TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Why I Sold Freightcar America Alex Bossert submits:I recently sold Freightcar America (RAIL) for $35.51 per share. FCA was a mistake that I held onto because I felt that it became really cheap over the past year. One thing that I noticed in the most recent annual report is that FCA’s market share declined from 81% a few years ago to 70% last year. A few other rail car manufacturers are starting to get into the market. One big risk is when the coal railcar industry does well, it's easy for the major players to enter the market and take market share away from FCA.One of my reasons for investing was that FCA benefited from the growing shipments of coal in the United States and shipments internationally. We have more energy units in coal reserves than Saudi Arabia has in oil. Coal is also the cheapest source of power. Even with the harmful environmental consequences of current coal fired power plants, many countries have already developed clean coal technology. However, FCA is not a good way to play the future prospects of coal. The best way would be to buy the major rail operators such as Union Pacific (UNP) or Burlington Northern (BNI) (now being acquired by Berkshire Hathaway (BRK.A)). Railroads are 4 times as efficient as trucks and it's nearly impossible to lay down more tracks. So there is no threat of competition. Railroads are a royalty on consumption and energy use. Railroads are a much better way to play coal then FCA.Complete Story » seekingalpha.com |
Toyota Recalls: What's an Acceptable Rate of Failure for Auto Electronics? Larry Dignan (ZDNet) submits: I listened to a Congressional hearing over the Toyota (TM) recall and thought I stumbled into a discussion about tech hurdles like change management, patch day and other wonky topics. Let’s rev our engines for patch days for your cars. Are smarter cars really worth the hassle?Complete Story » seekingalpha.com |
Continental Airlines Q1 2010 Earnings Call Transcript Continental Airlines (CAL) Q1 2010 Earnings CallApril 22, 2010 10:30 AM ESTComplete Story » seekingalpha.com |
Modine Manufacturing Co. Q1 F2011 Earnings Conference Call Transcript Modine Manufacturing Co., (MOD)Q1 F2011 Earnings CallJuly 29, 2010 11:30 am ETComplete Story » seekingalpha.com |
Earnings Preview: Delta Air Lines theflyonthewall.com submits: Delta Air Lines (DAL) is expected to report Q3 earnings on Wednesday, October 20 before the market open with a conference call scheduled for 10:00 am ET. GuidanceAnalysts are looking for EPS of 94c on revenue of $8.82B. The consensus range is 87c-$1.01 for EPS, and $8.77B-$8.88B for revenue, according to First Call. On its Q2 earnings report, Delta beat EPS, but narrowly missed revenue estimates. Investors will be looking for the company to beat on both the top and bottom line this quarter. Recent sentiment has been mixed as traffic has been gradually increasing during the quarter. July traffic was up 0.5%, while August and September traffic showed increases of 1.1% and 6.5% respectively. A positive article in the LA Times from August noted that the U.S. airline industry was showing signs of recovery. Complete Story » seekingalpha.com |