TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Transat Denies Broader Restructuring FP Trading Desk submits: Transat A.T. (TRZAF.PK), Canada’s largest travel tour operator, has denied that it is undergoing a broader restructuring after eliminating 53 administrative jobs in Toronto, Montreal, and Vancouver this week.Despite management’s assertion that is would go on a cost-cutting drive at its quarterly call last month, Jean-Michel Laberge, Transat spokesman, said the job cuts were the end of the process. Complete Story » seekingalpha.com |
Closing Car Dealerships: Congress Says 'Not So Fast' Tyler Durden submits: Yesterday Congressmen Dan Maffei (NY-25) and Congressman Frank Kratovil (MD-1) introduced Bill HR 2743, called the "Automobile Dealer Economic Rights Restoration Act of 2009", which aims at "requiring Chrysler and General Motors to continue to honor their commitments to auto dealers." Not sure if this should be read as the first step of the bailout within the bailout, or a preamble of the government stepping and really telling the big two nationalized companies (well, Fiatized in Chrysler's case, but essentially on the taxpayer's dime) how to run their business. Also, technically the first real shot at government governance was Obama singlehandedly firing Rick Wagoner. But you get the picture.Furthermore, for a business which many claim is exclusively Republican, is it not a little odd that it is in fact Democrats who are introducing this legislation?Complete Story » seekingalpha.com |
Hawaiian Holdings Inc. Q2 2009 Earnings Call Transcript Hawaiian Holdings Inc. (HA)Q2 2009 Earnings CallJuly 27, 2009; 4:30 pm ETComplete Story » seekingalpha.com |
Ford Motors Seeing Gains in Europe Ockham Research submits: When it comes to American automakers, Ford Motors (F) has weathered the recent storm far better than the rest.  Today, thecompany is seeing the benefit of a weaker dollar through stronger salesin its European division. Ford’s European unit is reporting that salesthis year are up 12.3% through September to 152,600 vehicles for themonth. In addition, Ford has gained market share and now claims 10.1%of the market for European car sales. The reported success in theEuropean market is sending Ford shares higher by about 8% at midday.It is clear that the fundamentals have begun to recover in Ford's business after two horrendous years, and the likelihood of furtherweakening of the dollar should continue to make Ford’s cars attractiveto buyers overseas. However, Ford’s European unit was careful not tosay that there are not real concerns for the future. There is a fairamount of uncertainty going into 2010, as many countries are backingaway from scrapping programs which have helped Ford and other autosales recently. Also, not to be discounted are the incentives offeredby the German government that dwarfed the U.S. Cash for Clunkersrelative to GDP. Complete Story » seekingalpha.com |
Three Intermodal Transportation Stocks to Play an Economic Recovery David Fessler submits:As the old saying goes, “You’re either a contrarian, or a victim.” It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese.Complete Story » seekingalpha.com |