Rail

Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock

Tuesday, August 11, 2020 - 10:00pm

Kansas City Southerns (KCS) (NYSE:KSU) Board of Directors on August 11, 2020 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock.

Key Points: 
  • Kansas City Southerns (KCS) (NYSE:KSU) Board of Directors on August 11, 2020 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock.
  • The dividend is payable on October 6, 2020 to preferred stockholders of record at the close of business on September 14, 2020.
  • The Board of Directors also declared a regular dividend of $0.40 per share on the outstanding KCS common stock.
  • Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama.

Tideworks Technology Introduces Mainsail 10 and Announces Go-Live at MIT

Tuesday, August 11, 2020 - 3:00pm

Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine TOS solution, Mainsail 10 at Manzanillo International Terminal (MIT) in Panama.

Key Points: 
  • Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine TOS solution, Mainsail 10 at Manzanillo International Terminal (MIT) in Panama.
  • Tideworks engineered Mainsail 10 to provide terminal operators with increased flexibility and a TOS solution that can seamlessly integrate and scale to adapt to changing operational needs.
  • We are thrilled to introduce our next-generation TOS that will offer a strategic advantage to terminal operators worldwide, said Thomas Rucker, president of Tideworks.
  • The successful go-live of Mainsail 10 at MIT is the first deployment of our latest marine TOS and signifies another milestone in our long-term partnership with MIT.

DSV Air & Sea and Augury Extend Machine Health Ecosystem to Enable Diagnostics-Driven Parts and Logistics Management

Tuesday, August 11, 2020 - 2:05pm

Together the companies have created an industry-first offering that delivers Machine Diagnostics and Parts Logistics as an integrated service for industrial and manufacturing companies.

Key Points: 
  • Together the companies have created an industry-first offering that delivers Machine Diagnostics and Parts Logistics as an integrated service for industrial and manufacturing companies.
  • Customers utilizing both offerings can now have the predictive diagnostics alerts from Augurys Machine Health solution trigger the delivery of required replacement parts via DSVs global network.
  • The new solution from DSV and Augury helps meet these needs, letting customers gain benefits of Machine Health-as-a-service and outsource logistics for parts delivery and supply chain management.
  • DSV Air & Sea is a Danish transport and logistics company offering transport services globally by road, air, sea and train.

Iteris Awarded $5.4 Million Contract Extension by San Francisco Bay Area Metropolitan Transportation Commission

Tuesday, August 11, 2020 - 1:30pm

(NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced the Metropolitan Transportation Commission (MTC) has awarded Iteris a $5.4 million contract extension to continue its use of Iteris next-generation traveler information services solution to power the San Francisco Bay Area's 511 traveler information system .

Key Points: 
  • (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced the Metropolitan Transportation Commission (MTC) has awarded Iteris a $5.4 million contract extension to continue its use of Iteris next-generation traveler information services solution to power the San Francisco Bay Area's 511 traveler information system .
  • View the full release here: https://www.businesswire.com/news/home/20200811005240/en/
    Iteris Awarded $5.4 Million Contract Extension by San Francisco Bay Area Metropolitan Transportation Commission (Photo: Business Wire)
    Iteris has been providing key services of the 511 SF Bay traveler information system to the MTC since 2015 and the new contract extension will continue this partnership a further two years.
  • Iteris is excited to extend our partnership with the San Francisco Bay Area MTC by continuing to operate key services of the regions 511 traveler information system, said Scott Carlson, vice president and assistant general manager, Transportation Systems at Iteris.
  • These statements include, but are not limited to, statements about the awarded contract and capabilities and benefits of our ClearRoute traveler information services.

Transit Wireless Participates in NYC Summer Bridge Program

Tuesday, August 11, 2020 - 1:00pm

Transit Wireless , a leading 5G neutral host fiber infrastructure company, announced its participation in NYC Summer Bridge, the nations largest youth internship program.

Key Points: 
  • Transit Wireless , a leading 5G neutral host fiber infrastructure company, announced its participation in NYC Summer Bridge, the nations largest youth internship program.
  • Summer Bridge connects a diverse group of students across all five NY City boroughs with internships at technology companies.
  • COVID-19 has impacted everyone across our region, especially school-aged children, said Louise Butler, vice president of people at Transit Wireless.
  • Transit Wireless and its majority shareholder BAI Communications , finances, designs, builds, operates and maintains wireless networks to connect millions of customers each day.

USD Partners to Participate in Goldman Sachs and Citi Virtual Investor Conferences on August 11th and 12th and Issues New Investor Presentation

Monday, August 10, 2020 - 9:21pm

USD Partners LP (NYSE:USDP) (the Partnership) announced today that members of its senior management team will participate in the Goldman Sachs Power, Utilities, MLPs and Pipelines Virtual Conference on August 11, 2020.

Key Points: 
  • USD Partners LP (NYSE:USDP) (the Partnership) announced today that members of its senior management team will participate in the Goldman Sachs Power, Utilities, MLPs and Pipelines Virtual Conference on August 11, 2020.
  • Additionally, the Partnerships senior management team will participate in the Citi One-on-One Midstream / Energy Infrastructure Virtual Conference on August 12, 2020.
  • In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.
  • USDG, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America.

All Aboard! Top-ranked Rail Operator Accelerates Digital Transformation with Workforce Dimensions from Kronos

Monday, August 10, 2020 - 2:00pm

Merseyrail, the number one ranked U.K. rail operator for punctuality and one of the largest employers in the Liverpool City Region, will empower employees and managers while accelerating its digital transformation with the next-generation Workforce Dimensions suite from Kronos Incorporated .

Key Points: 
  • Merseyrail, the number one ranked U.K. rail operator for punctuality and one of the largest employers in the Liverpool City Region, will empower employees and managers while accelerating its digital transformation with the next-generation Workforce Dimensions suite from Kronos Incorporated .
  • Powered by the intelligent Kronos D5 platform, the real-time workforce management solution will give Merseyrail unprecedented levels of operational insight while delivering an unparalleled user experience.
  • The future-ready features of Workforce Dimensions align with Merseyrails commitment to equip employees with the tools and technology they need to thrive and be productive.
  • Additionally, the extensibility of the Kronos D5 platform allows for easier integration of subsequent business applications and technologies.

Berkshire Hathaway Inc. News Release

Saturday, August 8, 2020 - 12:59pm

For accounting purposes, the give-back will be spread over the twelve month period beginning on April 8, 2020.

Key Points: 
  • For accounting purposes, the give-back will be spread over the twelve month period beginning on April 8, 2020.
  • Approximately $5.1 billion was used to repurchase Berkshire shares during the second quarter bringing the six month total to $6.7 billion.
  • Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.
  • Certain statements contained in this press release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Automated Container Terminal Market Highlights the Impact of COVID-19 2020-2024 | Robotization of Container Terminals in the US to Boost Market Growth | Technavio

Saturday, August 8, 2020 - 2:30am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200807005358/en/
    Technavio has announced its latest market research report titled Global Automated Container Terminal Market 2020-2024 (Graphic: Business Wire).
  • Growth in automated container terminals in emerging markets is a major growth factor for the market.
  • Robotization of container terminals in the US and growth of automated container terminals in emerging markets are the major factors driving the market.
  • Automated Container Terminal Market 2020-2024: Segmentation
    Automated Container Terminal Market is segmented as below:

Berkshire Hathaway Inc. Information Regarding Second Quarter Earnings Release

Thursday, August 6, 2020 - 9:15pm

(BRK.A; BRK.B) Berkshire Hathaway Inc.s second quarter earnings release and its quarterly report on Form 10-Q will be posted on the Internet on Saturday, August 8, 2020, at approximately 7:00 a.m. Central time where it can be accessed at www.berkshirehathaway.com .

Key Points: 
  • (BRK.A; BRK.B) Berkshire Hathaway Inc.s second quarter earnings release and its quarterly report on Form 10-Q will be posted on the Internet on Saturday, August 8, 2020, at approximately 7:00 a.m. Central time where it can be accessed at www.berkshirehathaway.com .
  • Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.
  • Certain statements contained in this press release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
  • Berkshire assumes no obligation and does not intend to update these forward-looking statements.