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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:56 EDTNSC, UNP, CP, KSURailroads sink after Kansas City Southern results miss expectations
Shares of railroad operators are falling after one of the companies in the sector, Kansas City Southern (KSU), reported weaker than expected results earlier today. WHAT'S NEW: Kansas City Southern's fourth quarter earnings per share came in at $1.03, well below the consensus estimate of $1.10. The company's revenue was slightly below expectations. Kansas City Southern identified weak coal volumes and challenging weather as the main causes of its miss. WHAT'S NOTABLE: Yesterday the NTSB recommended that the government impose stricter regulations on the transportation of crude oil by trains. The agency said it was concerned that accidents involving trains transporting crude oil could cause "major loss of life, property damage and environmental consequences." Also yesterday, another railroad operator, Union Pacific (UNP), reported stronger than expected fourth quarter results. The company noted that its overall freight volume had increased 7% last quarter, driven by core pricing gains. Union Pacific did, however, report that its coal revenue had dropped 1% in the fourth quarter, compared with the same period in 2012. PRICE ACTION: In mid-morning trading, Kansas City Southern tumbled 14.7% to $100, Union Pacific lost 0.7% to $173, Norfolk Southern (NSC) dropped 2.5% to $91.30, and Canadian Pacific (CP) declined 2.4% to $144.50.
News For KSU;UNP;NSC;CP From The Last 14 Days
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February 11, 2016
12:47 EDTNSC, CPUPS warns against impact of Canadian-Norfolk merger, WSJ says
UPS (UPS) has voiced its criticism of any potential merger between railway operators Canadian Pacific (CP) and Norfolk Southern (NSC), warning that a combination "would lead to diminished rail intermodal service levels and increased costs for all segments of rail customers," reports the Wall Street Journal, citing a letter sent by UPS to the Surface Transportation Board. Reference Link
February 10, 2016
13:36 EDTNSCNorfolk Southern sees 2015-2020 RPU growth 2.5%
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10:45 EDTUNPUnion Pacific sees Q1 volumes down mid single digits
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10:40 EDTUNPUnion Pacific sees continued weakness in crude by rail
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07:11 EDTKSU, CPBB&T to hold a conference
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February 9, 2016
18:15 EDTNSC, CPNorfolk Southern issues statement regarding Canadian Pacific proposal
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13:59 EDTNSC, CPCanadian Pacific to file Norfolk shareholder proposal for good faith discussions
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11:49 EDTCP, NSCCanadian Pacific to give up proxy fight for Norfolk Southern, WSJ reports
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10:56 EDTNSC, CPCanadian Pacific to abandon proxy fight for Norfolk Southern, DJ reports
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February 8, 2016
07:39 EDTNSCDiverse set of companies planning layoffs, pulling back spending, WSJ says
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February 4, 2016
12:12 EDTUNPUnion Pacific announces 2016 capital plan of $3.75B, down $550M y/y
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February 2, 2016
07:19 EDTNSC, CPPennsylvania dems raise concern over potential CP-Norfolk deal, Reuters says
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