Canadian National Railway (CNI) said Friday it is advancing its hybrid locomotive program after a pilot project improved fuel efficiency by as much as 50%.
The company has three locomotives in testing and plans to convert two more to hybrid-electric platforms by the end of 2026.
Canadian National said the program is aimed at improving efficiency and reliability while reducing emissions.
Price: $128.20, Change: $+0.52, Percent Change: +0.40%
Major digital assets were mixed on Thursday, with Bitcoin (BTC-USD) holding above the $63,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 0.1% in the past 24 hours. The Nasdaq 100 rose 1.2%, the S&P 500 added 0.7%, and the Dow Jones Industrial Average increased 0.1%.Bitcoin added 0.2% to $63,361, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume dropped 13.7% to $19.45 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, rose 0.5% to $1,886.XRP (XRP-USD) added 0.1%, BNB (BNB-USD) eased 0.1%, and Solana (SOL-USD) increased 0.6%. Dogecoin (DOGE-USD) fell 0.4%, while Cardano (ADA-USD) decreased 0.9%.The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $2.17 trillion, with trading volume dropping 11.1% to $48.33 billion.Price: $63361.35, Change: $-49.04, Percent Change: -0.08%
(Updates with the company's latest stock move in the headline and first paragraph.)SOLV Energy (MWH) shares were up over 9% in Thursday trading after the company reported better-than-expected Q2 results and raised its guidance for the full-year.The company posted quarterly net income of $66.8 million, up from $44.6 million a year earlier.Two analysts polled by FactSet expected $41.5 million.Revenue for the quarter ended June 30 was $951.2 million, up from $536.0 million a year earlier.Analysts expected $723.1 million.The company updated its full-year 2026 revenue guidance of about $3.87 billion to $3.97 compared with prior outlook of $3.72 billion to $3.82 billion. Analysts expect $3.79 billion.Price: $32.85, Change: $+2.76, Percent Change: +9.17%
(Updates with the latest stock move in the headline and first paragraph.)McGraw Hill (MH) shares rose more than 16% in afternoon trading on Thursday after the publisher reported better-than-expected fiscal Q1 results.The company posted fiscal Q1 adjusted earnings Thursday of $0.59 per diluted share, compared with a breakeven a year earlier.Analysts polled by FactSet expected non-GAAP EPS of $0.48.Revenue for the quarter ended June 30 was $549.9 million, compared with $535.7 million a year earlier.Analysts expected $532 million.The company reiterated its fiscal 2027 outlook of $2.12 billion to $2.18 billion in revenue. Analysts expect $2.15 billion.Price: $13.47, Change: $+1.87, Percent Change: +16.12%