TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Fate of General Motors' Rick Wagoner John M. Mason submits: Rick Wagoner, Chairman and Chief Executive Officer of General Motors (GM), will resign as a part of the agreement with the federal government in which the company will receive additional federal aid. General Motors is a turnaround situation; it is not a restructuring exercise. The odds are against a company pulling off a turnaround with the same people that led them into the situation they now face.Some people argue that the problem is the bad economy, something that the executives are not responsible for and therefore should be allowed to continue in their positions. This, to me, is like saying that executives in financial institutions are not responsible for the collapse in the financial market that exposed to the world the increased risk they imposed upon their companies or the large increases in leverage that accompanied their use of more exotic financial instruments. Complete Story » seekingalpha.com |
Obama Proposes Higher Fuel Standards Greentech Media submits: By Ucilia WangPresident Obama on Tuesday unveiled a plan to raise the national fuel economy to an average of 35.5 miles per gallon by 2016, four years sooner than a mandate from a 2007 energy bill.Complete Story » seekingalpha.com |
Auto Batteries: Short Term Revenue Growth Favors Lead-Acid by 6 to 1 John Petersen submits:Last week, an article in Green Car Congress summarized a market forecast that Dr. Menahem Anderman presented at this month's Advanced Automotive Battery Conference in Long Beach, California. In his presentation, Dr. Anderman evaluated the market for HEVs in 2011, projected a $1,230 million market for automotive NiMH batteries, and projected a $320 million market for automotive Li-ion batteries. The following graph comes from Green Car Congress, is based on data from Dr. Anderman's AABC presentation, and shows both unit sales and market value of the Li-ion batteries that will be used in HEVs by 2011 (click on the graph for a larger image). Complete Story » seekingalpha.com |
Consistent Inconsistency: A Look at Key Transport CDS Levels Jim Delaney submits: If there is one thing that has been consistent lately, it is inconsistency. The reasons we hear for the market’s movement one day are the exact opposite of the reasons we heard the day before. Friday an article in the WSJ by David Weidner reasoned that the movement in 5 stocks - C, BAC, AIG, FNM and FRE were responsible for the market’s latest move up. Saturday, Michael Santoli added some perspective to this claim by asking “how a handful of stocks with a combined market value near $200BN could ‘drive’ a stock market worth more than $10TN?”Complete Story » seekingalpha.com |
Transport Sector Confirms Economic Weakness Nothing has been more confounding during this equity rally than the weakness in the underlying fundamentals of the transports. Without fail, the data from the transports has been an excellent leading indicator in past recessions. Warren Buffett has even admitted that the rail data is his single favorite indicator to watch. But as equity market have ripped higher, the rails and other transports have lagged. Of course, as time has passed we have witnessed the enormous influence of government stimulus on the economy and the incredible impact of money printing on asset prices. As we begin to see signs that government stimulus is failing to generate jobs and a sustainable recovery, the transports continue to forecast a very weak recovery. Have the transports been right this whole time or is the Fed’s liquidity induced rally a more accurate reflection of the economy?Complete Story » seekingalpha.com |