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Tag: railroad
Shares of CSX, 3 Other Railroad Stocks Are in Danger of Derailing
2015-03-06 18:42:28| Railroads - Topix.net
The daily chart for the transportation ETF shows a sideways-to-down pattern that began with the all-time intraday high of $167.80 set on Nov. 28. The 200-day simple moving average provided a buying opportunity between Oct. 10 and Oct.16 when this average was at $141.32. The important level to hold is the 50-day SMA at $161.07 as a close below this average indicates risk to the 200-day SMA now at $153.87.
Supreme Court rules Alabama may justify railroad fuel tax
2015-03-05 21:49:22| Railroads - Topix.net
CSX Transporation, Inc. [opinion, PDF] that Alabama should be able to justify its decision to assess on railroads a fuel tax that it does not assess on motor carriers. The 7-2 ruling against CSX Transportation Inc. reversed the decision [opinion, PDF] of the US Court of Appeals for the Eleventh Circuit [official website], remanding the case to consider "whether Alabama's fuel-excise tax is the rough equivalent of Alabama's sales tax as applied to diesel fuel," and would thus justify the motor carrier tax exemption.
Supreme Court: Alabama may try to justify railroad tax
2015-03-04 19:01:42| Railroads - Topix.net
The Supreme Court says Alabama should have the chance to justify a fuel sales tax that it assesses on railroads but not on competitors in the trucking and barge industries. The justices on Wednesday ruled 7-2 against CSX Transportation Inc., which had challenged the state's assessment of a 4 percent sales tax whenever the company purchased diesel fuel.
Tags: tax
court
alabama
supreme
LIRR: SUV hit by train at railroad crossing after driver ignores warning lights and bells
2015-03-03 04:05:42| Railroads - Topix.net
Metropolitan Transportation Authority police and Nassau EMS crews at the scene at the LIRR train crossing on Rocklyn Avenue in East Rockaway after a train hit a vehicle on Monday, March 2, 2015. Photo Credit: Bill Bennett Metropolitan Transportation Authority police and Nassau EMS crews at the scene at the LIRR train crossing on Rocklyn Avenue in East Rockaway after a train hit a vehicle on Monday, March 2, 2015.
Tags: hit
train
warning
driver
Railroad Norfolk Southern says James Squires will replace Charles Moorman as CEO
2015-03-02 16:41:50| Railroads - Topix.net
The railroad company says Squires will replace 63-year-old Charles Moorman on June 1. Moorman, who has been CEO for about nine years, will stay on as executive chairman of the company's board. Squires, 53, joined Norfolk Southern in 1992.
Tags: james
charles
southern
replace
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