TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Four Reasons Buffet's Buying Burlington Northern Warren Buffett agreed to buy Burlington Northern Santa Fe (BNI) for 34 Billion in Cash and stock. BNI Shareholders will have the option of being bought out in cash (100 dollars per share) or Berkshire stock. Berk-B (BRK.B) is currently trading for $ 3,310 per share, but the Berkshire Board has approved a 50-1 Split for Burlington Share holders that have smaller denominations of equity. Buffett already owns 22% of the Railroad but is going all in on his biggest acquisition ever. Complete Story » seekingalpha.com |
U.S. Auto Industry Shows Signs of Life Zacks.com submits: The U.S. auto industry showed signs of revival last month in the absence of any federal government incentive program such as “Cash for Clunkers.” Auto sales soared 15% to 1.03 million in December after the market bottomed in November. Sales exceeded 1 million for the second time in the year, trailing only August – the month of Clunkers program. Most of the prominent automakers, except General Motors and Chrysler, reported a sales gain during the month. Among the domestic automakers, Ford Motor (F) recorded the best sales gain. Meanwhile, Hyundai Motor Group ruled in terms of U.S. sales gain among all automakers.Complete Story » seekingalpha.com |
UPS Delivers 1Q Results Earlier and Stronger Than Expected Ockham Research submits: United Parcel Service (UPS) reported blowout earnings for the first quarter almost two weeks ahead of schedule on Wednesday evening. In the Pre-Announcement press release, the company said they had expected this quarter to be challenging as the economic recovery gains steam. Instead, profits hurdled 37% higher thanks to better international volume and operational efficiencies. Earnings per share came in at $.71 per share; 19 cents better than last year and 13 cents higher than Wall Street expected. The world’s largest package delivery company is generally regarded as an economic bellwether, as its service touches so many different sectors of the economy. If this report is any indication, the first quarter may be even stronger than expected. Revenue growth came in around 7% in the quarter which again topped estimates. International package sales grew by 18% and revenue from the Supply Chain and Freight was nearly as strong growing 14%. Although domestic shipping volume only grew by 1%, it reversed two years of falling volume. Clearly, it was improved margins that allowed a 7% sales growth rate to stretch into a huge 37% earnings hike, although specific gross margin results were not released at this time.Complete Story » seekingalpha.com |
Airline Industry Consolidation: Focus on American Airlines Robert Herbst submits:Less than 20 months ago, American Airlines (AMR) was the largest airline in the world competing against five smaller and arguably weaker US legacy carriers.Following is a detailed summary of where the legacy/network carriers were, where they are, and where AirlineFinancials.com expects them to go.Complete Story » seekingalpha.com |
AAR Reports Another Record in Intermodal Traffic Cullen Roche submits: It looks like the weakness in trucking is leading to strength in rails. According to the AAR yesterday, this was another record week in terms of traffic:The Association of American Railroads (AAR) today reported that U.S. railroads saw the highest weekly intermodal volume for 2010 and highest container count on record for the second consecutive week. For the week ending Sept. 25, 2010, intermodal traffic on U.S. railroads totaled 241,167 trailers and containers, up 17.3 percent from the same week in 2009, but down 2.1 percent compared with 2008. Container volume last week increased 19.2 percent compared with 2009, and rose 6 percent compared with 2008. Trailer volume last week rose 7 percent compared with 2009, but dropped 32.8 percent compared with 2008.U.S. railroads originated 300,908 carloads for the week, up 10.7 percent compared with the same week in 2009, but down 8.2 percent from the same week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR reports 2010 weekly rail traffic with comparison weeks in both 2009 and 2008.Complete Story » seekingalpha.com |