TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Chrysler Bankruptcy Going According to Plan Felix Salmon submits: This is pretty much exactly what we wanted, right? Chrysler gets the benefits of bankruptcy — such as being able to restructure its obligations to its dealer network — while the holdout creditors, who pushed Chrysler into bankruptcy in the first place, get less than they were initially offered by the Obama administration. I do wonder what that means for the prospects of a GM bankruptcy. On the one hand, would-be holdouts are unlikely to make the same mistake twice. But on the other hand, there are so many more of them that the collective-action problems of getting a successful restructuring done out of bankruptcy are pretty much insurmountable. I think the best-case scenario for GM, just as with Chrysler, is a quick bankruptcy with little fractiousness from bondholders. The chances of avoiding bankruptcy outright seem slim indeed: the bigger risk is that bankruptcy will drag on to the point at which GM can no longer emerge from it as a going concern.Complete Story » seekingalpha.com |
FedEx Corp. F4Q09 (Qtr End 05/31/09) Earnings Call Transcript FedEx Corp. (FDX)Q4 2009 Earnings CallJune 17, 2009 8:30 am ETComplete Story » seekingalpha.com |
Cash for Clunkers: Sham Du Jour Sold At The Top submits: Looks like the Fed's “Cash for Clunkers” policy has stirred some pretty dramatic demand for new vehicles spurring on the second largest month-to-month production jump in vehicles in nearly 40 years.While I recognize the novelty of the “Car Allowance Rebate System” policy, I’m more than a bit skeptical of its overall utility and simply appalled at the thought of thousands of Americans queuing up for their government auto allowance.Complete Story » seekingalpha.com |
Earnings Preview: Boeing Boeing (BA) is expected to report Q2 earnings on Wednesday, October 21 before the market open with a conference call scheduled for 10:30 am ET. GuidanceAnalysts are looking for EPS of ($2.12) on revenue of $17.18B. The consensus range is ($2.45)-($1.87) for EPS, and $16.15B-$18.95B for revenue, according to First Call. Boeing noted it will record a $1B charge in Q3, attributed to a delay in producing a new version of the 747-8 series freighter jet, causing slow sales and late design changes. The company's problem filled 787 program developed a new wrinkle during the quarter when production of the plane's fuselage parts was halted after flaws in the fuselage's composite skin were discovered. It was initially felt the halt could push the Dreamliner's first flight date back further. However, in mid October, Boeing announced the fixes were progressing well, and the 787 was still on track to fly by the end of the year. Given the problems in the company's two main airline projects, investors may want to prepare for a let down in Q3.Complete Story » seekingalpha.com |
Stimulus Initiative for Fuel Efficient Vehicles Toby Shute submits:On Monday, Secretary Chu from the Department of Energy unveiled the latest recipients of our stimulus cash. Last year, grants went to a slew of green initiatives, from alternative fuel vehicles and wind farms to smart grid implementations and biomass projects. This week, fuel efficiency is in the spotlight. A total of nine projects received $187 million in funding, which is modest compared to past awards. The biggest winners were those working on a so-called Super Truck program. This entails developing Class 8 long-haul freight trucks that can run 50% more efficiently. Class 8 trucks consume 80% of the country's diesel fuel, so they're a natural place to funnel some efficiency R&D.Complete Story » seekingalpha.com |