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Two Ways To Ride The Rails: BNI, CNI

Mon, 31 Aug 2009 17:36:36 GMT

"We rate both Burlington Northern Santa Fe (NYSE: BNI) and Canadian National Railway (NYSE: CNI) as buys," says analyst Tom Slee.[More...]

Selling Hartford, Buying Canadian National

Sat, 16 May 2009 15:37:53 GMT

Since the last time I wrote about my portfolio, things have been volatile. Here are my actions since then: New Buys National Western Life Insurance Canadian National Railway New Sells — Hartford Financial Rebalancing Buys: Assurant (brnging it up to a double-weight) Dorel Industries Rebalancing Sells: Allstate (2) Assurant Companhia De Saneamento Basico General Dynamics Crp Genuine Parts Hartford[More...]

Obama’s High-Speed Vision Gets Railroad Companies Back On Track

Thu, 14 May 2009 14:37:00 GMT

Railroad companies have been some the best performers in the recent rally of U.S. equities.[More...]

Progress Update - March 2009

Sat, 04 Apr 2009 15:31:00 GMT

Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income rose in March after February’s decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 15 of the last 16 months. Contrary to[More...]

Stocks Flounder Trying To Digest Bailouts

Thu, 19 Feb 2009 16:06:00 GMT

Stocks started higher trying to reverse the 3 day decline. Buyers gave up after the first hour, markets are only slightly higher. Advancers beat decliners by 25%. S&P 500 FINANCIALS INDEX is flat at its multi year low of 106. MLPs, REITs & junk bonds are inching up, a meager recovery. News for credit cards companies is terrible. They expect this will be their worst year as measured by defaults. The previous record rate for defaults was about 7½%, this year that rate is expected to shoot up to 10-11%. The effects of this massive recession bleed into every area of the economy. •Bank of America, American Express May Suffer as Card Defaults Set Record Last week, 627K workers filed[More...]

Busy Week for Dividend Increases

Mon, 26 Jan 2009 14:58:00 GMT

As more and more large cap companies unveiled their results, there were many dividend announcements as well. Other large cap companies such as Intel, Microsoft, IBM and Google released quarterly results and provided guidance for future quarters. Other companies such as Bank of America set a negative tone with their most recent dividend cut, while others like General Electric provided reassurance that their dividend and triple A rating are safe and will be maintained. Despite the negative news several notable dividend increases occurred over the past week. This has been the most dividend increases I have seen since I began reviewing weekly changes in dividend policies for US publicly traded entities in 2008. Polaris Industries Inc.[More...]

Railroads Derailed?

Tue, 13 Jan 2009 21:41:00 GMT

CSX Corporation (NYSE:CSX) announced results that were below Wall Street expectations. Barron’s had some comments about the company while CNBC’s Bob Pisani had some choice words: Another one drops guidance. CSX became the latest large company to abandon guidance. The good news is that it’s not necessarily a bad thing to abandon guidance when no one–even the[More...]

Railroad Index Will Benefit from Infrastructure Spending

Sun, 21 Dec 2008 01:09:00 GMT

The table above presents the seven largest companies by market cap in the ETF Innovators (ETFI) Global Railroad PerformIdex among 53 total companies with market caps over $150M which are active in the railroad industry, including rail transport, rail infrastructure, and railcar manufacturing. The Railroad Index fared better than the iShares Dow Transports (IYT) over the past year and the PowerShares Progressive Tranporation Portfolio (PTRP) since its inception in late September. [More...]

All Aboard! Opportunity In The Railroads?

Thu, 18 Dec 2008 14:29:00 GMT

In the transportation business, the primary concern has been fuel costs for the past two years. This fate has changed. With a renewed focus on volume strength (level of material shipped around the country) in this depleting macroeconomic environment, many of the same rails that saw buying momentum from the 2008 commodity spike are being absolutely de-railed by renewed concerns amid collapsing volumes. While the major railroad companies have been able to beat expectations for the year, is there any[More...]

Value Insight - November 2008

Sat, 29 Nov 2008 15:45:00 GMT

With another month of market turmoil coming to an end I thought I would take a few moments to give readers a look into what I've been up to in the month of November with my two portfolios. Yield, yield and more yield was one major theme for the month as stock prices came down even further than I expected them to after a horrible September and disastrous October in equity markets. What's become immediately apparent to me while watching the markets the past few months has been the glaring distance of spreads between the bid & ask prices for equities. Investors looking for immediate liquidity have been more than happy to unload their shares at very attractive valuations for the long-term investor. Opportunities have been surprisingly swift; especially in the preferred share market with valuations of highly regarded issues yielding at times well above historical spreads. While an income investor won't want to overload their portfolio with preferred shares[More...]

Looking for signs of hope in northwestern Pennsylvania's economy

Sat, 14 Nov 2009 13:50:00 GMT

Nov. 14--Warren Buffett, widely considered the world's most highly regarded investor, has provided a hopeful sign for the U.S. economy and for Lawrence Park-based GE Transportation.
Buffett is investing in the U.S. rail industry, agreeing recently to pay $26.3 billion to buy Burlington Northern Santa Fe Corp., the nation's largest rail operator.
You'll find investments being made and signs of hope in our own backyard -- such as the new Buybacks Entertainment store on Peach Street; the new Montana's Rib & Chop House in Meadville; investments Eriez Manufacturing Co. has made in developing new products; and a recent order for 35 GE Transportation locomotives from a Canadian National Railway.

[More...]

Via Rail lays off 2,000, service stopped

Sun, 26 Jul 2009 04:26:00 GMT

Via Rail lays off 2,000, service stopped[More...]

1 dead in Ill. train derailment explosion

Sat, 20 Jun 2009 22:08:00 GMT

1 dead in Ill. train derailment explosion[More...]

Fiery Ill. train derailment kills one

Sat, 20 Jun 2009 11:25:00 GMT

Fiery Ill. train derailment kills one[More...]

Freight Train Traffic: Suburban Leaders Seek Help From Obama in Rail Traffic Fight

Thu, 14 May 2009 09:55:00 GMT

May 14--Several suburban state legislators and mayors called on President Barack Obama Wednesday to fill a vacancy on a federal regulatory board with someone sympathetic to their opposition to more freight trains in their communities.
State Sen. Linda Holmes (D-Aurora) introduced a resolution in Springfield calling on Obama to nominate a member to the Surface Transportation Board who will consider "significant community impacts related to public safety, noise, vibration, traffic congestion, and other environmental concerns..."
The board in December approved the Canadian National Railway's acquisition of the Elgin, Joliet & Eastern line through their suburbs.

[More...]

CN Reaches Voluntary Mitigation Agreement on EJ&E Acquisition

Thu, 12 Mar 2009 15:23:13 GMT

Canadian National Railway Company (CN) has entered into a voluntary mitigation agreement with the Village of Richton Park, Ill, located southwest of Chicago, addressing the municipality's concerns about CN's acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E). CN completed its EJ&E acquisition on January 31, 2009.[More...]

DRS Tech Services Adds a Hangar to Its Work Space and 125 Jobs Notables

Sun, 15 Feb 2009 11:49:00 GMT

DRS Technical Services Inc. has opened an 80,000-square-
The $30 million investment will be used for aircraft maintenance, including for the HC-130 transport planes used by the nearby Coast Guard base, according to the Albemarle Economic Development Commission.
Norfolk Southern, Canadian National to link coal runs

[More...]

Evansdale May Get a Newer, Bigger Casey's General Store

Sat, 10 Jan 2009 19:05:00 GMT

Jan. 10--EVANSDALE -- A new expanded Casey's General Store could be in the city's future if some legal and land hurdles are cleared.
And it wouldn't be your run-of-the-mill convenience store, Casey's Chief Financial Office Bill Walljasper said.
While the company would like to replace its aging store at 3601 Lafayette Road with a modern, larger facility, Walljasper said it's premature to say it's a done deal.

[More...]

Canadian National Railway to Pay $10M to Alta. Band in Derailment Along Lake

Sat, 13 Sep 2008 00:47:00 GMT

- Canadian National Railway has reached a $10 million settlement with an Alberta band over a derailment that leaked massive amounts of oil into a popular recreational lake lake.
"This money will play a major part in implementing the band's business development plan, which we are confident will result in a much stronger economic situation for our people," said Chief Daniel Paul of the Paul Band said in a news release issued Friday afternoon.
Due to the prevailing winds at the time, much of the oil wound up on the east side of the lake where the Paul Band reserve is located.

[More...]

RidgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on CNI, FTI, DRH, ITT, PL and LHO

Thu, 15 Oct 2009 11:07:00 GMT

RidgewaterEquity.com inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market, researchers and financial pundits worldwide have to say about any particular large cap stocks in any given financial environment.
Once you sign up as a free member you will have free unlimited access to all our reports, research tools and more.
We have recently begun in-depth analysis of the following equities & their respective sectors:

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CN's executive vice-president and chief financial officer, to address the CIBC 8th Annual Eastern Institutional Investor Conference September 22

Tue, 15 Sep 2009 15:01:00 GMT

MONTREAL, Sept. 15 /CNW Telbec/ - Luc Jobin, CN's executive vice-president and chief financial officer, will address the CIBC 8th Annual Eastern Institutional Investor Conference at 1:30 p.m. Eastern time on September 22, 2009, in Montreal.[More...]

CN reaches voluntary mitigation agreement with the Village of Hawthorn Woods, Ill.

Mon, 14 Sep 2009 20:55:00 GMT

CN now has agreements with 18 communities along the EJ&E CHICAGO, IL, Sept. 14 /CNW Telbec/ - CN (TSX: CNR)(NYSE: CNI) announced today a voluntary mitigation agreement (VMA) with the Village of Hawthorn Woods, Ill., located approximately 40 miles northwest of downtown Chicago, that addresses the municipality's environmental issues with CN's acquisition of the principal lines of the former Elgin, Joliet and Eastern Railway Company (EJ&E). CN completed the acquisition on Jan. 31, 2009, and is running trains over the line.[More...]

CN's executive vice-president to address the Dahlman Rose & Co. 2009 Global Transportation Conference Sept. 9

Wed, 02 Sep 2009 17:55:00 GMT

MONTREAL, Sept. 2 /CNW Telbec/ - Claude Mongeau, CN's executive vice-president, will address the Dahlman Rose & Co. 2009 Global Transportation Conference at 12:15 p.m. Eastern time on Sept. 9, 2009 in New York.[More...]

CN's executive vice-president to address the RBC Capital Markets 2009 Passport Transportation Conference Sept. 8

Wed, 02 Sep 2009 13:56:00 GMT

MONTREAL, Sept. 2 /CNW Telbec/ - Claude Mongeau, CN's executive vice-president, will address the RBC Capital Markets 2009 Passport Transportation Conference at 1:30 p.m. Eastern time on Sept. 8, 2009 in Toronto.[More...]

CN announces results and settlement of Tender Offer and Consent Solicitation for 4.25% Notes due 2009

Tue, 28 Jul 2009 19:56:00 GMT

MONTREAL, July 28 /CNW Telbec/ - CN (TSX: CNR) (NYSE:CNI) today announced that holders of 82% of its 4.25% Notes due 2009 have tendered their notes pursuant to the tender offer and consent solicitation commenced by its wholly-owned subsidiary CNLX Canada Inc. on June 26, 2009. Also today, CNLX Canada Inc. has accepted and paid for the tendered notes.[More...]

CN provides over-land logistics package for "big move" of wind turbine components to northern British Columbia

Thu, 23 Jul 2009 13:55:00 GMT

Turbine moves a part of CN's growing green businesses TORONTO, July 23 /CNW Telbec/ - CN (TSX: CNR)(NYSE: CNI) is playing a key role in the transportation of huge wind turbine components to northeastern British Columbia.[More...]

CN grows jet-fuel traffic at Toronto's Pearson International Airport as airlines tap U.S., overseas producers for supplies

Tue, 21 Jul 2009 17:56:00 GMT

MONTREAL, July 21 /PRNewswire-FirstCall/ - CN is developing a fast-growing business supplying jet fuel to airlines serving Toronto's Lester B. Pearson International Airport.[More...]

CN declares third-quarter 2009 dividend

Mon, 20 Jul 2009 19:57:00 GMT

MONTREAL, July 20 /PRNewswire-FirstCall/ - CN announced today that its Board of Directors has approved a third-quarter 2009 dividend on the Company's common shares outstanding. A quarterly dividend of 25.25 cents per common share will be paid on Sept. 30, 2009, to shareholders of record at the close of business on Sept. 9, 2009.[More...]

CN reports Q2-2009 net income of C$387 million, or C$0.82 per diluted share, compared with year-earlier net income of C$459 million, or C$0.95 per diluted share

Mon, 20 Jul 2009 19:57:00 GMT

MONTREAL, July 20 /PRNewswire-FirstCall/ - CN today reported its financial and operating results for the second quarter ended June 30, 2009.[More...]