Rails / Roads - Freight
Norbert Dentressangle SA Receives UKLA Approval for Listing on Euronext London
Norbert Dentressangle SA announced that the United Kingdom Listing Authority (UKLA) approved the Company's application for admission of its shares to the Standard segment of the UKLA's official list. The listing of the Company's shares on Euronext London should take place on July 4, 2013. This listing will be in addition to the Company's listing on Euronext Paris.
Kuwait and Gulf Link Transport Co KSCC to Acquire Remaining Shares in National Cleaning Co KSCC
Kuwait and Gulf Link Transport Co KSCC announced that it has received an approval from Kuwait Capital Markets authority to acquire the remaining shares of National Cleaning Co KSCC at KWD 0.132 per share.
Standard & Poor’s Affirms Its Credit Ratings On Ferrocarril Mexicano SA de CV
Ferrocarril Mexicano SA de CV announced that Standard & Poor’s has affirmed its credit rating on the Company on the national scale –CaVal at mxAA+, and its short-term credit rating at mxA-1+. The outlook is stable.
Toll Holdings Ltd Reaffirms H2, FY 2013 EBIT Guidance
Toll Holdings Ltd reconfirmed its operating earnings guidance for fiscal 2013 reflecting the benefits of its diversified earnings base. As commented at its interim results announcement in February, Toll expects its operating earnings for the second half of 2013 to be higher than the same period last year, resulting in reported operating earnings (EBIT) for fiscal 2013 between $420 million and $430 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBIT of $182.20 million for the second half of 2013.
Patriot Transportation Holding Inc Announces Retention Of Raymond James & Associates Inc
Patriot Transportation Holding Inc announced that it has retained the investment banking services of Raymond James & Associates Inc to assist the Company's Board of Directors with its evaluation of a possible separation of the Company's real estate and transportation businesses into two separate public companies in a tax free spinoff transaction to existing shareholders.
Tze Shin International Co Ltd Appoints General Manager
Tze Shin International Co Ltd announced that it has appointed Xu Mingtan as General Manager, to replace Mr. Chen Wenlong, due to Chen Wenlong's retirement, effective July 1, 2013.
Nurminen Logistics Oyj Concludes Co-Determination Negotiations; Considers Reorganisation of Work Possibly Leading to Dismissal Maximum of 10 Persons
Nurminen Logistics Oyj announced that the Company has concluded co-determination negotiations concerning all of its terminal and forwarding personnel in Nurminen Logistics Services Oy’s Railway Logistics business unit that commenced on June 12, 2013. As a result, the terminal and forwarding personnel of the Railway Logistics business unit will be laid off for a maximum of 90 days until the second quarter of 2014. In addition, the employer is looking into other options for the reorganisation of work, which may lead to the dismissal of a maximum of 10 persons. The adjustment requirement agreed upon in the negotiations concerns the previously reported number of 67 persons.
Hanjin Transportation Co Ltd to Jointly Establish New Company
Hanjin Transportation Co Ltd announced that it will jointly establish a new company on August 30, 2013, to secure container berth in Incheon area. The new entity, to be capitalized at KRW 78,300 million, will be mainly engaged in the harbor operating business. The Company will invest KRW 62,640 million, holding an 80% stake in it.
Canadian Pacific Railway Ltd Reaffirms FY 2013 Guidance
Canadian Pacific Railway Ltd announced that despite the significant recovery efforts and interruption to railway operations, CP maintains its previously provided guidance for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of CAD6.204 billion and EPS of CAD6.29 for fiscal 2013.
DSV A/S Acquires Airmar Cargo S.A.
DSV A/S announced that it has signed an agreement to acquire its exclusive agent in Colombia, Airmar Cargo S.A. This transaction will strengthen DSV’s foothold in the South American market, by adding 60 employees and four branches (in Bogota, Medellin, Cali and Cartagena) to its network. By entering the Colombian market, DSV is present in 75 countries. Airmar Cargo S.A. was founded in 1997 in Bogota. It is active in the seafreight forwarding export market from Colombia to the Central American and Caribbean countries and DSV’s exclusive agent since 2009. It achieved in 2012 a gross turnover of USD 8 million. The transaction, which takes the form of an asset deal, has been submitted to Colombian competition authorities and is expected to close around September1, 2013. Financial terms of the transaction have not been disclosed.
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Sector Summary
| Energy |  +0.44% |
| Basic Materials |  -0.35% |
| Industrials | +0.03% |
| Cyclical Goods & Services | +0.47% |
| Non-Cyclical Goods & Services | +0.01% |
| Financials | +0.29% |
| Healthcare | -0.05% |
| Technology | +0.62% |
| Telecoms | +0.44% |
| Utilities | -0.26% |
| DOW | 15,044.89 | +69.93 |
+0.47% |
| S&P 500 | 1,623.29 | +8.33 |
+0.52% |
| NASDAQ | 3,449.83 | +15.34 |
+0.45% |
| TR US Index | 147.37 | +0.72 |
+0.49% |
Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$35.00
|
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Provider: Wright Reports
|
$35.00
|
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Provider: Wright Reports
|
$65.00
|
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Provider: Wright Reports
|
$35.00
|
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Provider: Wright Reports
|
$75.00
|
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