This morning, the important transportation index is trading slightly lower to start the day. The ishares Dow Jones Transportation ETF (NYSEARCA:IYT) is declining lower by 0.11 cents to $94.47 a share. Short term traders should watch for intra-day support around the $94.13 and $93.20 levels.
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Canadian National Railway Company (NYSE:CNI) and the United Steelworkers (USW) Local 2004 announced that they have reached a tentative agreement to renew the labour contract for approximately 2,800 maintenance-of-way employees in Canada . The current agreement is scheduled to expire on Dec. 31, 2011 .
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Air Products & Chemicals Inc. (NYSE:APD) declared a quarterly dividend of 58 cents per share of common stock. The dividend is payable on February 13, 2012 to shareholders of record at the close of business on January 3, 2012.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide.