TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Will Green Cars Make Detroit Profitable? Tom Lindmark submits:Doug MacEachern asked a pretty important question in an opinion piece yesterday. He wants the Obama administration to declare its intentions with regard to its car company ownership.They will have to declare a goal.Complete Story » seekingalpha.com |
Third Quarter Auto Production Expected to Boost U.S. GDP Edward Harrison submits:Apparently, the U.S. auto industry is working off a significant backlog of inventory because I have been hearing that pretty much everyone in North America is planning to ramp up production for the third quarter. This is prima facie evidence of the huge inventory-based production changes which I have said will make Q3 and Q4 look much better than Q1 and Q2. In April, in my post “The Fake Recovery,” I said: Obviously, this means that U.S. Q1 and perhaps even Q2 GDP will be very low due to the subtraction of inventories now being purged. However, when we get to Q3 and Q4, this effect will be gone and quarterly and yearly comparisons will look favourable. So the inventory purge may mean a huge upside surprise to GDP in the second half of the year and early 2010 – potentially enough to see positive GDP numbers.Complete Story » seekingalpha.com |
On Air Canada Caution Remains FP Trading Desk submits: Despite announcing plans to improve its balance sheet by C$500-million over the next three years, the Street remains cautious on the long-term prospects of Air Canada (AIDIF.PK).In recent weeks, the carrier has managed to negotiate a 21-month moratorium on part of its pension obligations and extension on its current labour contracts, in addition to raising more than $1-billion in additional liquidity.Complete Story » seekingalpha.com |
AutoNation: Riding Out Lower Volume Zacks.com submits: AutoNation (AN) has revealed a 44% rise in profits to $65 million or 36 cents per share in the third quarter from $44 million or 25 cents per share in the year-ago quarter. (See earnings call transcript.) With this, the largest automotive retailer in the U.S. has inched past the Zacks Consensus Estimate of 35 cents per share. Despite lower new vehicle industry volume, the retailer benefited (especially in the Domestic and Import segments) primarily from “Cash for Clunkers” cash incentive vehicle-exchange program. The program, launched by the U.S. Government in late July and open for a month, succeeded in attracting a large number of consumers to the retailer’s showrooms. It aided the retailer’s results for the latest quarter by 7 cents per share.Complete Story » seekingalpha.com |
Five Foreign Airlines to Watch in 2010 David Hunkar submits: On December 29, 2009 The Wall Street Journal carried an article titled "Brazilian Airline TAM Banks on Growth From New Fliers” that discussed the growth potential of TAM (TAM) and the airline industry in Brazil. TAM SA, the leading Brazilian airline, expects the domestic market to grow by 12% next year due to the continued growth of the Brazilian economy. The airline is implementing an innovative solution to attract first time-fliers by partnering with banks where customers can put down a low down payment and buy a ticket. The balance of the ticket cost is to be paid in monthly installments at the bank. This strategy of convenient payment option for purchasing tickets was originally developed by TAM’s competitor GOL (GOL) four years ago. Since the majority of Brazilians still travel long distances by bus, TAM’s latest strategy may increase its market share and earnings in the coming years. Gol’s easy payment option has so far attracted some 1.8 million members.Complete Story » seekingalpha.com |