at the Wolfe Research Global Transportation Conference, Robert Knight, Jr., Executive Vice President-Finance and CFO of Union Pacific, stated that, with second quarter 2015 coal volumes down approximately 25% quarter-to-date versus last year, the company at this point does not expect to see much improvement in coal shipments for the remainder of the second quarter of 2015. Key volume drivers for coal continue to be the combination of low natural gas prices and mild weather conditions. Knight further noted that, as discussed on the company’s first quarter earnings release conference call, the company remains focused on re-aligning resources with demand to improve service and reduce costs. While progress is being made, the company expects the second quarter will still reflect the service and cost impacts of operating inefficiencies.
10:39 EDTUNPUnion Pacific facing near-term cost headwinds
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08:46 EDTNSCNorfolk Southern reports volumes Q2-to-date are down 1%
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May 19, 2015
07:22 EDTFDXUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link
07:11 EDTCSX, UNPWolfe Research to hold a conference
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May 18, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
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07:56 EDTKSUKansas City Southern downgraded due to lower volumes at BofA/Merrill
As previously reported, BofA/Merrill downgraded Kansas City Southern to Neutral from Buy and lowered its price target to $97 from $116. The firm said Kansas City Southern already pulled guidance and Q2 carloads to date are down 7%, versus its 1% growth forecast and coal carloads are down 44%, below its forecast of down 7%, due to large customer. Luminent, being virtually shut-down due to low natural gas prices.
06:47 EDTKSUKansas City Southern downgraded to Neutral from Buy at BofA/Merrill
May 15, 2015
12:13 EDTFDXThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTFDXThird Point reports new stakes in Yum! Brands, FedEx, McKesson
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
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10:01 EDTUNPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
08:40 EDTUNPUnion Pacific upgraded to Buy from Hold at TD Securities
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07:31 EDTKSUKansas City Southern downgraded at Credit Suisse
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06:44 EDTUNP, NSC, CSXEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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06:33 EDTFDXJudge denies FedEx motion on drug charges, Reuters says
A judge denied FedEx's motion to dismiss charges that it was involved in distributing controlled substances, according to Reuters. The company is accused by the Justice Department of shipping packages from illegal online pharmacies, the news service stated. Reference Link
06:09 EDTKSUKansas City Southern downgraded to Neutral from Outperform at Credit Suisse
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