TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| All Aboard the Railroad Revival Frank Holmes submits:President Obama is asking for $13 billion for a high-speed passenger rail system, saying its creation “will lead to innovations that change the way we travel in America.” Complete Story » seekingalpha.com |
Update on Fiat's Short Base After Supreme Court Decision Jessica Johnson submits:A group of three Indiana pension funds asked the Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal. The request, which moves the legal battle to the highest court in the United States, was filed after a U.S. appeals court in New York approved Chrysler's sale to a group led by Fiat (FIATY.PK). Italian car maker Fiat is currently trying to strike deals to enhance its value, however it has recently pulled out of talks to buy GM Europe. The short base (as measured by Percent Shares Outstanding on Loan) for Fiat currently stands at 6.83%. Fiat's share price has seen an increase of 87% in the last 3 months. However Utilisation (the measure of supply and demand in the securities lending market) has fluctuated between 50% and 26% and Fiat still remains Europe's most heavily-borrowed car manufacturer as measured by shares outstanding on loan.Complete Story » seekingalpha.com |
Ford Is Back to Profitability with Improved Mileage John Addison submits:Ford (F) has returned to profitability, benefiting from increased market share which is the likely result of improved mileage. Ford earned almost $2.4 billion for the quarter, but it was the result of a large one-time gain associated with the debt reduction actions completed in April. The pre-tax operating losses were $424 million; an improvement of $609 million from year-ago results.Complete Story » seekingalpha.com |
Cash 4 Clunkers and the Law of Unintended Consequences Todd Sullivan submits: This is what happens when gov’t meddles in the market. Now, I am torn because C4C did help our AutoNation (AN) holding. But I fear its effect will be short term and leave potential buyers of new cars sitting, waiting for the next gov’t program before they go buy. Basically a short term gain and detrimental longer term effects. Anyway, the ugly result… From the WSJ:Complete Story » seekingalpha.com |
Backlog of Flight Delays After Computer Problems The glitch in the system that feeds flight plans to air traffic controllers, which also failed in August 2008, snarled thousands of flights in the eastern U.S. nytimes.com |