TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Railroad Stocks Steam Ahead on Buffett’s Buy of BNI Mike Havrilla submits:Railroad stocks are steaming ahead today on news that Warren Buffett will buy Burlington Northern (NYSE: BNI) as a bet on the recovery of the domestic and global economy as part of Berkshire Hathaway's (NYSE: BRK.A) largest acquisition ever. Berkshire previously owned over 22% of BNI and will also conduct a 50 : 1 split of his Company's Class B shares (NYSE: BRK.B). Buffett is also bullish on the railroad industry as a green form of fuel / cost-effective means for the transportation of goods as compared to other forms of transport such as roadway trucking.The ProActive Global Railroad Index (+4.3% today) is actively managed and tracks the performance of companies that derive either more than 50% OR $100 million of trailing 12-month revenue from any of the following activities: (1) passenger or freight rail transport services; (2) railcar and locomotive leasing; (3) railcar and locomotive fleet management; (4) rail infrastructure, railcar, locomotive, and railcar/locomotive component parts manufacturing; (5) railcar, locomotive, and component parts repair or refurbishment. The rally today among railroad stocks is helping to stem some of the recent losses experienced over the past three months, as illustrated on the accompanying chart.Complete Story » seekingalpha.com |
More Good News from Used Car Sales Calafia Beach Pundit submits: Here's an update to a chart I've shown several times in the past. I note the huge rebound in the prices of used cars following the recession-induced collapse of late 2008. As Manheim notes,Complete Story » seekingalpha.com |
EPA and NHTSA Predictions for Start-Stop Systems Strengthen My Position John Petersen submits:On April 1st the National Highway Traffic Safety Administration [NHTSA] and the Environmental Protection Agency [EPA] announced a joint final rule establishing fuel economy standards for all light duty vehicles sold in the United States. In my last article, I focused on the overall fuel efficiency improvements the new CAFE regulations will require. After spending a couple days reading and digesting the Final Rule Release, which runs to 1,469 pages, I've concluded that my initial optimism over the future of start-stop technology was understated. The Final Rule Release begins with several hundred pages of introductory materials that describe the key efficiency technologies automakers are expected to implement between now and September 2015. It describes start-stop as: Complete Story » seekingalpha.com |
Ford: Profits Improve on Strong Sales Zacks.com submits: Ford Motor Co. (F) posted a profit of $2.7 billion or 68 cents per share (before special items that include sales of Volvo cars, among other things) in the second quarter of the year, far outdoing the Zacks Consensus Estimate of 40 cents per share. The profit improved $3.34 billion from a loss of $638 million or 21 cents per share (before similar adjustments) in the second quarter of 2009.Sales in the quarter appreciated 17% to $31.3 billion, higher than the Zacks Consensus Estimate of $29.5 billion. Excluding sales of Volvo cars in 2009, sales surged 31%. This company’s strong results were attributable to better performance by its Automotive operations around the world, driven by strength of new products.Complete Story » seekingalpha.com |
Paccar Hikes Dividend 33% Zacks.com submits: PACCAR Inc. (PCAR) has declared a 33% rise in its quarterly dividend payment from 9 cents to 12 cents per share. The hiked dividend will be paid on December 6, 2010 to shareholders of record as of November 19, 2010. The management has asserted that the rise in dividend is mainly driven by the company’s impressive performance in the last two quarters.In the first half of the year, the company’s profit more than tripled to $167.9 million or 46 cents per share from $52.8 million or 14 cents per share in the same period a year ago. The improved results were attributable to stronger truck sales around the world, especially with the company’s DAF nameplates, as well as a rise in Financial Services profits.Complete Story » seekingalpha.com |