TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Death of Shipping and BDI Is Premature In August and September the outlook for shipping and dry bulk shipping rates, was very poor even while the stock market surged up in September. This resulted in more articles predicting Stock market doom. But in October the rate has moved up, as world trade in the Atlantic is improving. The rate has moved up about 30% .Complete Story » seekingalpha.com |
January Auto Industry Update: Toyota's Brakes Also Stick; Ford Leads the Way Again Wall Street Strategies submits:by David SilverThe year got off to an interesting start for the auto industry with Toyota (TM), Honda (HMC), and even Ford (F) announcing recalls. The biggest news however, came from Toyota, which announced that it would stop selling eight of its top brands including the Camry, Corolla, and Tundra in North America as well as stop production following a recall of more than 3 million vehicles.Complete Story » seekingalpha.com |
Ford Reports Best Monthly Sales Increase in Over 25 Years The Good News Economist submits: On Thursday, the Ford Motor Co (F), said gross sales rose 43% in March. The increase -- which mirrored (yet surpassed) a similar gain in February -- had Ford registering the highest monthly sales increase since February 1984. Other auto business is also up. GM reported a 43% increase. Toyota (TM) said unit sales are up 41%. And Honda (HMC) reported a 22% increase. "We saw incentives rise and prices fall at some of our competitors," said Ken Czubay, vice president of U.S. marketing for Ford. Ford wants to limit its incentives to models that directly compete with Toyota, such as its Fusion mid-sized car, which competes with Toyota's Camry, and the Ford Focus, which is a rival to the Toyota Corolla.Complete Story » seekingalpha.com |
The Icelandic Plume The smoldering volcano in Iceland has brought huge disruptions to travel, with immense economic costs. It has also brought a visceral awareness of our interconnected world. nytimes.com |
FedEx Expects 'Slower Growth' Going Forward Cullen Roche submits: There were many interesting takeaways from FedEx’s (FDX) Q2 conference call this morning. FedEx is an important barometer of global economic health as they serve as one of the few transports that truly reaches all segments of the global economy. Their outlook for the economy can really be summed up by two different comments made on the call. CEO Fred Smith told analysts: We expect a phase of somewhat slower economic growth going forward. Slower growth is consistent with historic business cycles.Complete Story » seekingalpha.com |