On Monday, Canadian National Railway (USA) (NYSE:CNI)’s shares declined -0.64% to $58.98.
Canadian National Railway (USA) (CNI) declared a C$20-million investment in the expansion of its cold supply chain capacity to assist producers and distributors of chilled or frozen foods grow their businesses in North American and overseas markets.
To accommodate growth, CN is acquiring 200 more domestic, 53-foot temperature-controlled containers, which will add to the current fleet of containers circulating inside North America.
CN is also acquiring 32 electrical generators to move 40-foot international marine reefers to and from CN-served ports on CN intermodal trains. The power packs provide economies of scale by connecting up to 17 international marine reefers at a time.
CN, in partnership with other railroads, offers cold supply chain rail services between Canada-United States-Mexico, in addition to between Canada and overseas markets.
Canadian National Railway Company, together with its auxiliaries, engages in rail and related transportation business in North America. It offers transportation services that comprise rail, intermodal container, and trucking services; and supply chain solutions, counting warehousing and distribution, cargoflo, logistics parks, freight forwarding, customs brokerage service, industrial development, and marine services.
Archer Daniels Midland Company (NYSE:ADM)’s shares gained 0.34% to $53.03.
Archer Daniels Midland Company (ADM) declared the commencement of cash tender offers to purchase the 11 series of Debentures listed in the table below (collectively, the “Debentures” and each a “series” of Debentures).
The terms and conditions of the tender offers are described in the Offer to Purchase dated June 1, 2015, and related Letter of Transmittal. Copies of these documents are accessible to holders from D.F. King & Co., Inc., the tender and information agent for the tender offers.
The tender offers will expire at 5:00 p.m., New York City time, on June 30, 2015, unless extended.
Holders must tender their Debentures by 5:00 p.m., New York City time, on June 12, 2015, unless extended, to be eligible to receive the applicable total consideration (which comprises the applicable early tender payment set out above). Holders who tender their Debentures after such date and prior to the expiration date will be eligible to receive the applicable total consideration less the early tender payment.
The applicable total consideration will be determined as described in the Offer to Purchase based on the present value of future payments on the applicable Debentures discounted to the settlement date at a rate equal to the sum of the yield to maturity for the applicable reference security, calculated by the lead dealer managers based on the bid-side price at 11:00 a.m., New York City time on June 15, 2015, plus the applicable fixed spread, minus accrued interest up to, but not counting, the settlement date, which is presently predictable to be July 1, 2015.
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The companys Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals. It offers ingredients for the food, feed, energy, and industrial products industries; crude vegetable and salad oils; refined oils; oilseed protein meals; natural health and nutrition products, and other specialty food and feed ingredients; and cottonseed flour and cotton cellulose pulp.
At the end of Monday’s trade, Veeva Systems Inc (NYSE:VEEV)‘s shares dipped -2.58% to $26.42.
Veeva Systems Inc (VEEV) declared participation in the following investor conferences:
- Evercore ISI Industry Cloud Symposium, New York, NY. Matt Wallach, President and Co-founder, is presenting Thursday, June 4, 2015, at 2:45 p.m. Eastern time.
- William Blair Growth Stock Conference, Chicago, IL. Tim Cabral, CFO, is presenting Wednesday, June 10, 2015, at 1:20 p.m. Central time.
Veeva Systems Inc. provides cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. Its solutions comprise Veeva CRM, a customer relationship administration solution that allows pharmaceutical and biotechnology companies to market and sell compliantly to physicians, other healthcare professionals, and healthcare organizations through multiple touch points, counting face-to-face, email, and online; and Veeva Vault, a cloud-based content administration and partnershipsolution for its customers to manage content-centric processes in various departments within a life sciences company, counting clinical trials, regulatory submissions, quality administration, manufacturing, medical, sales, and marketing.
NXP Semiconductors NV (NASDAQ:NXPI), ended its Monday’s trading session with -0.24% loss, and closed at $111.98.
The Hamburg Port Authority (HPA) and NXP Semiconductors (NXPI) jointly unveiled the first intelligent traffic light for the port of Hamburg recently that optimizes the flow of truck traffic and guides drivers through the increasingly heavily used port more quickly and safely. The smartPORT Traffic Light is another project realized by the HPA to prevent traffic congestion and emissions and is part of the HPA’s overall effort to enhance use of IT in these future-oriented measures.
The smartPORT Traffic Light was realized by the HPA in conjunction with its partners NXP, Siemens, Heusch/Boesefeldt, and Hamburg Verkehrsanlagen. With the intelligent traffic light, trucks are guided around the port more quickly to thereby also assist reduce CO2 emissions. A special automotive wireless LAN communication system called Vehicle-to-X (V2X) allows vehicles to communicate securely and wirelessly with infrastructure elements like traffic lights, road signs, and roadworks. An approaching line of vehicles can communicate with the intelligent traffic light to turn it green or keep it green, allowing the vehicles to pass the light without stopping. In addition, radio frequency identification (RFID) technology allows the traffic light to identify vulnerable road users in the vicinity and, as a result, send automatic hazard warnings to approaching trucks via V2X to prevent accidents.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide.
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