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Stock Market & Financial Investment News

News Breaks
February 12, 2014
04:55 EDTINT, INT, ISH, ISH, CNI, CNI, NSC, NSC, WERN, WERN, WNC, WNC, ABFS, ABFS, UACL, UACL, R, R, KSU, KSU, LSTR, LSTRBB&T to hold a conference
29th Annual Transportation Services Conference is being held in Coral Gables, Florida on February 12-13.
News For LSTR;KSU;R;UACL;ABFS;WNC;WERN;NSC;CNI;ISH;INT From The Last 14 Days
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February 24, 2015
05:07 EDTCNICN negotiates tentative labor agreement with Unifor
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February 23, 2015
09:59 EDTCNI, NSC, KSUOn The Fly: Analyst Initiation Summary
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09:17 EDTUACLUniversal Truckload risk/reward ratio 'intriguing,' says BB&T
After Universal Truckload reported lower than expected Q4 EPS but higher than expected revenue, BB&T believes that the company's new CEO can make the company more consistent. Noting that the company is trading at a 40% discount to other asset light companies, BB&T says that its Transportation Services unit, which accounts for 24% of its revenue, has "legitimate margin and growth opportunities." BB&T keeps a Buy rating on the shares.
06:17 EDTNSCNorfolk Southern initiated with an Underweight at JPMorgan
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06:12 EDTCNICanadian National initiated with a Neutral at JPMorgan
Price target C$88.
06:11 EDTKSUKansas City Southern initiated with an Overweight at JPMorgan
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05:09 EDTCNICanadian National, Unifor unable to reach agreement, to continue to meet
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February 22, 2015
17:43 EDTCNICN, Unifor talks to resume ahead of lockout deadline, Bloomberg says
Canadian National intends to return to the bargaining table to negotiate with Unifor, the union that represents 4,800 of its workers, in order to prevent a lock-out on Monday, Bloomberg says. Reference Link
13:45 EDTCNI, NSC, KSUCanada 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
11:45 EDTCNICN dissapointed with Unifor's recent claims
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February 20, 2015
16:17 EDTCNICanadian National to lockout union employees if settlement not reached
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08:35 EDTKSUKansas City Southern appoints Patrick Ottensmeyer as president effective March 1
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February 19, 2015
16:31 EDTUACLUniversal Truckload reports Q4 EPS 35c, consensus 39c
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09:59 EDTWERNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
07:12 EDTWERNWerner upgraded on improving freight fundamentals at RBC Capital
As noted earlier, RBC Capital upgraded Werner to Outperform from Sector Perform. As reasons for the upgrade, the firm cited improving freight fundamentals and its belief that the company's margin is likely to rise further. Target to $37 from $29.
06:14 EDTWERNWerner upgraded to Outperform from Sector Perform at RBC Capital
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February 18, 2015
17:24 EDTCNICanadian National Northern Quebec line engineers and conductors ratify agreement
CN announced that locomotive engineers and conductors working on the company's Northern Quebec Internal Short line have ratified a new collective agreement. The employees are represented by the Teamsters Canada Rail Conference union. The four-year agreement provides wage increases and benefit improvements to 93 employees.
12:04 EDTCNICanadian National to implement targeted work rule changes barring Unifor deal
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10:05 EDTWERNOn The Fly: Analyst Initiation Summary
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06:29 EDTWERNWerner initiated with a Neutral at UBS
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