TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Airline Industry: Not for Long-Term Investors Equitymaster submits: Aviation is arguably among the most difficult industries from the owner’s perspective. It suffers from disadvantages in both input costs and pricing power. The highly capital intensive nature of operations and vagaries of crude oil prices make costs hard to control. The presence of many competitors and commoditisation of tickets due to travel portals exert a great deal of pressure on ticket prices. Little wonder then, that bad news continues to pour out from the Indian civil aviation sector.As per DNA Money, airlines have not hiked fares despite 3 hikes in aviation turbine fuel prices in the last 45 days to the tune of 18%. Airlines fear any hike will reduce air traffic which has already declined on a YoY basis. Basically, any hike in prices in nullified by decline in volumes, a tell tale sign of a commodity market.Complete Story » seekingalpha.com |
Are Defense and Aerospace Stocks Good Stocks to Own? Dividends4Life submits: When the economy and the market starts heading south, many investors start buying Dividend Stocks. They have long been considered a defensive position in turbulent times. Given many investors' recent defensive stance, one might ask how about some real defense stocks, as in the Aerospace and Defense industry. Here are five for your consideration: Complete Story » seekingalpha.com |
Harley-Davidson in the Mire and Likely to Stay There David White submits:Last week, Harley-Davidson (HOG) reported earnings (see conference call transcript here). U.S. retail sales fell 35%. International sales fell just 18% as HOG was aggressively pursuing sales in Latin America, Europe, and China. This translated into a 91% decrease in profit year over year. The major solace HOG can derive from these numbers is that overall motorcycle sales decreased 48% in the U.S. In other words, HOG picked up market share. HOG’s market share in Q2 2009 was 51.5%, an increase of 10.3% over last year’s Q2. The increased market share was really the only bright spot in HOG’s report.Complete Story » seekingalpha.com |
Transportation Policies Choosing between a bad driver and a drunken driver; keeping compensation from an airline; and questioning the safety of vigorous activity. nytimes.com |
The Shipping Industry's $350 Billion Debt Felix Salmon submits: Landon Thomas’s story on dodgy shipping loans has some absolutely astonishing numbers, the biggest of which is simply the size of the market, which he pegs at a whopping $350 billion. The story is pegged to Eastwind Maritime, a shipper which went bust this summer owing $300 million on a fleet of 55 ships. That’s about $5.5 million per ship, which isn’t very much when the average five-year-old vessel was valued at about $88 million as of June of 2008. But things are different now:Complete Story » seekingalpha.com |