Results, Partnerships, Increased Dividends, Appointments and Debt Pricing - Research Report on Union Pacific, CSX, Kansas City Southern, Genesee & Wyoming, and Westinghouse Air Brake Technologies
NEW YORK, August 14, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Union Pacific Corporation (NYSE: UNP), CSX Corp. (NYSE: CSX), Kansas City Southern (NYSE: KSU), Genesee & Wyoming Inc. (NYSE: GWR), and Westinghouse Air Brake Technologies Corporation (NYSE: WAB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Union Pacific Corporation Research Report
On August 1, 2013, Union Pacific Corporation (Union Pacific) reported that its Board of Directors has approved an increase in its quarterly dividends on the Company's common shares by 14.5%, to $0.79 per share. Union Pacific reported that shareholders of record as of August 30, 2013 will be paid the dividends on October 1, 2013. Rob Knight, Union Pacific CFO, commented, "We're generating strong cash flows and have confidence in our ability to continue to earn reinvestible returns on our diverse franchise opportunities. This enables us to reward our shareholders, while at the same time, support significant capital investments for safety, service, growth and customer value. This dividend increase is a positive step forward as we focus on our new dividend payout target range of 30 to 35 percent on a declared basis." The Full Research Report on Union Pacific Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/2c77_UNP ]
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CSX Corp. Research Report
On August 7, 2013, CSX Corp. (CSX) reported that it has purchased the Eastern Associated Terminal in Tampa, Florida, from the Ingram Barge Company. The Company stated that the phosphate export facility is adjacent to the CSX Transportation Inc.'s Rockport terminal on Tampa Bay, and the combined entity will be called Rockport Terminals. CSX further stated that Shantel Johnson-Davis, who led CSX's phosphates sales and marketing efforts in Tampa, was appointed as the Assistant Vice President and General Manager - Phosphates and Fertilizers, and will lead both commercial activities and operations at Rockport Terminals. Davis commented, "Purchasing the Eastern terminal provides strategic long-term value for CSX. We will leverage synergies of the two terminals to better serve our customers and grow this important business." The Full Research Report on CSX Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/cc8a_CSX ]
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Kansas City Southern Research Report
On August 9, 2013, Kansas City Southern (KCS) reported that Kelly R. Smith has been appointed as its Assistant Vice President of Damage Prevention and Freight Claims. According to KCS, Mr. Smith will spearhead the Company's loss prevention and freight claims efforts for the U.S. and Mexico and will work under Vice President of Administration, Gene M. Goode. Mr. Goode commented, "Kelly is a great addition to the KCS team. His extensive transportation leadership experience will enhance our freight loss prevention efforts and continue to ensure we provide appropriate on-site resources for our external and internal customers with respect to all cargo loss and damage issues." With 24 years of experience in the transportation industry, Mr. Smith joins KCS from Hulcher Services, Inc. where he previously served as Vice President - national accounts. The Full Research Report on Kansas City Southern - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/4551_KSU ]
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Genesee & Wyoming Inc. Research Report
On August 1, 2013, Genesee & Wyoming Inc. (G&W) reported results for Q2 2013. The Company's total operating revenues increased 84.3% YoY to $400.7 million. G&W reported a growth of 35.7% YoY in diluted earnings per share of $1.14 in Q2 2013. Commenting on the results, Jack Hellmann, President and CEO of G&W said, "The second quarter of 2013 was the second reporting period in which G&W's consolidated results included the former RailAmerica railroads. We are pleased to report continued strength in our financial results, with adjusted earnings per share up more than 50%. As a result, in North America, our adjusted operating ratio improved 2.1 percentage points to 74% and in Australia our adjusted operating ratio improved 4.8 percentage points to 70%." The Full Research Report on Genesee & Wyoming Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/c822_GWR ]
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Westinghouse Air Brake Technologies Corporation Research Report
On August 5, 2013, Westinghouse Air Brake Technologies Corporation (WAB) reported that it has finalized the pricing of a public offering of $250 million of 4.38% Senior Notes due 2023. The offered Senior Notes pays interest semi-annually in arrears and matures on August 15, 2023 (unless earlier redeemed or repurchased by shareholders). The Company informed that J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as joint book-running managers for the offering are. Wabtec intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility and for general corporate purposes. The Full Research Report on Westinghouse Air Brake Technologies Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/897f_WAB ]
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