TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Rail Traffic Data: Still Recessionary The latest rail freight data is not quick to validate Warren Buffett’s “all in” wager on the U.S. economy. The latest data shows another steep annual year over year decline despite vastly improving comps (the economy was spiraling to its end at this time last year if you recall). We should be seeing positive year over year improvements in this data based on the optimism regarding the recovery, however, the data continues to come in down double digits. Carloads were down 13.7% while intermodal traffic was down 15.5%. Albert Edwards is quick to note that the seasonally adjusted data is showing signs of a stall (thanks to ZH):Complete Story » seekingalpha.com |
Farallon Stays the Course with 9.9% Stake in FreightCar America Market Folly submits:Thomas Steyer's hedge fund Farallon Capital has filed an amended 13G with the SEC on shares of FreightCar America (RAIL). Farallon is now showing a 9.9% ownership stake with an aggregate of 1,180,000 shares. While this is an increase from the 6.2% Farallon stake we covered back in March of 2009, Farallon has not added shares since September 30th, 2009. Its 13F filing (which details positions as of Sept. 30th) shows the same share total of 1,180,000. So, nothing really new to report here other than the fact that Farallon still owns RAIL. Recent activity out of Farallon includes the fund selling shares of Knology (KNOL) and adding to its Beacon Roofing position (BECN).Taken from Google Finance:Complete Story » seekingalpha.com |
220 Billion New Reasons to Be a Plug-in Vehicle Skeptic John Petersen submits:On April 8th the Electrification Coalition, a recently formed industrial lobby comprised of top-level executives from Cisco Systems (CSCO), Aerovironment (AVAV), NRG Energy (NRG), Rockwood Holdings (ROC), Nissan Motors (NSANY.PK), FedEx (FDX), A123 Systems (AONE) and a gaggle of private companies released a slick but wholly unenlightening white paper titled, "Economic Impact of the Electrification Roadmap."I haven't seen so many finely sculpted curves and unspoken assumptions since the tax shelter forecasts of the early-80s. The only clear message is that electric drive will be little more than a footnote in automotive history unless the powers that be agree to provide $121.1 billion in direct subsidies and incur another $100 billion in unspecified budget deficits over the next decade. Then, if everything goes according to plan and nobody develops a better personal transportation alternative, we can start thinking in terms of cost recovery and potential benefit to society.Complete Story » seekingalpha.com |
Is There an Open Road Ahead for Automakers? Morningstar submits: By David Whiston U.S. auto sales have recently rebounded from lows not seen in decades. Despite the recovery, automakers still have plenty of issues to deal with over the coming years. Below we discuss light-vehicle sales and where we think they are going, challenges from new fuel-efficiency rules and the industry's excess capacity, and then close with our thoughts on some of our OEM names including ones that are getting cheap.Complete Story » seekingalpha.com |
Delta Expects Q3 Revenue to Rise on Strong Demand Trefis submits: Delta Air Lines Inc. (DAL), the second largest airline, expects third quarter unit revenue to rise on recovering travel demand. The demand for air travel has been growing better than expected. September traffic, measured in billions of revenue passenger miles, rose 6.5% year over year on 6.6% capacity increase and stable load factor (the percentage of seats filled). Revenue passenger miles is the revenue generated for every mile a passenger flies. The economic downturn in 2009 and the oil price hike in 2008 had affected the airline industry during the past two years. Now, with an economic resurgence, demand for air travel is increasing from last year’s depressed levels.Complete Story » seekingalpha.com |