TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| GM's Phony Bailout Repayment Edward Harrison submits:This comes via Deal Book at the New York Times. The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature rush to herald the beginning of the end of the government’s involvement in the auto industry, a number of key considerations were left out, Edward Niedermayer, the editor of The Truth About Cars, writes in an op-ed in The New York Times.Complete Story » seekingalpha.com |
Navistar International Corporation F1Q10 Earnings Call Transcript Navistar International Corporation (NAV)F1Q10 Earnings CallMarch 10, 2010 10:00 AM ESTComplete Story » seekingalpha.com |
TRW Automotive Faces Range-Bound Strategy optionMONSTER submits: By David Russell TRW Automotive (TRW) is stalling after a 2,100 percent rally, and one trader wants to get paid as it consolidates.Complete Story » seekingalpha.com |
Earnings Scorecard: Union Pacific Zacks.com submits: Railroad giant Union Pacific Corp. (UNP) reported excellent results for the second quarter 2010, beating the Zacks Consensus Estimate by 19 cents. Overall, the analysts are bullish on the stock, given the company’s impressive results. The impressive performance was driven by a robust operating ratio, strong growth in business volume, cost efficiency and pricing gains. Second quarter operating ratio came in at a historic high-level of 69.4% compared with 77.4% in the prior-year quarter. This is the first time that Union Pacific achieved a sub-70 benchmark. Complete Story » seekingalpha.com |
Treasury Gets $11.7 Billion Back From GM IPO Zacks.com submits: The Treasury Department of U.S. has received payments of $11.7 billion against its loan extended to General Motors Corporation (GM). The payment was made through the net proceeds from its initial public offering (IPO) last week. The automaker sold 478 million shares at the targeted price of $33, raising $15.8 billion in the IPO. Of this, the Treasury has sold 358.5 million shares. The Treasury has revealed that it would also get $1.8 billion as bankers handling the IPO exercise options to purchase an additional 53.8 million shares of its stock within 30 days of the IPO. The bankers are allowed to exercise an option to sell up to 72 million shares.Complete Story » seekingalpha.com |