TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Two Shipping Plays for a Pirate Resurgent Era Brian Kelly submits:Last week, for the sixth time in about a week, pirates hijacked a ship off the coast of Somalia. More accurately, the ship was WAY off the coast of Somalia, roughly 300 miles. This was the first time that an American flagged ship was hijacked, but not the first time the hijacking took place so far off shore. The following map depicts pirate activity in 2008 and 2009. Complete Story » seekingalpha.com |
The Truth About the Airline Industry Timothy Lutts submits: I noticed the following headline last week:“Virgin Atlantic boss warns no airlines will make money this year.”Complete Story » seekingalpha.com |
The Shipping News Is Ugly Slaughtered by the recession, container shipping is ripe for consolidation. A scorecard. forbes.com |
AAR Corp. Reports Weak Results on Soft Commercial Demand Zacks.com submits: Wednesday, after market closed, AAR Corporation (AIR - Analyst Report) posted discouraging results for the first quarter of FY2010 results. Revenue was $341.5 million, down from $359.9 million in the year ago quarter. Net income of $10.2 million was also down from $15.0 million in the second quarter of FY2009. Earnings were 27 cents down from 39 cents during the same period of FY2009. However, it was above the Zacks Consensus Estimate of 25 cents. Complete Story » seekingalpha.com |
Rail Traffic Data: Still Recessionary The latest rail freight data is not quick to validate Warren Buffett’s “all in” wager on the U.S. economy. The latest data shows another steep annual year over year decline despite vastly improving comps (the economy was spiraling to its end at this time last year if you recall). We should be seeing positive year over year improvements in this data based on the optimism regarding the recovery, however, the data continues to come in down double digits. Carloads were down 13.7% while intermodal traffic was down 15.5%. Albert Edwards is quick to note that the seasonally adjusted data is showing signs of a stall (thanks to ZH):Complete Story » seekingalpha.com |