TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| 8 Changes GM Needs to Make Zacks.com submits: Last weekend, the administration forced General Motors Corp. (GM) CEO Rick Wagoner to resign (the CEO was "anti-bankruptcy"), and gave GM 60 days to put a viable restructuring program in place. Bondholders must share more of the burden, and a "structured" bankruptcy could occur. The government will provide funds to GM in the interim period, and funds are being set aside to back up warranties.GM's presented "plan" would not make the company viable even if the economy recovered. Lately, 7,500 more employees have accepted buyouts.Complete Story » seekingalpha.com |
Shipping Outlook: No Good News on the Horizon Zacks.com submits: By: Ann Heffron, CFAStock performance in the transportation sector has been very uneven, reflecting the varying fortunes of particular industries within the sector. The median year-to-date-stock price gain/(loss) has been mixed for industries in the Zacks transportation universe -- all industries are underperforming the S&P 500’s 0.7% increase, with the exception of air freight. Air freight has been helped by large gains in smaller companies as the giants within the air freight sector, United Parcel Service, Inc. (UPS) and FedEx Corporation (FDX), are down 4.3% and 15.7% year to date, respectively.Air Freight 17.3%Equipment & Leasing 0.5%Trucking (0.7)%Shipping (0.9)%Railroads (3.8)%Airlines (32.8)%Among the hardest hit have been airlines and railroads, where demand is dropping precipitously, reflecting the impact of the global economic slowdown. We believe there are a number of countervailing factors that will affect the transportation sector within the coming months:Complete Story » seekingalpha.com |
Are Airlines Going Bankrupt Again? Robert Herbst submits:Let’s see if I have this correct? Many airlines have reduced seat capacity by a record amount. Recent traffic demands are showing at or near historically high load factors. And some of these same airlines are now rumored to be looking at bankruptcy again? Complete Story » seekingalpha.com |
Cascade Corp. F2Q10 (Qtr End 07/31/09) Earnings Call Transcript Cascade Corp. (CASC)F2Q10 Earnings Call September 3, 2009 5:00 pm ETComplete Story » seekingalpha.com |
Hertz Global Holdings, Inc. Q3 2009 Earnings Call Transcript Hertz Global Holdings, Inc. (HTZ)Q3 2009 Earnings CallOctober 30, 2009 10:00 am ETComplete Story » seekingalpha.com |