TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Chinese Iron Ore Purchases No Longer the Only Driver to the Baltic Dry Index Individual Global Investor submits:In the two months since I discussed the Baltic Dry Index (BDI), the index has rebounded strongly including having set new 12 month highs in the past week. Through much of 2009, the story of the Baltic Dry Index has been one of Chinese iron ore purchases. Recently, in a positive sign for the real economy, other factors are starting to play a role. As we will see below these Chinese purchases have not abated and remain a key factor. To that factor, though, we can add two more. One big question on investors mines recently is how much of the market activity reflects true improvements in the real economy and how much is simply a result of cheap money flowing around the globe creating asset bubbles. Unlike indices that track asset markets of equities and real estate or recently popularized asset markets of oil and gold, the Baltic Dry Index reflects activity in the real economy. The index tracks rates for dry goods shipped in bulk around the globe. For a detailed explanation of the index please see my article from September.Complete Story » seekingalpha.com |
GOL: Well Positioned in Latin America Zacks.com submits: GOL Linhas Aereas Inteligentes S.A. (GOL), the largest low-cost airline in Latin America, has announced its preliminary traffic figures for February 2010.During the month, total passenger traffic grew 46.9% over the same period last year, fueled by 47.9% growth in the domestic market and 40.3% growth in the international market. The improvement came from economic growth in Brazil and Latin America, and the expansion of GOL's competitive advantages, especially its cost structure, exemplary service, dynamic fare management and the revitalization of the SMILES program.Complete Story » seekingalpha.com |
Asbury Automotive Group Inc. Q1 2010 Earnings Call Transcript Asbury Automotive Group Inc. (ABG)Q1 2010 Earnings Conference CallApril 29, 2010 10:00 AM ETComplete Story » seekingalpha.com |
Revisiting Burlington Northern's Plans for Capex Ravi Nagarajan submits:As we discussed last week in our coverage of Berkshire Hathaway’s (BRK.A) second quarter results, the company’s newly acquired railroad subsidiary posted improved results for the quarter. Burlington Northern Santa Fe (BNI) posted net earnings of $603 million on revenues of $4,094 million. Since the consolidation of Burlington Northern at the close of the acquisition on February 12, 2010, the company has posted net earnings of $885 million on revenues of $6,167 million. Revenues for the second quarter were 23 percent higher than revenues for the second quarter of 2009, reflecting the sharp improvement in economic conditions since the depths of the recession. In this article, we will focus on Burlington Northern’s somewhat surprising $250 million dividend payment to Berkshire Hathaway in the second quarter and what meaning this has, if any, on plans for future capital expenditures. Controversy Regarding AcquisitionComplete Story » seekingalpha.com |
Ford Motor Q3 2010 Earnings Call Transcript Ford Motor (F)Q3 2010 Earnings CallOctober 26, 2010 9:00 am ETComplete Story » seekingalpha.com |