TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Shipping Industry's $350 Billion Debt Felix Salmon submits: Landon Thomas’s story on dodgy shipping loans has some absolutely astonishing numbers, the biggest of which is simply the size of the market, which he pegs at a whopping $350 billion. The story is pegged to Eastwind Maritime, a shipper which went bust this summer owing $300 million on a fleet of 55 ships. That’s about $5.5 million per ship, which isn’t very much when the average five-year-old vessel was valued at about $88 million as of June of 2008. But things are different now:Complete Story » seekingalpha.com |
First Yearly Increase in Trucking Index Since 2008 Mark J. Perry submits: "The American Trucking Associations advance seasonally adjusted (SA) Truck Tonnage Index climbed 2.1% in December, following a 2.6% increase in November. The latest gain boosted the SA index from 106.2 in November to 108.4 in December, its highest level since November 2008. Compared with December 2008, SA tonnage jumped 6.6%, which was the first year-over-year increase since September 2008. For all of 2009, the tonnage index was down 8.3%, which was the largest annual decrease since a 12.3% plunge in 1982.Complete Story » seekingalpha.com |
High Conviction: A Dividend All-Star That's Paving the Way to Global Productivity Rising Dividend Investing submits: Greg Donaldson, an RIA, is founder and director of portfolio strategy for Donaldson Capital Management, based in Evansville, Ind. With 35 years of experience in the securities business, he's founded or co-founded three different investment management companies. Greg's investment approach involves looking for the correlation between stock price growth and dividend growth. He's found that for a few hundred companies, buying stock when its price is below its projected dividend line has been profitable - and, conversely, stocks whose price is outpacing dividend growth often end up as disappointments.Complete Story » seekingalpha.com |
Boeing Acquires Argon ST After Two-Year Partnership Zacks.com submits: In an effort to extend its footprints in cyber and intelligence markets, Boeing Company (BA) has decided to acquire Argon ST Inc. (STST). This will be an all-cash transaction and will cost $775 million or $34.50 per share. The acquisition plan follows the successful partnership with Argon ST for more than two years.Based in Fairfax, Virginia, Argon ST is a premier developer of command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) and combat systems. This acquisition will allow Boeing to better address the C4ISR, cyber and intelligence markets.Complete Story » seekingalpha.com |
UPS Beats Estimates, Raises Guidance Zacks.com submits: Before the opening bell, United Parcel Services (UPS), the world's largest package delivery company, declared its adjusted third quarter 2010 earnings of 93 cents per share, which surpassed the Zacks Consensus Estimate of 87 cents. Earnings per share shot up 69% year over year from 55 cents in the year-ago quarter on strong revenues and superior execution. On a reported basis, earnings saw a whopping year-over-year increase of 80% in the third quarter. United Parcel also recorded a one-time benefit of $61 million from the real estate sale.Complete Story » seekingalpha.com |