Share Repurchase Program Renewal, New Facility, New Orders, Rate Increase, and Traffic Reports - Analyst Notes on Trinity Industries, Old Dominion, Greenbrier, Con-way, and G&W
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NEW YORK, March 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Trinity Industries Inc. (NYSE: TRN), Old Dominion Freight Line Inc. (NASDAQ: ODFL), Greenbrier Companies Inc. (NYSE: GBX), Con-way Inc. (NYSE: CNW), and Genesee & Wyoming Inc. (NYSE: GWR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Trinity Industries Inc. Analyst Notes
On March 6, 2014, Trinity Industries Inc.'s (Trinity Industries) announced that its Board of Directors has approved a new $250 million share repurchase program, effective March 7, 2014. According to Trinity Industries, the new program, which replaces the Company's current share repurchase program that was approved in 2013 with an authorization of $200 million, will expire on December 31, 2015. In addition, the Company also declared a quarterly dividend of $0.15 per share on its $1.00 par value common stock, payable on April 30, 2014 to stockholders of record as of April 15, 2014. The full analyst notes on Trinity Industries Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03212014/TRN/report.pdf
Old Dominion Freight Line Inc. Analyst Notes
On March 10, 2014, Old Dominion Freight Line Inc. (Old Dominion) reported that it has opened a new service center - the Newburgh Service Center in New York's Hudson Valley to accommodate increased demand in the region. "We selected Newburgh for expansion because the area continues to demonstrate great economic potential," said Mike Provenzano, Manager of Old Dominion's Newburgh Service Center. "As we increase our presence in the region, we remain committed to our promise of delivering premium service to customers." According to the Company, located at 681 Route 211 E. in Middletown, the facility has 18 doors, employs 27 people and benefits from its proximity to several major thoroughfares, including Interstates 84, 87, and 287. Old Dominion informed that the facility's service area includes southeastern New York (Goshen, Newburgh, Middletown, New Windsor, Beacon, Poughkeepsie, and Kingston) and eastern Pennsylvania (Milford and Matamoras). The full analyst notes on Old Dominion Freight Line Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03212014/ODFL/report.pdf
Greenbrier Companies Inc. Analyst Notes
On March 3, 2014, Greenbrier Companies Inc (Greenbrier) announced new orders for 5,600 railcar units with an estimated value of $460 million. According to the Company, the orders include a recent award for 1,200 intermodal platforms. Greenbrier also stated that other orders include small cube covered hoppers and tank cars used in the energy sector, automotive-related products, medium and large cube covered hopper cars for the grain and plastic pellet markets, boxcars for paper and forest products markets, and gondola cars for metal and scrap. William A. Furman, Chairman and CEO of Greenbrier said, "Our business is benefitting from broad-based demand for all of our car types, including increased demand for intermodal platforms as intermodal loadings accelerate and rail velocity slows due to system congestion." The full analyst notes on Greenbrier Companies Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03212014/GBX/report.pdf
Con-way Inc. Analyst Notes
On March 17, 2014, Con-way Inc.'s subsidiary Con-way Freight announced that it will institute a general rate increase averaging 5.4% applicable to non-contractual businesses, effective March 31, 2014. According to Con-way Freight, the rate increase will be implemented for customers on the Company's CNW 599 tariff and will apply to general LTL rates, minimum charges and accessorial or supplemental fees for special services associated with LTL shipments moving within the United States and Canada, as well as cross-border shipments moving between the United States, Puerto Rico and Canada. The full analyst notes on Con-way Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03212014/CNW/report.pdf
Genesee & Wyoming Inc. Analyst Notes
On March 12, 2014, Genesee & Wyoming Inc. (G&W) reported its traffic volumes for the month of February 2014 and Q1 2014 through February 2014 (QTD February 2014). G&W marked a 1.9% YoY increase in February 2014 traffic to 142,802 total carloads. G&W's traffic in QTD February 2014 was 299,386 carloads, an increase of 1.1% YoY. For QTD February 2014, the Company marked significant increase in Australian traffic - up 4.1% YoY - mainly due to increased iron ore and grain shipments, partially offset by decreased minerals & stone traffic. In the commodity group, QTD February 2014 metallic ores traffic increased 25.5% YoY, primarily due to increased iron ore shipments in G&W's Australia Region, while traffic in all other commodity groups decreased by a net 3,668 carloads. The full analyst notes on Genesee & Wyoming Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03212014/GWR/report.pdf
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