TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Administration Official: Chrysler Bankruptcy Could Last Two Years Tyler Durden submits: And so the backpedaling begins. Bloomberg quotes an administration official who has stated that the D-3's "bankruptcy might take as long as two years, not the two months President Barack Obama suggested as a target."As expected, the only thing that will likely get done in the projected 60 day timeframe is the sale of "good Chrysler" to Fiat, which is now essentially a certainty, as the non-TARP holdouts have disbanded and there is no formal opposition to the 363 sale anymore. Yet the "bad Chrysler" that remains will be a melange of assets, liabilities, claims and contracts that will take years to sift through.Complete Story » seekingalpha.com |
Rewarding the Ecologically Irresponsible with Taxpayer Dollars Scott's Investments submits:Jon Markman breaks down the "Cash for Clunkers" bill now in Congress. One point I haven't seen made is what this may do the market for used vehicles that guzzle gas. What would stop me from overpaying Joe-Six-Pack for a gas-guzzler that today is only worth $500, but if the proposed bill becomes law would qualify me for a $3500-$4500 voucher? I could then turn around and trade it into a dealership in order to buy a new car and receive a voucher. Suddenly, the market for $500 clunkers becomes a lot hotter....how does $3400 sound for that 1990 Ford Ranger? This bill seems like a complete waste of time, rewarding people who have been the most ecologically irresponsible through taxpayer subsidies. The money for these type of programs comes from somewhere us. If we really wanted to spend this type of money to boost GDP, why not cut all taxpayers a check instead of arbitrarily rewarding a select few? And if we really want to promote more fuel efficient vehicles, wouldn't a higher gas tax coupled with a rebate check or income tax cut--which could be weighted towards ALL lower income earners (not just the pickup drivers) in case they do not have the money to upgrade their gas-guzzler--be more efficent?Complete Story » seekingalpha.com |
Why GM Stock Is Still a Bad Idea TheCarConnection.com submits: By RIchard ReadProving once again that greed and idiocy often go hand in hand, federal regulators have revealed that investors are still plowing money into General Motors stock -- the only problem being that the General Motors in which they're investing is technically Motors Liquidation Company, aka "Bad GM". What we think of as "Good GM" is now General Motors Company, which is not publicly traded. (Yet.)Complete Story » seekingalpha.com |
Hub Group Inc. Q3 2009 Earnings Call Transcript Hub Group Inc. (HUBG)Q3 2009 Earnings CallOctober 21, 2009 5:00 pm ETComplete Story » seekingalpha.com |
CSX Beats on Earnings, Misses on Revenues Wall Street Cheat Sheet submits: by David GibbsTransportation bellwether CSX reported better than expected earnings Tuesday after the bell. Q4 earnings came in at $0.77 / share, beating estimates by $0.01. Revenues, however, fell 13% year over year to a grand total of $2.3 billion, falling short of the analysts' $2.39 billion consensus. Shares are trading down more than 3% during the after-hours session. Improvement in the economy is expected to help companies like CSX, and the total volume tally for Q4 seemed to buoy those expectations. Volume fell 7% year over year, the narrowest year over year drop for any quarter last year. Still, lower coal and merchandise shipments weigh on CSX’s ability to grow revenues at a faster rate. Complete Story » seekingalpha.com |