TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| AAR Corp.: Exclusive Audio Interview with CEO David Storch Chris Fernandez submits: After AAR Corp. (NYSE: AIR) reported earnings and hosted their analyst conference cal, I had the pleasure of speaking with AAR’s CEO David Storch in wide ranging interview that is now available for you to listen to.The interview covered a broad range of topics from what AAR does, to how AAR is coping with the recent slowdown in the airline industry and how this downturn compares to previous downturns.Complete Story » seekingalpha.com |
Angry Chrysler Dealers Take Their Fight Public Tyler Durden submits: The Chrysler National Dealer Council, which represents the dealers the bankrupt automotive company announced it would eliminate last week, has decided to take their fight public and filed a statement with the bankruptcy court earlier today, in which the NDC seeks to prevent Judge Gonzalez from cancelling their existing contracts, and in principle to afford them non-bankruptcy rights. Unfortunately, as the debtor is in bankruptcy, it is very difficult on what legal ground their argument has a chance of succeeding. In its brief, the NDC makes the following claims:Complete Story » seekingalpha.com |
Southwest Aims for Business Travelers with New Route Steve Patterson submits:Southwest (LUV) Flies into New York LaGuardiaSouthwest Airlines begins to fly into New York this weekend as the company searches for business travelers to increase revenue in a field that it has not ventured in the past. Flying into crowded airports where turnaround times are slower and most travel is for business is something the company does not have much practice doing.Complete Story » seekingalpha.com |
GOL to Offer Preferred Shares Zacks.com submits: Yesterday, GOL Linhas Aereas Inteligentes S.A. (GOL) filed a registration statement with the Securities and Exchange Commission for a proposed global offering of preferred shares, including preferred shares in the form of ADSs. The company expects to raise somewhere between R$550 million and R$650 million, depending on market conditions. The company intends to use the proceeds for general corporate purposes and to strengthen its balance sheet, particularly its cash and cash equivalents position.Complete Story » seekingalpha.com |
Railroaded by Burlington Northern Santa Fe Markos Kaminis (Wall St. Greek) submits: The Merriam-Webster Dictionary defines “railroad” as “to convict with undue haste and by means of false charges or insufficient evidence.” The definition seems to fit snugly around what happened on Wall Street Friday, while also offering an interesting play on words. Based on popular press reports, investors convicted the market on the earnings data and forecast warnings of a couple key railroad companies. Specifically speaking, Friday’s downturn was placed squarely on the engine car of Burlington Northern Sante Fe (BNI). Railroad companies and other shippers of goods, including truckers like J.B. Hunt Transport Services (JBHT) and shipping companies like DryShips Inc. (DRYS), are considered barometers of the economic lifecycle. After all, if manufacturers and distributors are moving product, it is going to be visible in the results of the shippers.Complete Story » seekingalpha.com |