| Signs of Life from Canadian Railroads Mark McQueen (Wellington Financial) submits: More good economic news coming from the Canadian railroads, according to a report out from Raymond James’ equity research railroad analyst:Railroad freight volumes have bottomed and are on the road to recovery, in our view, suggesting the industry is poised to enjoy a healthy tailwind alongside a gradual improvement in the North American (N.A.) and global economies. While still down sharply yoy (17.3%), freight and intermodal carload originations have shown steady improvement after struggling to find a bottom during the final weeks of May. Specifically, we note that North American (N.A.) volumes have risen by approximately 20.0% over the past four months, an impressive updraft by most accounts. Moreover, a closely watched basket of leading economic indicators continues to support this improving trend, which we view as encouraging.Complete Story » seekingalpha.com |
Boeing Signs U.S Army Deal for Chinook Helicopters Zacks.com submits: Boeing Co. (BA) booked a $704.4 million U.S. Army contract to build 21 new and 14 remanufactured CH-47F Chinook helicopters. Earlier, the British Ministry of Defense said it will buy 22 new Chinook helicopters to supplement its operations in Afghanistan. These apart, two more Chinook deals are pending clearance from the U.S. Congress. The United Arab Emirates and Turkey have asked for 16 and 14 Chinook’s respectively. The deals are tentatively priced at $2 billion and $1.2 billion, respectively.Complete Story » seekingalpha.com |
British Airways to Buy Sustainable Jet Fuel Made From London Trash British Airways (BAIRY.PK), in partnership with the US company Solena Group, announced plans to establish Europe's first sustainable jet-fuel plant and plans to use the low-carbon fuel to power part of its fleet from 2014.The new fuel will be derived from waste biomass destined for London landfills.Complete Story » seekingalpha.com |
Moody’s Upgrades Global Auto Industry to Positive From Stable on Higher Sales Forecast Research Recap submits: Moody’s Investors Service has raised its outlook for the global automotive industry to positive from stable. Today’s change in the industry-wide outlook was prompted by Moody’s view that trends in volumes, demand and prices in the auto industry have recovered faster than the rating agency had anticipated earlier in the year. “Indeed, volumes in China and Brazil in particular have improved, and western Europe is holding up better than expected so far,” says Falk Frey, Senior Vice President in Moody’s Corporate Finance Group. “Moreover, the US is on track toward recovery and Japan continues to benefit from incentives,” Mr. Frey adds.Complete Story » seekingalpha.com |
Asbury Automotive Group, Inc. Q2 2010 Earnings Call Transcript Asbury Automotive Group, Inc. (ABG)Q2 2010 Earnings Conference CallJuly 27, 2010 10:00 AM ETComplete Story » seekingalpha.com |