6 Data Points that Suggest Air Travel Looks Headed for Comeback
Mark J. Perry submits: click to enlarge 1. AIRPORTS COUNCIL INTERNATIONAL -- World passenger traffic posted a positive growth rate in August for the first time since June 2008. Passenger demand finally registered a modest positive growth rate in August 2009 with the world airports reporting a 0.1 percent increase compared to August 2008. International passenger traffic declined slightly by 2 percent while domestic traffic increased dramatically by 3 percent in 2009.Complete Story » seekingalpha.com |
Ferrari to Show Its Hybrid
Greentech Media submits: The real news in electric vehicles last week was the official unveiling of the hybrid version of the Ferrari 599 GTB Fiorano (FIATY.PK) (as reported by All Cars Electric). The 599 in the model name refers to the 620 horsepower 5.99 liter V-12 engine, now augmented by an electric motor, a lithium-ion battery pack and a flywheel-powered Kinetic Energy Recovery System (KERS). The hybrid development was spurred by the cry of cash-strapped Ferrari owners trying to get a few more miles per gallon. And this Ferrari delivers -- with 11.75 miles per gallon, up from the usual 8.7 miles per gallon. The masters of Maranello strike again.Complete Story » seekingalpha.com |
Automaker Opportunity: Honda
Michael Michaud submits: The Market Outlook This Week Good Friday is the big USA unemployment numbers report with the equity market closed. Some are expecting job growth last month. Some of the forecasts are anywhere from 200,000 to 300,000 increase. The market sure seems to have it priced in already. A positive number here could keep the market moving up, and a negative number could be a let down and create selling pressure on stocks next week. Greece and Dubai are still in focus with their debt problems. I wouldn’t be surprised if the US Dollar took a breather correction this week with its big up moves from last week.Complete Story » seekingalpha.com |
Toyota's Next Move
Gad Allon submits: by Martin LariviereThis week brought some possible good news for Toyota (TM). The Wall Street Journal reports that the Transportation Department has studied data from a number of Toyotas involved in crashes that supposedly were caused by sudden acceleration and found that “throttles were wide open and the brakes weren’t engaged at the time of the crash” (Early Tests Pin Toyota Accidents on Drivers, Jul 14). That suggests that these crashes were due to human error and not faulty product. The appropriate question then is not “what did Toyota screw up?” but “should dad still be driving?”.Complete Story » seekingalpha.com |
Rail Traffic at Its Highest Level Since 2008
Mark J. Perry submits: WASHINGTON , D.C. – Sept. 2, 2010 – "The Association of American Railroads (AAR) today reported weekly rail traffic continues to set records with U.S. railroads posting their highest numbers for 2010 in both rail carloads and intermodal volume for the week ending Aug. 28. U.S. railroads originated 302,358 carloads for the week, up 5.8 percent compared with the same week in 2009 and intermodal traffic totaled 237,194 trailers and containers, up 17.1 percent from the same week in 2009 (see charts above). Compared with the same week in 2009, container volume, a subset of intermodal, increased 18.1 percent and trailer volume rose 11.4 percent." Other highlights include: 1. This is the 33rd consecutive week in 2010 that intermodal volume is above the same week in 2009, with 24 of those weeks being double-digit percentage gains. Complete Story » seekingalpha.com |