TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Buffett's Big Rail Buy: What It Means for Berkshire Shareholders Ravi Nagarajan submits:As reported earlier today, Berkshire Hathaway (BRK.A) has entered into a definitive agreement with Burlington Northern Santa Fe (BNI) to acquire for $100 per share in cash and stock the remaining 77.4 percent of outstanding BNSF shares not currently owned by Berkshire. In addition, Berkshire Hathaway will split its B shares 50-for-1 in order to accommodate a share exchange for smaller owners of BNSF shares. This transaction, which will bring Berkshire’s investment in BNSF to $44 billion including shares already owned, is the largest acquisition in Berkshire Hathaway history. What does this acquisition mean for Berkshire Hathaway shareholders?Complete Story » seekingalpha.com |
Toyota's Not the Only One - Six Myths About Car Recalls Rick Newman submits:With all the hype surrounding Toyota's (TM) quality problems, you'd think a recall notice in your mailbox is the equivalent of a pink slip or IRS audit. Hardly. Toyota is certainly reeling from recalls of nearly 5 million U.S. cars, including top sellers like the Camry, Corolla, RAV4, and Prius. But recalls are a fact of life in the auto business, usually generating little news or heartache for car owners. With Toyota's woes mushrooming into a media and political feeding frenzy, here are some of the mounting misconceptions about recalls: They're rare. On the contrary, millions of vehicles are recalled every year. So far this year, Toyota's recalls have obviously dominated the news, but they haven't been the only ones. Chrysler has recalled about 20,000 vehicles to fix a clip on the brakes. And Honda (HMC) has had two major recalls. One is to fix a power window switch on 141,000 Fit subcompacts that could melt or catch fire if water leaks in. Another, affecting 129,000 Ridgeline pickup trucks, is to place a protective cover around the wires for an A/C blower motor, to prevent damage that can occur if a passenger kicks the motor. In December 2009 alone, there were at least eight separate recalls that each involved thousands of passenger cars.Complete Story » seekingalpha.com |
Freight Rates and Scrapping Rates Paint a Bullish Outlook for Shipping Stocks Thomas MacLeod submits:You may have read articles focusing on the “infamous” Baltic Dry Index (BDI). The BDI is a collection of shipping indices derived from the costs the shipper has to pay to ship bulk cargo. It is a reasonable proxy for global economic health. The BDI is heavily influenced by the erratic behaviour of the Capesize Index. And so we like to look at the index of the smallest size bulk carriers, the Handysize (click to enlarge), which has significantly less volatility than the BDI.Complete Story » seekingalpha.com |
US Airways Group, Inc. Q2 2010 Earnings Call Transcript US Airways Group, Inc. (LCC)Q2 2010 Earnings CallJuly 22, 2010 01:30 pm ETComplete Story » seekingalpha.com |
Airline Stocks: Up and Away? Market Blog submits: By David BermanIt’s easy to scoff at airline stocks – and I have been guilty of doing this – due to volatile earnings, slim margins and high chances of slipping into bankruptcy protection. But if you want a clear example of how many cyclical stocks are outperforming their defensive brethren this year, look up in the sky.Complete Story » seekingalpha.com |