TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Weak Economy Drags Down Air Traffic The weak economy and deflationary trends are perhaps no more obvious in any part of the economy than they are in the airline and air cargo industries. The Air Transport Association reported the 14th consecutive declining month of cargo volumes for the month of October. Passenger revenue declined 15% year over year despite the 11th consecutive month of price reductions. Strong economy? Inflationary trends? Not in this part of the economy. The ATA reports: The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today reported that passenger revenue, based on a sample group of carriers,[1] fell 15 percent in October 2009 versus the same month in 2008. This marks the 12th consecutive month in which passenger revenue has declined from the prior year, fueled primarily by the 11th consecutive month of ticket price declines.Complete Story » seekingalpha.com |
FedEx's Inside View of the Long Term U.S. Economy Michael Panzner submits: Since hitting their lows last March, FedEx (FDX) shares have rallied more than 150 percent and are not far off their 2009 highs. Given that equity investors are supposedly able to anticipate the future, that must mean things are looking up for America's premier transportation and logistics company.Complete Story » seekingalpha.com |
United and Continental: Set for Take-Off, Part 2 Vaughn Cordle submits:<<Return to Part 1By Vaughn Cordle, Paul Mifsud and Carlos Bonilla Without consolidation, five separate weakened network carriers will be unlikely to accommodate the higher industry costs we project by 2014:Complete Story » seekingalpha.com |
Ford: Doing Enough to Lure Investors Back to the U.S. Auto Industry? Michael Moretto submits: I have been bullish on Ford (F) since GM and Chrysler got bailed out by the government. From a pure company fundamentals perspective I stand corrected, however from a share price perspective it’s a mixed bag and that’s the topic for this article. The company has produced outstanding sales numbers compared to previous years. It has two highly anticipated cars coming to North America in the next year the European Fiesta and Focus. When one compares the existing North American Focus and the UK version there is no comparison; having driven both all I can say is that the UK version should sway a lot of hatchback and hot-hatch buyers over to the Focus.Complete Story » seekingalpha.com |
Ford's Drive Towards an Investment Grade Credit Rating World Market Pulse submits:Even as Ford's (F) impressive quarter underlined the company’s strong fundamentals, it was also offering a case that the automobile sector could very well be back on track as far as domestic sales in the United States was concerned. Now, after an impressive IPO by GM boosted incredible interest in the automobile sector, Ford has put its plans of moving towards an investment-grade credit rating by cutting out its debt and borrowing costs in top gear. Ford Debt Cutting Spree: Ford Motor Corporation, meanwhile, expects to be solidly profitable this year, as the company repaid $2 billion of debt in the third quarter and analysts expect the company to pay off a debt to an union retiree healthcare trust fund later this week. The company has also launched an offer to encourage holders of two issues of its convertible notes to exchange them for shares, in an effort to further reduce its debt. According to the company launched offers, holders of its convertible 4.25 percent notes due in 2016 and 2036 would receive cash premiums to convert the notes to Ford common stock while the offerings would not change the share count used to calculate diluted earnings per share.Complete Story » seekingalpha.com |