TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Guangshen Railway: Beaten Down Chinese Railway Worth Eyeing David Hunkar submits: Guangshen Railway Co. (GSH) is the lone foreign railroad listed on the New York Stock Exchange other than the Canadian railroads.From Wikipedia:Complete Story » seekingalpha.com |
Air Methods: Flying High Zachary Scheidt submits: Air Methods Corporation (AIRM) has rallied significantly in the past few months as the company has implemented changes leading to increased profitability. AIRM is the largest air medical transport company in the world and under its Community Based Services division, it operates out of 91 bases in 21 states. The company recently reported earnings for the first quarter and significantly increased profitability levels. Revenue for the first quarter came in at $124.7 million which was only up 5.6% over the first quarter of 2008. However, earnings per share came in at $0.41 which was more than 240% above earnings for the same period last year. Management indicated that the improvement was due to stronger reimbursement per community based transport as well as lower maintenance and fuel costs.Complete Story » seekingalpha.com |
Air Travel Demand Falls for Ninth Straight Month FP Trading Desk submits: The global recession has continued to hammer the airline industry as the latest International Air Transport Association traffic data shows air travel demand has fallen for the ninth straight month, down more than 9% in May.Scott Rattee, special situations analyst at Blackmont, found the numbers less than encouraging.Complete Story » seekingalpha.com |
Nissan, Chrysler Deal Suspended TheCarConnection.com submits: The product-sharing deal that would have brought new trucks to Nissan (NSANY) and new small cars to Chrysler has been terminated.The end of the deal made in January 2008 was announced yesterday in a brief release issued by both companies. By the terms of the deal, Chrysler was to supply Nissan with a full-sized truck based on its Ram pickup. That vehicle would have replaced Nissan's next-generation Titan, starting in 2011.Complete Story » seekingalpha.com |
The Chart to Watch: Falling Transports Bill Luby submits: For the most part, last week saw some mild negative numbers in most of the major market indices. One particular index that is closely watched by many, however, was particularly hard hit. The Dow Jones Transportation Average ((DJTA)), an essential component of Dow Theory, fell 5.4% for the week and was particularly hard hit on Friday. Before the market opened on Friday, two of the three railroads in the DJTA reported earnings and while the bottom line numbers were impressive, investors were spooked by substantial revenue declines. Burlington Northern Santa Fe (BNI) reported a quarterly revenue decline of 27% from the comparable quarter in 2008, while Union Pacific (UNP) reported a 24% drop in revenues for the same period. The weak revenue picture helped to push the DJTA to a loss of 3.5% on Friday and create what looks for now to be a provisional double top in the index in the chart of the week below.Complete Story » seekingalpha.com |