TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Preview from Europe: Markets Slide on Negative News The Mole submits: Unadulterated risk aversion returned Monday. The day started with the news the U.S. had rejected proposals for auto industry rehab, moved on to a vicious fall in Japanese industrial production but then the mood was briefly lifted by an increase in U.K. mortgage approvals.However markets descended back into gloom as Ireland was downgraded by S&P (it was a case of when not if), then focused on the woes of the U.S. auto industry with [[GM]] now equated with Gimme Money or Government Motors and finished by looking at the ever deeper quagmire that [[AIG]] are in. Somewhere in the middle of all this, ECB President Trichet failed to rule out buying corporate bonds though helicopter Jean Claude doesn’t sound quite right. But any dim hope of a meaningful policy move by this week’s G20 faded away. There is even chat that the ever excitable Mr. Sarkozy may walk out of the G20 love-in if he doesn’t get his way on regulatory reform.Complete Story » seekingalpha.com |
More Money Pouring into Automotive Black Hole Tom Lindmark submits:The black hole also known as the auto industry is about to suck in some more of your money.According to Reuters, the Treasury Department is ready to commit an additional $7.5 billion to GMAC. You may recall that the stress test indicated that GMAC needed an additional $11.5 billion, so this looks like the first tranche. It’s probably safe to assume that GMAC couldn’t persuade any private investors to pony up. Based on the successful capital raising efforts of other banks, there would appear to be lots of private equity interested in financial services companies so the fact that the government is the only player with regard to GMAC probably tells you all you need to know about the value of this investment.Complete Story » seekingalpha.com |
Swapping CSX for UPS Stone Fox Capital submits:For transporters, the cost of gas will be a 'driving' force in future profits and the ability to transport more commodities and less retail products will be beneficial. For that fact, we have decided to swap shares in [[UPS]] for a bigger focus on [[CSX]]. Both were favorites of the NetPayout Yield Portfolio for decent dividends and a history of buybacks.Unfortunately for UPS whether public perception or reality, the cost of fuel will likely continue to hinder the amount of products shipped going forward. Even if it doesn't, its likely to hold the price of the stock down and competition with FedEx (FDX) and USPS is likely to hold down profit growth regardless. Not to mention that legal documents that used to be delivered via Express services will likely move to a sort of digital format reducing the need for UPS services because it can be done cheaper and is more economical and even greener.Complete Story » seekingalpha.com |
GM Extends Its eBay Partnership - But Why? TheCarConnection.com submits: By Richard ReadWhen General Motors emerged from bankruptcy on July 10, the company's newly reinstalled PR man, Bob Lutz, made several important announcements. Among them: GM had begun partnership with eBay (EBAY), which would offer customers the opportunity to bid on and purchase vehicles through the popular auction website. That intrigued many buyers and many in the industry -- the only problem being that eBay said the arrangement wasn't a done deal.Complete Story » seekingalpha.com |
Goodyear Tire & Rubber Company Q3 2009 Earnings Call Transcript Goodyear Tire & Rubber Company (GT)Q3 2009 Earnings CallOctober 28, 2009 10:00 am ETComplete Story » seekingalpha.com |