TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Trinity Industries Inc. Q3 2009 Earnings Call Transcript Trinity Industries Inc. (TRN)Q3 2009 Earnings Call TranscriptOctober 29, 2009 11:00 am ETComplete Story » seekingalpha.com |
Maritime Analyst: All Is Not Doom and Gloom for Tankers Old Trader submits:Wednesday, Bloomberg TV's "Taking Stock" program had Ms. Natasha Boyden, a maritime analyst with Cantor Fitzgerald, as a guest.Speaking about the use of tankers as "floating storage", she said that there are currently 120 tankers being used in that fashion. As that oil inventory is off-loaded, that means there's a HELLUVA lot of tonnage that would be available for charter, which certainly wouldn't bode well for rates.Complete Story » seekingalpha.com |
Rising Shipping Rates: Another Sign of Recovery Calafia Beach Pundit submits: For background on this relatively obscure index of shipping costs in the North Atlantic, see here and here. After spending a year at extremely depressed levels, it is now up over 20% from its year-end '09 lows as of last week. I don't know enough about this to say that it's hugely important, but it can't be bad news, of that I'm pretty sure. The strength in the index also makes sense in the context of the ongoing signs of recovery in the US and most other economies around the world.Complete Story » seekingalpha.com |
Global Shipping: Heading for Choppy Seas? Tom Lydon submits: Dry bulk shippers and tanker companies have been feeling the heat as demand for their services has tumbled. Despite a nice July rally in equities, shipping stocks and related ETFs may still have to endure a long period of suffering. A lot of things are not going well for shipping companies. China, one the largest importers of raw materials, decided to curb its economic growth, and many dry bulk shippers are based out in Greece, which is an association no company wants to have.Complete Story » seekingalpha.com |
Driving With the Parking Brake: Notes on General Motors Wall Street Strategies submits:by David SilverGeneral Motor's new CEO, Dan Akerson said that it could take several years for the 61% government stake in General Motors to be completely liquidated. Former CEO and current Chairman Ed Whitacre voiced, throughout the year he ran the iconic auto maker that he hoped to reduce the government's stake as quickly as possible. Mr. Akerson's comments seem very much like a warning, trying to tell investors that the government is going to be a large shareholder for a long time. The U.S. tax payer owns 61% of General Motors and hopes are that it will lessen its stake below 50% when the company IPO's later this year.Complete Story » seekingalpha.com |