TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Q1 Railroad Earnings: CSX, Norfolk Southern Down; Fate of Union Pacific, BNSF to Come Railroader Blog submits:CSX (CSX) and the Norfolk Southern (NSC) released their 2009 1st quarter earnings. CSX reported that they had “a better-than-expected first-quarter net profit, due in part to continued strong pricing”, while the NS said it was “aggressively cutting costs in order to offset the drop in freight volumes." Better than expected, according to CSX, is a 23% drop from 2008 (I would hate to see what they thought a bad quarter would be). Today, Burlington Northern Sante Fe (BNI) and the Union Pacific (UP) will release their 1st quarter earnings, but will Wall Street continue to celebrate their lackluster performance? It is apparent that the Class 1 railroad network had a dismal 1st quarter, however who is really to blame for their sluggish start? Union Pacific, CSX, BNSF, and the NS rolled the dice a few years ago in an attempt to eliminate what they saw as a drain on their budget — their manpower. They experimented with their investors money in an experiment that has failed miserably over the past 3 to 5 years. They threw billions of dollars in the Remote Control Locomotives industry that not only slowed their car count to a crawl, but spent more in technology than they did in a human being with full benefits.Complete Story » seekingalpha.com |
Supporting the U.S. Auto Portfolio: Cash for Clunkers BoneYard submits:Well, we all knew this was coming:The U.S. House approved legislation that would give consumers as much as $4,500 to buy new, fuel- efficient vehicles under a “cash-for-clunkers" proposal aimed at boosting auto sales.Complete Story » seekingalpha.com |
CP Railway: Slower Freight Volumes Expected to Weigh Heavily on Earnings FP Trading Desk submits: Slower freight volumes are expected to weigh heavily on the earnings of Canadian Pacific Railway Ltd. (CP) when it releases its second quarter results Thursday.Despite some evidence that declines in shipments have stabilized in recent weeks, the Calgary-based railway’s carloads fell by more than 24% during the quarter. The Street is anticipating earnings per share of C$.37 for the period ending June 30, compared to C$.97 a share last year. Complete Story » seekingalpha.com |
Bulls on Board Eagle Bulk Shipping optionMONSTER submits: By David RussellOptions action turned bullish in Eagle Bulk Shipping yesterday as investors targeted a stock still trading at one-quarter of its pre-crisis levels.Complete Story » seekingalpha.com |
Tata Motors: License to Dive Paul Price submits:Tata (TTM) is India’s largest automobile manufacturer and the world’s 5th largest medium and heavy commercial vehicle maker. They are #2 in medium to heavy bus manufacturing as well. They also provide financing for many of their buyers through their TML Financial Services unit. Tata acquired Jaguar and Land Rover from Ford in a (badly timed) $2.8 billion transaction that closed in June 2008. I rarely write about ‘short’ ideas but this one seems to just jump off the page when you consider the fundamentals. Tata Motors closed at $13.78 last week and has jumped up to $14 /share in this morning’s rally (Nov. 23, 2009). Complete Story » seekingalpha.com |