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Industry and shippers brace for Canada rail stoppage, fear 'catastrophe'

UPDATE 1-Industry and shippers brace for Canada rail stoppage, fear 'catastrophe' Talks between rail companies and Teamsters deadlocked, each side accuses other of bad faith Industry groups urge Trudeau's government to prevent stoppage, citing economic impact U.S. rail operator Norfolk Southern embargoes hazardous cargoes to/from CN and CPKC networks Add details from logistics firms, lobby associations, details on impact By David Ljunggren and Promit Mukherjee OTTAWA, Aug 14 (Reuters) - North Am
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Industry and shippers brace for Canada rail stoppage, fear 'catastrophe'

Industry and shippers brace for Canada rail stoppage, fear 'catastrophe' Talks between rail companies and Teamsters deadlocked, each side accuses other of bad faith Industry groups urge Trudeau's government to prevent stoppage, citing economic impact U.S. rail operator Norfolk Southern embargoes hazardous cargoes to/from CN and CPKC networks By David Ljunggren, Promit Mukherjee OTTAWA, Aug 14 (Reuters) - North American industry groups and shippers are bracing for an unprecedented simultaneous st
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U.S. stocks weekly: Jitters

RPT-BUZZ-U.S. stocks weekly: Jitters Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX extends losing streak to three weeks, slides 2.1% as recession fears reemerge .N ** Though 100-DMA, just above 5,300, acting as support, essentially contains SPX weakness ** Cboe Volatility Index .VIX , Wall Street 'fear gauge', leaps on Fri to nearly 30, closes at highest since Mar 2023 ** Nasdaq .IXIC slumps 3.4% on the week, confirms correction ; indeed, four FANGs fail to fend off
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U.S. stocks weekly: Jitters

BUZZ-U.S. stocks weekly: Jitters ** S&P 500 .SPX extends losing streak to three weeks, slides 2.1% as recession fears reemerge .N ** Though 100-DMA, just above 5,300, acting as support, essentially contains SPX weakness ** Cboe Volatility Index .VIX , Wall Street 'fear gauge', leaps on Fri to nearly 30, closes at highest since Mar 2023 ** Nasdaq .IXIC slumps 3.4% on the week, confirms correction ; indeed, four FANGs fail to fend off further Nasdaq flop ** U.S.
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U.S. STOCKS Spirit Airlines, Labcorp, Air Products and Chemicals

BUZZ-U.S. STOCKS ON THE MOVE-Spirit Airlines, Labcorp, Air Products and Chemicals Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main stock indexes fell over 1% on Thursday, bogged down by megacap tech and chip stocks, while small-caps bore the brunt of selling pressure as weak manufacturing data renewed concerns around a slowdown in the U.S.
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U.S. CH Robinson Worldwide, Dayforce, Entegris

U.S. RESEARCH ROUNDUP-CH Robinson Worldwide, Dayforce, Entegris Aug 1 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including CH Robinson Worldwide, Dayforce and Entegris, on Thursday. HIGHLIGHTS * CH Robinson Worldwide Inc CHRW.O : JP Morgan raises to overweight from neutral * Dayforce Inc DAY.N : Piper Sandler raises to overweight from neutral * Entegris Inc ENTG.O : Seaport Research Partners raises to buy from neutral * M
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CH Robinson Worldwide Inc reports results for the quarter ended in June - Earnings Summary

CH Robinson Worldwide Inc reports results for the quarter ended in June - Earnings Summary CH Robinson Worldwide Inc CHRW.OQ reported quarterly adjusted earnings of $1.15​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 96 cents per share.
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Logistics firm C.H. Robinson beats profit estimates on tight cost control

Logistics firm C.H. Robinson beats profit estimates on tight cost control July 31 (Reuters) - C.H. Robinson CHRW.O beat Wall Street estimates for second-quarter profit on Wednesday, helped by the logistics firm's efforts to rein in costs, sending its shares up nearly 8% in aftermarket trade. North America freight companies have shifted their focus to beefing up margins as volumes remain low amid a long-drawn slump in demand.
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Freight startup Sennder eyes doubled revenue with deal to buy part of U.S. rival

Freight startup Sennder eyes doubled revenue with deal to buy part of U.S. rival BERLIN, July 30 (Reuters) - Digital freight firm Sennder has agreed to buy the European logistics operations of its U.S. rival C.H. Robinson CHRW.O in a deal set to double its revenue to 1.4 billion euros ($1.5 billion), the German company said on Tuesday. Sennder, which brokers freight loads to freight forwarders via its online platform, hopes to optimise its connecting journeys with the larger size.
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CH Robinson Worldwide Inc <CHRW.OQ> expected to post earnings of 96 cents a share - Earnings Preview

CH Robinson Worldwide Inc expected to post earnings of 96 cents a share - Earnings Preview CH Robinson Worldwide Inc CHRW.OQ CHRW.O is expected to show a rise in quarterly revenue when it reports results on July 31 for the period ending June 30 2024 The Eden Prairie Minnesota-based company is expected to report a 2.5% increase in revenue to $4.532 billion from $4.42 billion a year ago, according to the mean estimate from 16 analysts, based on LSEG data.
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U.S. STOCKS Walt Disney, Mattel, Tellurian

BUZZ-U.S. STOCKS ON THE MOVE-Walt Disney, Mattel, Tellurian Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq recouped some of the previous week's losses on Monday, as investors reexamined the chances of a second presidential term for Republican nominee Donald Trump after U.S.
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U.S. STOCKS Verizon Communications, Reddit, Starbucks

BUZZ-U.S. STOCKS ON THE MOVE-Verizon Communications, Reddit, Starbucks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street rose on Monday, regaining some ground after the previous week's declines as investors assessed the odds of a second term for Republican nominee Donald Trump in the November election after President Joe Biden withdrew from the race.
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C.H. Robinson Worldwide rises after BofA upgrades to 'buy'

BUZZ-C.H. Robinson Worldwide rises after BofA upgrades to 'buy' ** Logistics company C.H. Robinson Worldwide's CHRW.O shares rise 3.5% to $92 premarket ** BofA upgrades rating to "buy" from "underperform" ** "Our upgrade is led by Truckload brokerage margin upside from depressed spot rates, near-term rate upside at ocean forwarding, and structural
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U.S. STOCKS Helios Technologies, Indivior, Principal Financial

BUZZ-U.S. STOCKS ON THE MOVE-Helios Technologies, Indivior, Principal Financial Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq hovered at record highs on Tuesday, propelled by gains in Nvidia and other megacaps, as U.S.
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JP Morgan lifts CH Robinson to 'neutral' on new operating model

BUZZ-JP Morgan lifts CH Robinson to 'neutral' on new operating model ** Global logistics company C.H. Robinson Worldwide's CHRW.O shares rise 1.3% to $87.70 ** J.P. Morgan upgrades CHRW to "neutral" from "underweight", lifts PT to $87 from $76 ** Says CEO David Bozeman's focus on revenue management objectives and vision for CHRW through new operati
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U.S. Ardelyx, Eli Lilly, Tesla

U.S. RESEARCH ROUNDUP-Ardelyx, Eli Lilly, Tesla July 3 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Ardelyx, Eli Lilly and Tesla, on Wednesday. HIGHLIGHTS * Ardelyx Inc ARDX.O : Piper Sandler cuts to neutral from overweight * Eli Lilly LLY.N : Jefferies raises target price to $1,041 from $1,015 * Nicolet Bankshares Inc NIC.N : Stephens raises target price to $90 from $88 * Tesla Inc TSLA.O : Wedbush raises target
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Triumph Financial jumps on partnership with freight broker C.H. Robinson

BUZZ-Triumph Financial jumps on partnership with freight broker C.H. Robinson ** Shares of fintech firm Triumph Financial TFIN.O jump 5.8% to $74.45 ** TFIN says it has struck a strategic relationship with freight broker C.H. Robinson CHRW.O , which is set to join its TriumphPay platform ** TriumphPay is a payments network that connects freight brokers, shippers and carriers in the North American trucking industry ** Raymond James analysts say it is a huge win for TFIN as it will now have four o
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C.H. Robinson Names Damon Lee As Its New Chief Financial Officer

BRIEF-C.H. Robinson Names Damon Lee As Its New Chief Financial Officer June 6 (Reuters) - CH Robinson Worldwide Inc CHRW.O : C.H. ROBINSON NAMES DAMON LEE AS ITS NEW CHIEF FINANCIAL OFFICER Source text for Eikon: ID:nBw7WjH7da Further company coverage: CHRW.O
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U.S. STOCKS Nvidia, Rubrik, Fly-E

BUZZ-U.S. STOCKS ON THE MOVE-Nvidia, Rubrik, Fly-E Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street struggled for direction on Thursday as AI-favorite Nvidia slipped after a tech-led rally in the previous session, and investors awaited a key labor market report ahead of the Federal Reserve's meetings next week to decide on interest rates.
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U.S. STOCKS Instacart, StoneCo, Brenmiller Energy

BUZZ-U.S. STOCKS ON THE MOVE-Instacart, StoneCo, Brenmiller Energy Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Technology stocks retreated in choppy trading on Thursday, pressuring the benchmark S&P 500 and the Nasdaq indexes, while the Dow inched up after jobless claims data raised hopes for the U.S.
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