TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Global Shipping Industry Sees Long Duration Economic Recession Steven Hansen submits: Global shipping faced with overcapacity and inability to lower fixed costs, the delegates to the Sea Asia 2009 conference believe things will get much worse before they get better. Delegates included ship owners, industry trade groups (such as Baltic Dry), government trade groups, major logistics players, Port Authorities and shipping industry support groups. The overall consensus was that shipping was in a black swan mode. No industry members still alive have faced a global downturn before. They believe this crisis will last many years (five to be exact).Complete Story » seekingalpha.com |
Chrysler: A Sub Rosa by Any Other Name BoneYard submits:The latest news in the Chrysler drama was Justice Ruth Bader Ginsburg saying the bankruptcy judge's orders allowing the sale "are stayed pending further order" by her or by the Supreme Court. This is the event that most said would not happen. Likely it is an administrative extension so the court can determine whether Indiana's request has merits. Hopefully it will lead to the restoration of creditors rights.Many, including myself, have opined that the 363b sale is a sub rosa bankruptcy plan. For informational purposes, a "sub rosa plan" is a term that recognizes the effect that a Section 363 sale of assets can have on the DIP's reorganization efforts. In Chapter 11, creditors get certain protections as part of the Chapter 11 Plan confirmation process, including a formal disclosure statement, the right to vote on the Plan, and make legal objections to the proposed manner of distribution under the "absolute priority rule", etc. The sale of assets under Section 363 has rules and is done under bankruptcy court supervision, but it does not include all of the creditor protections that are part of the Plan confirmation process.Complete Story » seekingalpha.com |
Why I Believe Ford May Be a Hold, But Not a Buy VFC submits: Congratulations to shareholders of Ford Motor Company (F), who saw the value of their shares spike to over seven bucks after the company reported second quarter profits of $2.3 billion. That was nifty news for the one 'Big Three' American auto maker that did not go asking the government for a bailout. (Call Transcript)I don't own any shares of F, but if I was a shareholder, I'd be selling while the price was near seven dollars, unless I had a long term outlook with the stock in which case I would hold. But I wouldn't be buying right now.Complete Story » seekingalpha.com |
Going by Railcar Loadings, We're Stalled at a Crossing Brian Kelly submits:We would expect that of the economy were truly picking up steam (notice the foreshadowing) then railcar loadings would be climbing. Not only has total rail traffic failed to begin its seasonal upturn, loadings of crushed stone and lumber are falling. These are signs of an economy that is stalling.Complete Story » seekingalpha.com |
Itron, Comverge Test Plug-In Car Charging Control Greentech Media submits: By Jeff St. JohnAdd car-charging to the list of capabilities smart meter maker Itron (ITRI) and demand response provider Comverge (COMV) want to offer utilities.Complete Story » seekingalpha.com |