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R J Corman Railroad agrees to buy Carolina Southern Railroad

2015-06-29 01:00:00| Railway Technology

US firm R J Corman Railroad Company and current owner Ken Pippin have agreed to finalise the $13.9m sale of Carolina Southern Railroad by 1 August.

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China Southern Power Grid Awards Energy Storage Project

2015-06-25 18:49:00| Transmission & Distribution World

Highpower International, Inc. has secured a contract to produce a 100KWH energy storage system for China Southern Power Grid Co., Ltd. read more

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YieldBoost Norfolk Southern Corp. From 2.6% To 5.6% Using Options

2015-06-24 19:46:45| Railroads - Topix.net

Corp. looking to boost their income beyond the stock's 2.6% annualized dividend yield can sell the January 2017 covered call at the $105 strike and collect the premium based on the $4.40 bid, which annualizes to an additional 3% rate of return against the current stock price , for a total of 5.6% annualized rate in the scenario where the stock is not called away. Any upside above $105 would be lost if the stock rises there and is called away, but NSC shares would have to advance 14.4% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 19.2% return from this trading level, in addition to any dividends collected before the stock was called.

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Southern States Introduces Ballistic Resistant Solutions

2015-06-24 16:13:00| Transmission & Distribution World

Ballisti-Wall and Ballisti-Cover provide military grade protection for utility critical assets and equipment. T&D World's The Briefing Room read more

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Heat wave kills more than 180 in Pakistan's southern Sindh

2015-06-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: An intense heat wave over three days has killed more than 180 people in Pakistan's southern Sindh province, officials said on Monday, leading authorities to declare an emergency as the electricity grid crashed and bodies stacked up in the morgues. The outages hit large portions of Pakistan's financial heart of Karachi and home to 20 million people, where residents lit bonfires in protest. Unclaimed bodies were being rapidly buried to create space in the morgues, Anwar Kazmi, a senior official...

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