TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Boeing Delivers First New, Efficient 777 Zacks.com submits: Boeing Co. (BA) delivered its first 777-300ER (Extended Range) airplane to GE Capital Aviation Services and its lease customer Philippine Airlines. It is the first 777 in the fleet of Philippine Airlines. The aircraft was packed with relief supplies for victims of Typhoon Ketsana. The airline has four more of this aircraft on order with Boeing. In the recently reported third quarter of fiscal 2009, the company booked 96 gross orders. The company finished the quarter with segmental backlog of $254 billion. Complete Story » seekingalpha.com |
Solid Auto Sales Boost Physical Platinum and Palladium ETFs Michael Johnston submits:After weathering a severe and prolonged downturn that saw multiple bankruptcies, unprecedented government intervention, and the near demise of the entire industry, American automakers finally have some good news to report. Ford (F) sold more cars than rival General Motors for the first time in 50 years in February (excluding two months in 1998 when GM was crippled by strikes), as car and light truck sales jumped more than 40% from the same period in 2009. Despite losing the monthly sales crown, GM reported a still impressive 11.5% bump over the previous year, while Toyota’s (TM) sales slumped following concerns over quality. Car-shopping Web site Edmunds.com recently reported that per-vehicle sales incentives in the U.S. fell 14% in February from a year earlier, indicating that the recent bounce in sales came without the aid of deep discounts that eat into profit margins. Ford is forecasting a pretax operating profit in 2010 after years of steep losses that saw market share and work force shrink. Ford’s stock price has gained more than 25% this year, including an 8% climb this week, rewarding investors who stuck with the beleaguered automaker. There is still no ETF focusing on the automotive industry (a glaring absence we can’t quite figure out), but several funds have received a nice boost from the auto industry’s improved outlook. Most notably, the Physical Palladium Shares (PALL) and Physical Platinum Shares (PPLT) from ETF Securities have been on the move this week.Complete Story » seekingalpha.com |
JetBlue Airways Corporation Q1 2010 Earnings Call Transcript JetBlue Airways Corporation (JBLU)Q1 2010 Earnings CallApril 28, 2010 10:00 am ETComplete Story » seekingalpha.com |
Unexpected Jump in Rail Freight Carloads? Wildebeest submits: The Association of American Railroads [AAR] released the latest weekly rail freight traffic report today: WASHINGTON, D.C. – Aug. 5, 2010 – The Association of American Railroads today reported that for the week ending July 31, 2010, U.S. railroads reported the highest traffic levels of 2010 for both carload and intermodal traffic. U.S. railroads originated 300,292 carloads for the week, up 9.4 percent compared with the same week in 2009, but down 10.6 percent from the same week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR reports 2010 weekly rail traffic with comparison weeks in both 2009 and 2008. Note that U.S. rail traffic fell sharply in fall 2008, when the financial crisis took hold.Complete Story » seekingalpha.com |
United Continental Books Strong Third Quarter Zacks.com submits: United Continental Holdings Inc. (UAL), the holding company for both United Airlines and Continental Airlines, reported its individual third quarter earnings on October 21, 2010. The combined results will be produced by the company with its fourth quarter results. United Continental Holdings has been newly formed by the merger of Continental Airlines with UAL Corp. on October 1, 2010. The merger has created the world’s largest airline, overtaking Delta Airlines (DAL), which acquired Northwest Airlines in 2008.Complete Story » seekingalpha.com |