TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Burlington Northern Santa Fe Acquisition Promises Growth for Berkshire Hathaway Sovestor submits:Warren Buffett, 79 years old and the world's biggest and smartest investor, yesterday Nov 3, 2009, announced in a big way that his Berkshire Hathaway (BRK.A) is acquiring Burlington Northern Santa Fe (BNI) for $26 Billion. The detail of the transaction can be found here on CNBC. Berkshire will acquire the 77 percent stake in Burlington Northern Santa Fe that it doesn't already own for $100 a share in cash and stock. CNBC interviewed Warren Buffett on his reasonings on his latest and biggest deal as well as his take on the economy: Complete Story » seekingalpha.com |
Toyota:Wall Street as NHTSA:SEC/FINRA When regulators are in bed with industry, bad things happen. When regulators actually go to work for the industry, then really bad things happen. Evidence of this dynamic on Wall Street is overwhelming. Yet, don’t think that Wall Street has a monopoly on this incest. Bloomberg highlights that incestuous activity has also played out in the disaster encompassing Toyota (TM).Complete Story » seekingalpha.com |
CSX Beats on Increased Revenues Zacks.com submits: CSX Corporation’s (CSX) first quarter earnings of 78 cents per share were ahead of the Zacks Consensus Estimate of 69 cents. Earnings were up 22% from 64 cents in the year-ago quarter. Results were helped by increased revenues due to volume improvement in chemicals, agricultural products, metals, fertilizers and automotives in the wake of the improving economy. Revenue increased 11% year-over-year to $2.35 billion due to volume improvements in the recovering economy. However, coal is expected to remain a headwind into 2010 due to utility stockpiles that are above target levels.Complete Story » seekingalpha.com |
North American Auto Production Update Gabriel Kaplan submits:North American auto-production output in June was 1.093m units (up 99% YoY). Re-stocking of inventories is still going on in the economy, but we are due for a slowdown unless we see an uptick in employment and consumer confidence. These macro-indicators will probably lead unit sales in the future.In terms of Japanese car companies, we expect a deterioration in earnings for Toyota (TM) given the strength of the yen and the end of government subsidies. Nissan (NSANY.PK) and Honda appear (HMC) to us as the best value in this environment.Complete Story » seekingalpha.com |
Rail Traffic Continues to Rise Todd Sullivan submits: Total North American rail traffic rose to 692.5k cars last week making it the best week in the past two years. When we combine this with what we are seeing in temporary employment trends, the two data points back the view I hold that not only is a “double dip” not likely, but now becoming a highly remote scenario. Also, The Conference Board Help Wanted Online Index continues to trend higher with a Sept 2010 gain of 59,900. Fears that the economy is not in recovery or is stalling or is doing something else other than recovering are misplaced with this type of data. Demand tends to start slowly and then it accelerates exponentially until most recognize that the economy has recovered. (Click to enlarge)Complete Story » seekingalpha.com |