TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Burlington Northern Santa Fe Q1 2009 Earnings Call Transcript Burlington Northern Santa Fe Corp. (BNI)Q1 2009 Earnings CallApril 23, 2009 04:30 PM ETComplete Story » seekingalpha.com |
The Gurus and the Little-Known Shipping Metric John Reese submits:Time magazine recently had a piece on “the least known key economic indicator” — the Baltic Dry Index. The BDI, which is a measure of worldwide shipping rates, has “registered some eye-popping gains over the past month,” Time’s Jeff Israely writes. “The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006.” Daily rates for large “Capesize” ships that typically carry iron ore were at $93,197 last week, Israely notes; five months ago, they were a small fraction of that, sitting just above $2,000.Complete Story » seekingalpha.com |
Kirby Corp. Q2 2009 Earnings Call Transcript Kirby Corp. (KEX)Q2 2009 Earnings CallJuly 30, 2009; 11:00 am ETComplete Story » seekingalpha.com |
Bullish Predictions for Aerospace & Defense ETFs ETF Database submits: While there are great concerns about the Obama administration’s views towards military spending, many external threats seem unlikely to dissipate in the coming decade, meaning that the aerospace & defense sector may be one of the most stable American industries. Since military goods are among the few products that are still made primarily on American soil, many are looking to this sector to help American industry survive the current downturn. Moreover, U.S. allies such as Japan are looking to upgrade their defenses, a trend from which U.S. defense companies could benefit. There are several reasons to be bullish on the aerospace & defense sector. Boeing (BA) still has years of backlog for its 787 Dreamliner (despite the numerous delays). United Technologies (UTX) has seen strong demand for its engines and aircraft business lines. Should the dollar continue to decline, these products will become more in demand and become more affordable to businesses in emerging markets across the globe.Complete Story » seekingalpha.com |
Rail Traffic Slump Rolls On Rail traffic continues to decline despite very easy year over year comps.In a sure sign of tepid recovery, we continue to see improvement off the lows, but a still very meager traffic trends. A recovering economy would have no problem overcoming the very low levels of last fall, but we actually continue to see declines. Total intermodal traffic was down 6.4% versus 2008 and down a staggering 32% versus 2007. The recovery on Wall Street might be real, but it’s certainly not real on Main Street as these numbers clearly show. A few commodity groups are showing strong year over year climbs, but all data is still very weak compared to 2007. (Click to enlarge)Complete Story » seekingalpha.com |