TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Here's Why I'm Happy I Drive a Ford Diane Lim Rogers submits: I drive (only) Fords (F), mostly because my sister works for them. But I like my Fords, especially our two compact Focuses, and I still have hopes to someday be able to buy a hybrid Escape without the waiting list and with the family discount. Of course, I could just buy a regular Escape now that gas is so cheap again, but it’s the principle of the matter–and my belief that gas isn’t going to stay at $2/gallon for very long (and I’m not now in the market for a new car). The perspective of Ford’s Chairman Bill Ford (as reported on Fortune’s “Green Wombat” blog) makes me feel even better about the company:Complete Story » seekingalpha.com |
GM's Surge: Proof Insanity Knows No Limits Todd Sullivan submits: General Motors (GMGMQ.PK) shares are rising despite everyone, including GM saying they are worthless.AP Reports:Complete Story » seekingalpha.com |
Ford and the New 'Profitability' Ryan Avent submits: Ford (F) actually lost a little under $500 million on its operations in the second quarter, but taking into account one-time debt reductions pushed the firm into the black for the three months to June. And that at a time when Ford's sales through the first half of the year were off 33%. Of course, General Motors and Chrylser had sales figures that were worse still, meaning that Ford gained market share over the first six months of 2009.Ford still says that it will be burning cash through the rest of the year, though the rate is expected to slow. On the other hand, its share of sales may continue to grow, depending on how consumers treat the new versions of Chrysler and GM (GMGMQ.PK), newly emerged from bankruptcy.Complete Story » seekingalpha.com |
Airlines Hit Hard by Bevy of Factors David White submits:The airlines have been hit hard by the recession. Unemployed people do not take as many airplane trips. Employed people with less job security do not take as many airplane trips. Businessmen and women are operating on more restricted budgets during this period of economic recession / slow down. They take fewer airplane trips. The Swine Flu, its pandemic designation, and the predictions for a huge percentage of the populations of many countries contracting the Swine Flu have put a big dent in airplane traffic. For instance, Russia has issued warnings about travelling to the UK. The US is probably on a lot of countries “avoid if possible” lists. The price of oil has more than doubled since earlier in the year. Predictions are for the price of oil to go up even further next year. All of these conditions are likely to persist or worsen in the next two years. Moody’s (MCO) estimates that the credit card charge off rate will peak in mid 2010. This will likely mark the bottom for the amount of individuals’ airplane travel. It will likely be close to the bottom for business travel. The Swine Flu is supposed to be prevalent for two years. The unemployment rate is supposed to remain above 9% well into 2011 (and possibly further). Dr. Roubini has predicted slow economic growth in the US (1% approx. in 2010 and 2011) and Europe. The Fed has predicted slow economic growth in the US in 2010 and 2011. Both think there is a good possibility of a double dip recession.Complete Story » seekingalpha.com |
AAR Signs with Mesa: Increase Cash Flow Expected Zacks.com submits: Earlier this month, Aar Corp. (AIR) entered into a series of related transactions with Mesa Air Group, Inc. (MESA). AAR and Mesa amended their parts supply and maintenance agreements for Mesa's CRJ-200 and ERJ-145 aircraft fleet to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat aircraft market. In consideration for these amendments AAR will receive a cash payment from Mesa along with 15 million shares of Mesa's common stock. AAR will return to Mesa $6.1 million aggregate principal amount at maturity of Mesa's 2023 notes.Complete Story » seekingalpha.com |