TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| JetBlue Airways Corporation Q1 2009 Earnings Call Transcript JetBlue Airways Corporation (JBLU)Q1 2009 Earnings CallApril 23, 2009 10:00 am ETComplete Story » seekingalpha.com |
A Close Look at Paragon Shipping's Credit Situation Neil Carvin submits: In May, we analyzed the first-quarter 2009 results of Paragon Shipping, Inc., (NASDAQ: PRGN). Paragon, which has its headquarters in Voula, Greece, owns ships that carry dry bulk cargoes. The downturn in global trade has caused shipping rates, such as those tracked by the Baltic Dry Index, to collapse. Not surprisingly, lower rates have also reduced the value of the vessels themselves. Complete Story » seekingalpha.com |
Geely Bidding for Volvo? Reportedly $293M By Richard ReadAccording to a (very brief) article in China Car Times, Chinese automaker Geely is finally prepared to submit a bid to Ford Motor Company (F) for Volvo (VOLVY.PK). Geely's alleged offer: $293 million. A couple of weeks ago, sources were circulating a similar rumor, but with a figure of $2 billion attached. And back in June, our own Marty Padgett noted that Ford isn't likely to accept anything less than $3 billion. Needless to say, the situation is confusing.Complete Story » seekingalpha.com |
Landstar's Q3 Report Meets Expectations Zacks.com submits: Landstar System Inc. (LSTR) reported third-quarter results after the closing bell yesterday. The company’s net income declined 38.7% to $20.1 million, compared to $32.8 million in the year-ago quarter. Earnings per share of 39 cents was well below the year-ago result of 62 cents per share, though it matched the Zacks Consensus Estimate. Landstar is a non-asset based provider of integrated supply chain solutions. The company offers specialized transportation, warehousing and logistics services through a worldwide network of more than 1,000 independent sales agents, 8,000 business capacity owners and 25,000 contract carriers and warehouse capacity owners.Complete Story » seekingalpha.com |
Tata Motors Turns Profitable in Second Quarter Zacks.com submits: Tata Motors (TTM) returned to profitability in the second quarter of its fiscal year ended Sept. 30, 2009, helped by aggressive cost reduction measures and recovery of sales of its Jaguar and Land Rover brands in the U.K. The company posted a net income of Rs.217.8 million ($4.7 million), in sharp contrast to a loss of Rs.9.4 billion ($201.7 million) during the second quarter of last year. Sales volume (including exports) for the quarter grew 17.4% to 158,575 vehicles. Despite this, revenue declined by 9% (8% in dollars) to Rs.218.1 billion ($4.7 billion) due to continued slowdown in prime markets and volatility of exchange rates adversely affecting the company’s exports of commercial vehicles and passenger vehicles.Complete Story » seekingalpha.com |