TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| UPS Q3: Beats Estimates Zacks.com submits: United Parcel Service Inc. (UPS) declared its fiscal third quarter results Thursday. Net income was $549 million or 55 cents per share, compared to a net income of $970 million or 96 cents in the prior-year quarter. However, EPS of 55 cents was better than the Zacks Consensus Estimate of 52 cents. Revenues stood at $11.2 billion, down 14.9% year over year. This was primarily due to the lower volume of parcel shipment as a result of the ongoing economic downturn. Operating profit was $929 million, down 43% year over year. Operating margin was 8.3% compared to 12.4% in the year-ago quarter. Consolidated volume of packages in the same quarter was 927 million, down 2.4% year-over-year. UPS ended the third quarter with $2.8 billion of cash and short-term investment. During the first nine months of fiscal 2009, the company generated $3.4 billion of free cash flow, paid $1.3 billion in dividend, invested $1.2 billion in capital expenditures, and repurchased 7.8 million of its own common share for a total consideration of $396 million.Complete Story » seekingalpha.com |
AMETEK Inc. Q4 2009 Earnings Call Transcript AMETEK Inc. (AME)Q4 2009 Earnings Call January 26, 2010 8:30 am ETComplete Story » seekingalpha.com |
Optimism Abounds at Ford John Lounsbury submits:Joe Leahy writes about optimism at Ford (F), due in part to Toyota's (TM) recall problems. According to the article, Ford recently returned to number one in sales for the US market for the first time in nearly 12 years.This report contradicts the March 2nd data published by the Wall Street Journal. According to Leahy, the February sales for Ford were 142,285 units. On March 2nd, the WSJ reported Ford's sales for February at 137,365 units, with GM at 141,438 and Toyota at 100,027 units. Presumably Ford has revised numbers, while GM, if there were revisions, did not change enough to hold on to first place in sales volume.Complete Story » seekingalpha.com |
Drop in Shipping Indicates Slowing Global Economy Daryl Montgomery submits: The Baltic Dry Index, a measure of international shipping rates for dry bulk cargoes, hit new lows for the year on Monday June 28th. The index has dropped sharply in the last month and is indicating that global manufacturing activity is experiencing a major slowdown.Shipping rates are very dependent on market demand (it takes a long time to build a large ship and to increase the supply of shipping capacity) and will rise and fall sharply in response to it. The Baltic Dry Index is a daily record of costs to ship goods such as building materials, coal, metallic ores and grains. Oil and natural gas are not included in the index. Many of the products that are included are used as inputs somewhere in the manufacturing pipeline.Complete Story » seekingalpha.com |
Transportation, Emissions, Biofuels and Whiskey Dian L. Chu submits: A new report released by the Carbon Disclosure Project notes that globally, 98% of transportation runs on fuel made from oil. The transportation sector is responsible for almost 60% of oil consumption in OECD countries. This heavy dependence on oil has resulted in the transportation sector generating 13% of total global emissions, compared to 26% from the power sector and 14% from agriculture (Fig. 1, click to enlarge). And out of all the modes of transportation, road vehicles generate the lion's share of the transportation sector’s total contribution to CO2 emissions --approximately 80% (Fig. 2, click to enlarge).Complete Story » seekingalpha.com |