TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Goodyear to Save $215 Million with New Labor Deal Zacks.com submits: The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron , Ohio ; Buffalo , New York ; Danville , Virginia ; Fayetteville , North Carolina.; Gadsden , Alabama ; Topeka , Kansas ; and Union City , Tennessee. The master contract is expected to provide Goodyear with cost savings of $215 million over its term. Combined with savings realized through pre-bargain agreements to reduce staffing levels at five plants, the company expects to realize $555 million in total savings over the term of the agreements. Complete Story » seekingalpha.com |
Ford: Zero (Nearly) to Double Digits in 13 Months Flat Hickey and Walters (Bespoke) submit: It's hard to believe that just 13 months ago this week, shares of Ford (F) nearly broke the buck. Today, the company is trading above $10 per share for the first time in over four years, and it's the envy of all other American car makers (or what's left of them). Amazingly, Ford (F) is one S&P 500 company that is actually higher today than it was when the S&P 500 peaked in October 2007.click to enlargeComplete Story » seekingalpha.com |
Sonic Auto Beats Q4 Estimates Zacks.com submits: Sonic Automotive (SAH) has revealed a profit of $7.2 million or 18 cents per share (excluding special items) for the fourth quarter of 2009 (see conference call transcript here), in stark contrast to a loss of $10.2 million or 21 cents per share (excluding special items) in the year-ago period. With this, the company has surpassed the Zacks Consensus Estimate of a profit of 15 cents per share. The improvement was attributable to rise in sales volumes in the company’s both new and used vehicle businesses.Complete Story » seekingalpha.com |
How Financial Regulation Reform Will Affect Car Dealerships Steve Hosaflook submits: Recently, the United States Senate has been in serious discussion about Financial Regulation Reform. Financial reform has passed the House (December 2009) and the Senate (May 2010), and now awaits the negotiation process between the two legislative bodies.There are several topics that this legislation is attempting to address, including: derivatives, proprietary trading, the size of financial institutions, and new consumer protection initiatives. Any reform in these areas will have major impacts on a diverse group of companies and industries.Complete Story » seekingalpha.com |
Latest Rail Traffic Data - Be Careful of Interpretation Todd Sullivan submits: Be careful of the interpretation of this data around the web…. Those with a negative view will harp on the “rate of growth falling” as a sign things are falling apart. While true the rate of growth has slowed , it is also true that this is a common occurrence this time of year as the following chart indicates (note “baseline” and “cyclical” lines)Complete Story » seekingalpha.com |