New Jersey Transit officials warned riders to be prepared for a crowded, crawling Tuesday morning commute due to earlier weather-related damage. Whipping winds from a power nor’easter downed electrical wires Monday afternoon in Linden, taking several train tracks out of service.
Category: Transportation
These Dividend Stocks Could Double in 2017
Finding stocks that can double is no easy feat. Any number of things can derail optimism and send shares reeling.
These Dividend Stocks Could Double in 2017
Finding stocks that can double is no easy feat. Any number of things can derail optimism and send shares reeling.
Union Pacific Corporation Earnings Rise as Cost Cuts Offset Lower Freight Shipments
Business volumes, as measured by total revenue carloads, declined 3% year over year. The decline was broad-based, with Union Pacific seeing lower volumes in nearly all of its operating segments, including coal , industrial , chemicals , automotive , and intermodal .
Friday Sector Leaders: Shipping, Agriculture & Farm Products
In trading on Friday, shipping shares were relative leaders, up on the day by about 3.4%. Leading the group were shares of Navios Maritime Holdings , up about 13.5% and shares of Star Bulk Carriers up about 10.1% on the day.
Jim Cramer: CSX Needs to do ‘Something,’ or Else
Investors seem to be all abroad the CSX train on Thursday, as shares of the railroad corporation were spiking over 19% this afternoon. Despite reporting weaker-than-expected earnings results after Wednesday’s bell, the stock jumped after news broke of the departure of Canadian Pacific CEO Hunter Harrison is stepping down.
Canadian Pacific accelerates CEO’s retirement
Canadian Pacific Railway Ltd. is accelerating the retirement of CEO Hunter Harrison by about six months after he inquired about the possibility of working with other major freight railroads. The Calgary, Alberta, railroad said Wednesday that Harrison will forfeit roughly 118 million Canadian dollars in stock options and pension benefits as part of a separation agreement.
Ackman Ally Leaves Canadian Pacific CEO Job as Creel Ascends
Canadian Pacific Railway Ltd. appointed Keith Creel as chief executive officer to replace Hunter Harrison, who is stepping down earlier than planned after seeking the board’s permission to work for another railroad. The company ended Harrison’s stint at the helm after he approached the board to discuss potential “modifications to his employment arrangements that would allow him to pursue opportunities involving other Class 1 Railroads,” according to a statement Wednesday by the Calgary-based railroad.
Ackman Ally Leaves Canadian Pacific CEO Job as Creel Ascends
Canadian Pacific Railway Ltd. appointed Keith Creel as chief executive officer to replace Hunter Harrison, who is stepping down earlier than planned after seeking the board’s permission to work for another railroad. The company ended Harrison’s stint at the helm after he approached the board to discuss potential “modifications to his employment arrangements that would allow him to pursue opportunities involving other Class 1 Railroads,” according to a statement Wednesday by the Calgary-based railroad.
Etihad CEO Says Gulf Carrier Has No Plans to Invest in Lufthansa
Etihad Airways PJSC has no plans to take a stake in Deutsche Lufthansa AG, though the carriers are exploring the possibility of expanding their recent cooperation agreement, according to James Hogan, the Persian Gulf company’s chief executive officer. Asked Wednesday if Abu-Dhabi-based Etihad would be buying Lufthansa, for which it has been touted as a possible investor, Hogan replied “no.”
Railroad Profit Rebound Plays Catch-Up to Yearlong Stock Surge
With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone. An index of major carriers has jumped more than 55 percent since sinking to a three-year low Jan. 25, more than doubling the S&P 500 Index’s return.
Cathay Pacific to Revamp Fuel Hedging, Workforce; Shares Climb
Cathay Pacific Airways Ltd., Asia’s biggest international airline, plans to shorten its fuel-hedging program and revamp its workforce as part of a new business strategy to halt a slide in earnings. The shares jumped the most in nine months.
This Airline Stock Surged 61% in 2016: Is There Room to Run in 2017?
Shares of Hawaiian Airlines’ parent company rose 61% during 2016, according to data from S&P Global Market Intelligence . Hawaiian’s massive gains were well deserved, as it posted the best unit revenue results in the U.S. airline industry for most of the year.
Delta Sees Unit Revenue Gains but Higher Fuel and Labor Costs Will Cut Margins
Delta says first-quarter unit revenue will be flat to up 2% but margins will fall due to higher costs for fuel and labor. Delta Air Lines said fourth-quarter net income fell due to a new pilot contract but current quarter unit revenue will be flat to up 2%, reversing a long negative trend.
Why Jim Cramer Remains Cautious on Delta
While the airline sector may look attractive, not all the stocks are the same. That’s one reason Cramer remains cautious on Delta.
Why Greenbrier Companies Inc Stock Jumped 18% on Friday
That’s curious, because relatively speaking, Greenbrier actually did not do particularly well last quarter. The company’s $0.79 in reported earnings was less than half what Greenbrier earned in the year-ago quarter, and fell $0.04 short of analysts’projected $0.83 in earnings.
Rpt: Frontier Airlines Hires Banks to Plan IPO
Low-cost carrier Frontier Airlines is preparing for an initial public offering and has hired banks to plan the debut, The New York Times reported, citing people familiar with the matter. The Denver-based airline is aiming to raise about $500 million, valuing the company at about $2 billion, NYT said, citing sources.
Bankrupt Hanjin selling Port of Seattle terminal operations
Bankrupt shipper Hanjin is selling its Port of Seattle terminal operations to one of the world’s largest cargo firms. The Seattle Times reports Hanjin Shipping Co.
Delta to Cancel Order for 18 Boeing 787 Dreamliners
Delta Air Lines said on Tuesday that in agreement with Boeing it would cancel an order for 18 787 Dreamliner aircraft, which it assumed as a part of its merger with Northwest Airlines. The order is valued at more than $4 billion at current list prices.
Delta Air Lines, Inc. and Aeromexico Join Forces
This will enable them to coordinate their efforts in the transborder market. Delta and Aeromexico are going ahead with the joint venture even though U.S. regulators are forcing them to divest up to 28 airport slot pairs in New York and Mexico City.
Holiday Rush: FedEx Says Deliveries Running on Schedule
In this Jan. 5, 2016 photo, a FedEx truck drives past the skyline in San Francisco. Two giants, the U.S. government and FedEx, are set to do battle in a federal court over the explosive claim that the shipping company knowingly delivered illegal … prescription drugs such as Ambien from pill mills to dealers and addicts, some of whom fatally overdosed.
Southwest Airlines Website Fails During Holiday Travel Week
Southwest Airlines Co.’ s website failed Tuesday, blocking access to booking and flight check-in tools toward the start of a busy holiday travel week.
Delta and Alaska Air Terminate Their “Frenemy” Relationship
While the two carriers have a codeshare and frequent flier partnership, they have aggressively entered each other’s markets and tried to steal customers from one another. This week, Delta and Alaska Air abandoned the pretense of being partners.
With No Remaining Governors, the U.S. Postal Service Delivers Itself Into Uncharted Waters
You could soon have a legitimate reason for why those cards and packages never got to where they were supposed to go. A governance crisis has put a big question mark on the future of the United States Postal Service just in time for the holiday mail season, which is expected to peak Monday as Americans scramble to send off millions of greeting cards, letters, and packages ahead of holiday shipping deadlines later this week.
Orlando tech firm helps OIA, others analyze online feedback
Submit professional appointments, management-level promotions and significant awards for individuals , along with photos as a .jpg attachment, via email to peopleonmove@orlandosentinel.com . If you have a problem with a company, chances are these days you’ll let them have it on social media.
Bombardier CEO Seeks to Close Window on C Series Jet Discounts
Bombardier Inc. gained sales momentum for its flagship C Series jetliner this year with major orders from Air Canada and Delta Air Lines Inc. Now it’s looking to get away from the pricing discounts that fueled the aircraft’s rebound. The planemaker expects to book new sales in the coming months after racking up 360 firm orders and more than 400 commitments for the C Series, its biggest-ever plane, Chief Executive Officer Alain Bellemare said.
Businessman says NJ Transit reneged on promise, owes him $1M
In a photo taken Thursday, Dec. 15, 2016, Russell Graddy poses for a photo outside his diner Mr. G’s in Paterson, N.J. Graddy said New Jersey Transit owes him more than $1 million after reneging on a promise to let him run a restaurant in Atlantic … In a photo taken Thursday, Dec. 15, 2016, Russell Graddy poses for a photo in his diner Mr. G’s in Paterson, N.J. Graddy said New Jersey Transit owes him more than $1 million after reneging on a promise to let him run a restaurant in Atlantic City’s … A small businessman says New Jersey Transit owes him more than $1 million after the agency reneged on a promise to let him run a restaurant in Atlantic City’s bus terminal.
BusinessAviationVoice: Finding Opportunity in Creative Disruption
Here’s a prediction for 2017: more private jet charter operators-eager to tap into the “democratization” of business aviation-will announce partnerships with commercial airlines who are demonstrating more imagination of their own in developing new revenue sources. Several months ago, JetBlue Airways made a minority equity investment in JetSuite, helping to fuel its fast growing JetSuiteX service.
Lufthansa, Etihad to Explore Deeper Links After Code-Share Deal
Deutsche Lufthansa AG and Etihad Airways PJSC of Abu Dhabi agreed to share seat sales in the first step of what could be deeper cooperation between the former adversaries. The two airlines will initially code-share on Etihad’s twice-daily flights linking Abu Dhabi with Frankfurt and Munich, and the German carrier’s services connecting Frankfurt with Rio de Janeiro and Bogota, according to a joint statement on Friday.