TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Two Telling Charts - TRANQ and BDI Bruce Pile submits:If you had to pick just two charts to look at in trying to gauge the future of the stock market, you'd be hard pressed to come up with any two much better than the transports without the rails (TRANQ) and the Baltic Dry Index (BDI).The BDI is a measure of actual planned (not speculated) shipping of dry goods and the Nasdaq Transportation Index, almost devoid of the rails, is a measure of what Dow Theory wants it to measure - transportation of goods activity. Why do we want to exclude the rails? Because they have become so heavily levered to commodity transport and commodities have become so heavily levered to the U.S. dollar mess. The transport indexes with a lot of rails look better, but that's just because the poor finances of the U.S. are driving down the dollar and driving up investor demand for commodities - the unprintable money. So to get a more honest look at economic health, it would be good to look at transports with no rails. TRANQ has just one last I checked.Complete Story » seekingalpha.com |
Toyota: How Giants Stumble Rick Newman submits:At General Motors, they used to call their surging competitor "Mr. T," as if intimidated by a muscular rival who seemed able to seize market share at will. But Toyota (TM) suddenly looks pretty meek, thanks to a mystifying safety problem that has led to a huge recall, an unprecedented production shutdown, and an ugly dent in a once sterling reputation. This corporate nightmare has mushroomed since last fall, when Toyota recalled about 4 million vehicles because of floor mats with a propensity to slip down into the driver's side foot well, potentially interfering with the pedals and causing sudden acceleration. Now Toyota has recalled an additional 2.3 million vehicles for a problem that sounds similar, but the company says it's different: faulty gas pedals that can stick if they become worn, causing—once again—sudden acceleration.Complete Story » seekingalpha.com |
General Dynamic Wins $21.8M Deal Zacks.com submits: General Dynamics Information Technology, a business unit of General Dynamics (GD), has been awarded a five-year, $21.8 million contract to provide support to the new U.S. Navy Air and Missile Defense Command (NAMDC) at Naval Support Facility Dahlgren in Dahlgren, Virginia.Under the contract, General Dynamics will provide its expertise to support fleet unit readiness assessments, training, resource and requirements planning, systems engineering and science and technology experimentation.Complete Story » seekingalpha.com |
GM Peddling Cars to Investment Bankers Ockham Research submits: A good business man never lets an opportunity go to waste, at least that’s what GM’s CEO Ed Whitacre believes. As General Motors prepares to emerge from bankruptcy with what will likely be the second largest IPO in history, investment banks drooled over the potential for mega fees from placing shares. However, GM’s Whitacre is really making the banks earn his business, as the banks that are leading the offering were forced to reduce fees by a quarter in order to win the business. This is to be expected, as many of the banks competing for the business would surely drop their fees to court such a large IPO. However, according to Bloomberg, there is something else GM expects from the bankers that is a little less standard in such a situation, Banks were asked to discuss “ideas as to how we can use the IPO to reposition GM and its vehicles within the investment community including your firm’s willingness to reinvest any portion of any underwriting fees into the purchase of GM vehicles for your employees and/or company use.” – Bloomberg.com 7/14/2010Complete Story » seekingalpha.com |
August Rail Traffic: An Upbeat Economic Indicator Donald Marron submits:August was a busy month for America’s railroads, according to the Association for American Railroads. Traffic spiked up, as often happens during the month. More importantly, August traffic was 11% higher than a year ago (the same gain as reported in July): Complete Story » seekingalpha.com |