Reuters Events: CSX fully resuming Baltimore coal exports this week, CEO says By Lisa Baertlein ATLANTA, May 22 (Reuters) - CSX CSX.O this week will return to normal coal export operations at the Port of Baltimore after work crews cleared part of the deep channel serving the second busiest U.S. trade hub for outgoing coal shipments, the railroad's CEO said on Wednesday.

UPDATE 4-CPKC to resume contract negotiations with Canadian rail workers union Adds statement from union in paragraphs 11 to 13 May 16 (Reuters) - Canadian Pacific Kansas City (CPKC) CP.TO said on Thursday its leadership, with the assistance of federal mediators, will resume contract negotiations with the Teamsters Canada Rail Conference (TCRC) union on May 17. CPKC and the union will meet in an effort to achieve a new collective agreement for the company's train and engine and rail traffic cont

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Tesla Inc TSLA.OQ +3.5% Illumina Inc ILMN.OQ +3.4% Warner Bros Discovery Inc WBD.OQ +3.1% Moderna Inc MRNA.OQ +2.7% GlobalFoundries Inc GFS.OQ +2.4% Bottom Performers Percent Change Marvell Technology Inc MRVL.OQ -2.7% O'Reilly Automotive Inc ORLY.OQ -1.7% Datadog Inc DDOG.OQ -1.6% CSX Corp CSX.OQ -1.5% PDD Holdings Inc PDD.OQ -1.5% The Nasdaq 100 .NDX gained 27.74 points, or 0.15

UPDATE 1-PVC pipe maker JM Eagle sues US asbestos law firm in racketeering case Adds comment from Simmons Hanly managing partner in paragraph 4 By David Thomas May 13 (Reuters) - Plastic pipe maker JM Eagle has sued a U.S. law firm that filed hundreds of asbestos personal injury cases against it, marking the latest counterstrike by a defendant against the asbestos plaintiffs bar.

PVC pipe maker JM Eagle sues US asbestos law firm in racketeering case By David Thomas May 13 (Reuters) - Plastic pipe maker JM Eagle has sued a U.S. law firm that filed hundreds of asbestos personal injury cases against it, marking the latest counterstrike by a defendant against the asbestos plaintiffs bar. JM Eagle's lawsuit , filed Friday in Chicago federal court under the Racketeer Influenced and Corrupt Organizations Act, alleged that law firm Simmons Hanly Conroy suppressed evidence, used

BUZZ-Railroad operator CSX up after Q1 earnings beat ** U.S. railroad operator CSX CSX.O up 1.7% at $34.73 ** CSX late Wednesday beat Q1 earnings estimates on higher intermodal volumes and coal export demand ** Reported earnings of 46 cents per share on $3.68 bln revenue, while Street expectations were of 45 cents on $3.67 bln revenue nL3N3GQ4AV **

U.S. RESEARCH ROUNDUP- Builders Firstsource, Eli Lilly, Northern Trust April 18 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Builders Firstsource, Eli Lilly and Northern Trust, on Thursday. HIGHLIGHTS * Alphabet Inc GOOGL.O : Bernstein raises target price to $165 from $160 * Builders Firstsource Inc BLDR.N : Jefferies raises target price to $237 from $226 * Coinbase Global Inc COIN.O : Bernstein raises target price

CSX beats quarterly estimates on higher intermodal, coal export volumes April 17 (Reuters) - U.S. railroad operator CSX CSX.O reported first-quarter earnings above Wall Street estimates on Wednesday, helped by higher intermodal volumes and coal export demand, sending its shares up 2% in after-hours trading. The Jacksonville, Florida-based company's net earnings fell to $893 million, or 46 cents per share, for the quarter ended March 31, from $987 million, or 48 cents per share, a year earlier.

CSX Corp reports results for the quarter ended in March - Earnings Summary CSX Corp CSX.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 45 cents per share.

BRIEF-CSX Q1 EPS USD 0.46 Vs. IBES Estimate USD 0.45 Apr 17 (Reuters) - CSX Q1 revenue USD 3,680 million vs. IBES estimate USD 3,665 million. Q1 net income USD 893 million vs. IBES estimate USD 884.4 million Q1 operating income USD 1,350 million vs. IBES estimate USD 1,340 million

BUZZ-PREVIEW-CSX edges lower before reporting Q1 results ** Shares of U.S. railroad operator CSX CSX.O fall 0.4% to $35.02 ahead of Q1 results ** The company is expected to show a fall in quarterly revenue when it reports results for the period ending March 31 2024 ** The Jacksonville, Florida-based co is expected to report a 1.1% decrease in reven

CSX Corp expected to post earnings of 45 cents a share - Earnings Preview CSX Corp CSX.OQ CSX.O is expected to show a fall in quarterly revenue when it reports results for the period ending March 31 2024 The Jacksonville Florida-based company is expected to report a 1.1% decrease in revenue to $3.665 billion from $3.71 billion a year ago, according to the mean estimate from 16 analysts, based on LSEG data.

BUZZ-Bernstein raises PT for U.S. rail road companies on improving volume ** Bernstein raises PT for U.S. railroad companies Union Pacific Corp UNP.N , CSX Corp CSX.O , Norfolk Southern NSC.N ** Encouraged by recent trends, and last quarter's volumes are likely to be as bad as it gets in the year, Bernstein says ** Overall, expectations remain slig

Canadian National Railway offers higher hourly pay, improved schedule in new offer to union April 12 (Reuters) - Canadian National Railway CNR.TO said on Friday it has proposed an offer that included higher hourly wages, improved vacation leave and more consistent work schedules as part of negotiations with a union representing its employees. The offer comes as Teamsters Canada Rail Conference, the union representing about 6,000 Canadian National employees across Canada, has begun a voting proce

DIARY-U.S. earnings week ahead April 12 (Reuters) - Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start Date Start Time RIC Company Name Event Name 15-Apr-2024 BMO MTB M&T Bank Corp Q1 2024 M&T Bank Corp Earnings Release 15-Apr-2024 BMO GS Goldman Sachs Group Inc Q1 2024 Goldman Sachs Group Inc Earnings Release 16-Apr-2024 AMC JBHT.O J B Hunt Transport Services Inc Q1 2024 J B Hunt Transport S

BUZZ-Stifel raises PT for U.S. rails on long-term growth prospects ** Stifel raises PT for U.S. railroad companies CSX CSX.O to $39 from $37; for Norfolk Southern NSC.N to $244 from $233 and for Union Pacific UNP.N to $248 from $231 ** "We are adjusting our target prices against our 2025 forecasts," it said ** The brokerage rates CSX at "buy", UNP

U.S. RESEARCH ROUNDUP-CME Group, Danimer Scientific, Intercontinental Exchange April 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including CME Group, Danimer Scientific and Intercontinental Exchange on Tuesday. HIGHLIGHTS * CME Group Inc CME.O : Jefferies raises target price to $239 from $236 * Danimer Scientific Inc DNMR.N : Piper Sandler cuts to neutral from overweight * Intercontinental Exchange Inc ICE.N : Jefferies

BUZZ-Baird raises PT for CSX on improving volumes, operating ratio ** U.S. freight railroad CSX CSX.O shares rise 0.6% to $36.64 ** Baird raises PT on co to $39 from $38 ** CSX offers leading service metrics and volumes have held up better through Q1 - Brokerage ** "Competitive wins, freight conversion and site development wins should support indus

MEDIA-CSX completes first diverted cargo shipments on new rail line for Port of Baltimore - CNBC -- Source link: https://tinyurl.com/4wwzmxza -- Note: Reuters has not verified this story and does not vouch for its accuracy

U.S. RESEARCH ROUNDUP-Danimer Scientific, Disney, Meta April 4 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Danimer Scientific, Disney and Meta, on Thursday. HIGHLIGHTS * CH Robinson Worldwide Inc CHRW.O : Baird cuts target price to $78 from $86 * Danimer Scientific Inc DNMR.N : TD Cowen cuts target price to $2 from $3 * Disney DIS.N : Moffettnathanson raises target price by $10 to $135 * Meta META.O : Jefferies ra