TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Chrysler: Looking for a Miracle to Survive Robert Salomon submits: From the vault of “Oh Gee, What a Shock” comes the latest pronouncement from Fiat: Concessions or No Chrysler Deal. According to the Associated Press:Automaker Fiat Group SpA will walk away from a deal to take a 20-percent stake in Chrysler LLC if the U.S. automaker’s unions don’t agree to major cost cuts, Fiat CEO Sergio Marchionne said in an interview published Wednesday... Chrysler… needs concessions from creditors and unions to ink the Fiat deal.Complete Story » seekingalpha.com |
Bombardier Stalls, But Less Badly than Expected FP Trading Desk submits: It has become a trend for analysts to be impressed by companies that perform less badly than expected, and Bombardier Inc.'s (BDRAF.PK) first-quarter results yesterday are no exception.UBS and Desjardins analysts said Bombardier's performance was "satisfactory" and "in line with expectations" despite the struggling Montreal-based transport manufacturer reporting a 31% drop in earnings and zero orders for turboprops or regional jets.Complete Story » seekingalpha.com |
Earnings Preview: Ford Ford (F) is expected to report Q2 earnings Thursday, July 23 before the market open, with a conference call scheduled for 9 am ET. GuidanceAnalysts are looking for an EPS loss of (52c) on revenue of $24.71B. The consensus range is (69c)-(28c) for EPS, and $21.7B-$29.32B for revenue, according to First Call. Investors will be looking to see if the company's "cash burn" is slowing and how the company views the state of the economy. Ford's results this quarter should continue to be pressured by narrowing margins and decreasing demand, but cost cutting might help the EPS number. Complete Story » seekingalpha.com |
Ford Focuses on Asia Zacks.com submits: Ford Motor (F) has released plans suggesting an intense focus on its operations in China and India. The company looks forward to adding 250,000 units to its annual production capacity, taking both countries into account. Ford Motor has announced the launch of production of its small car, Figo, in India in the first quarter of 2010. The decision was backed by a $500 million investment in the company’s existing Maraimalai Nagar, Chennai, plant for expansion. The company has committed to invest more than $950 million in total in the plant. The expansion will make India one of the company’s strategic production hubs, with output potential doubled to 200,000 vehicles annually.Complete Story » seekingalpha.com |
FedEx: An Upbeat Holiday Forecast Ockham Research submits: “And in what could be viewed as another positive for the economy, FedEx says its busiest day this year will also be its busiest day ever. They expect to ship more than 13 million packages on December 14th. The company says it will add 14,000 part-time workers to handle the holiday rush. Shares have been trading to the upside, up over 1%.” — CNBC’s Street Signs 11/10/2009 According to an emailed statement put out by the company, FedEx (FDX) is ramping up operations in anticipation of a record holiday shipping rush. Estimates from the company are claiming that somewhere in the neighborhood of 13 million packages will be shipped on the busiest shipping day of the year. If true, this would be the company's busiest day ever and an increase of 8% from last year’s busiest day. The projection of 50 million packages for that week is an increase of 11% increase over last year. FedEx, headed by a respected economist Fred Smith, cited conversations with large customers, a return to growth in GDP, and increased industrial output among their reasons for optimism.Complete Story » seekingalpha.com |