TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Landstar System, Inc. Q1 2009 Earnings Call Transcript Landstar System, Inc. (LSTR)Q1 2009 Earnings CallApril 15, 2009 5:00 pm ETComplete Story » seekingalpha.com |
GM Bankruptcy Isn't an Existential Challenge for the U.S. Marc Chandler submits:May auto sales were stronger than expected at a 9.9 million annual unit pace. In the same week, [[GM]] filed for bankruptcy, domestic auto sales rose to 7.4 million, the highest since December (Q1 average was 6.8 million). There are several, even if underappreciated, implications. First, the inventory overhang in this sector appears to be easing and production looks to be below the level of sales, so this may help underpin manufacturing in the months ahead. Second, the increase in auto sales likely points to a stronger than currently anticipated retail sales report, which is expected June 11th. The early consensus is for a 0.2% increase on the headline and ex-auto components. Look for economists to revise up their forecasts after tomorrow's chain store sales. Gasoline prices rose a little more than 20 cents in the month.Two other factors may also support retail sales. First, the weather generally improved, which often helps retail sales. This is after the March-April distortions from Easter. Second, last month the bulk of the one-off $250 payments to Social Security recipients were sent out. This is of course on top of the more than 5% increase since January in cost-of-living, tax refunds, and a reduction in the payroll withholdings.Complete Story » seekingalpha.com |
Genesis Lease Finally Buys Another Plane Stone Fox Capital submits:While the rest of the airline leasing business has been busy buying either new planes from Airbus or Boeing (BA) or working out sale/leaseback arrangements with cash strapped carriers, Genesis Lease (GLS) has stayed on the sidelines unwilling to tap its large credit line.At least, until today.Complete Story » seekingalpha.com |
Six Defense Sector ADR Stocks David Hunkar submits: European countries together with Russia rank number two and three in arms exports to other countries. Next to the US, Russia, UK, France, Germany have large defense industries that cater to the demands of the developing world. Earlier today in an article analyzing the global arms market, I discussed the top 10 defense contractors in the US.Now lets take a look at the foreign defense-sector stocks that trade in the US markets as ADRs:Complete Story » seekingalpha.com |
Rail Data Points to Slight Improvement, But Recession Still Reigns The latest data from the Association of American Railroads (AAR) showed marginal signs of improvement, but with yearly comps becoming very easy the rail data is still showing a very weak real economy.Total carloads were down 12.2% year over year and almost 20% from the same period two years ago. Intermodal traffic declined 9.5% year over year and 15.2% from two years ago.Complete Story » seekingalpha.com |