TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Trying to Understand Airline Executive Compensation Robert Herbst submits:In 2008, while the 5 remaining legacy airlines lost a cumulative $4.6 billion (excludes special charges), the 25 top executives collectively received over $90 million in compensation, averaging over $3.6 million per executive. The legacy airlines are: American (AMR), Delta (DAL), United (UAUA), Continental (CAL) and US Airways (LCC).Complete Story » seekingalpha.com |
'Bird in the Hand' Investment Opportunities in Vehicle Electrification John Petersen submits:Since I'm frequently chastised for holding old fashioned views when it comes to vehicle electrification, I'll start this article by quoting one of the oldest known versions of a common English proverb, "A byrd in hand - is worth ten flye at large." While this theme is not always clear in my writing, it's never far from my thoughts. In fact it's the foundation of my conviction that manufacturers of cheap energy storage products are better investments than developers of cool energy storage products and batteries are great at minimizing waste but miserable at replacing fuel tanks. Just for this week, I'm going to take the debate down a notch and focus on what I see as a bird in the hand in the energy storage sector. I've written about new European standards that will require automakers to reduce CO2 tailpipe emissions to 130 g/km by 2015. I've also written about new U.S. CAFE standards that will require automakers to achieve an average fuel economy of 35.5 mpg by 2016. While I've never written about the rest of the world, many governments are jumping on the bandwagon and adopting emission standards based on the European model. The following chart from Tenneco (TEN), a global leader in automotive fuel efficiency and emission control systems, provides a summary overview of the current global regulatory landscape.Complete Story » seekingalpha.com |
American Railcar Industries, Inc. Q1 2010 Earnings Call Transcript American Railcar Industries, Inc. (ARII)Q1 2010 Earnings CallApril 29, 2010 10:00 a.m. ETComplete Story » seekingalpha.com |
Monday ETF Wrap-Up: UNG Continues Slide, IYT Soars ETF Database submits: Equity markets rose modestly to start the week, with the Nasdaq leading the way on the upside by posting gains of nearly 0.8% on the day. Commodities were mixed, with gold maintaining its $1,200/oz. price level and oil surging higher to $81.50/bbl. as investors remained cautious ahead of the Federal Reserve policy meeting tomorrow afternoon. Volume on the NYSE was extremely light; only 380.1 million shares changed hands, one of the lowest levels of the year. Many will be looking for the Bank to inject more money into the economy in order to attempt to stop a slide into a double dip recession, which appears more likely than ever. This will put all eyes on Fed Chair Ben Bernanke, he could signal more intervention into the economy. It remains to be seen if such an initiative would take the form of buying Treasury bonds, mortgage-backed securities, or some other unconventional program altogether. “It’s all about tomorrow,” said Joe Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J. “The market loves stimulus. The market wants stimulus.” The ETFdb 60 Index, a benchmark measuring the performance of asset classes available through ETFs, closed higher by 3.15 points, or 0.3%. Trading volume was once again on the light side as the summer slowdown continued.Complete Story » seekingalpha.com |
Ford's Impressive Quarter Trader Mark submits:I continue to believe Americans are not appreciating the massive restructuring that has happened in the auto sector. To this end I've been using a few auto suppliers for exposure to the sector, but today - upon further reflection and an impressive quarter - I am adding Ford (F).Take a step back and think who - outside of a handful of young tech companies - have had the best prospects the past few quarters. It is multinational companies who can arbitrage labor costs, sell to fast growing economies overseas, and benefit from government stimulus programs; either directly (Cash for Clunkers) or indirectly (U.S. government now providing 1 in 5.5 dollars of income for the average American, countless American households living in houses they don't bother to pay a mortgage on). [Oct 20, 2010: Eaton's Combination of Domestic Cost Cutting and Foreign Sales Display the Power of Multinational Industrials] [Oct 21, 2010: Caterpillar Scores with Now Redundant Playbook - Slash Domestic Labor + Emerging Market Growth = Mad Money] Ford and General Motors embody those trends.Complete Story » seekingalpha.com |