TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Obama Auto Team to Consider Converting GM Loans to Equity Tyler Durden submits: Just hit headlines, not sure what the hell this means: they will equitize the loans?Reading it so that the government will "agree" to get its uber-secured loan equitized, killing any negotiating power for all other unsecured bondholders.Complete Story » seekingalpha.com |
Attention Porsche: On Wall Street, No Massive Short Squeeze Goes Unpunished Tyler Durden submits: Porsche (POAHF.PK), which last year thought its "hedge fund" division was smarter than all the actual hedge funds in the world and with the implicit complicity of the BaFin created the Volkswagen squeeze monster, might very soon be at the mercy of the same hedge funds it nearly guillotined.As Zero Hedge reported, the failed merger between it and Volkswagen (VLKAY.PK) (so much for domination), is likely going to be just the beginning of the company's problems. The first thing Porsche has to be worried about is the fact that it will now be unable to secure a credit rating for itself by the time the self imposed May 31 deadline rolls. The company, which had recently been exclusively focused on containing the failed merger fallout, kinda forgot that absent a credit rating, the spread on its existing €10 billion loan will increase by 100 bps to EURIBOR + 425; 1% on 10 billion is not something to sneeze at.Complete Story » seekingalpha.com |
What Are Diesel Inventories Telling Us? Andrew Horowitz submits: API put out their Oil, Gas and Distillates information yesterday evening and I wanted to take a look at the numbers as well as the latest diesel inventory data. The reason we look at diesel is to see what is occurring in the commercial transportation area. In other words; are we seeing any traffic and movement that would signal that deliveries of orders are beginning to increase. Below is the chart that shows the past two years and the percent change (increase) in inventories. Once again we are seeing that oil is moving up in price even as inventories are growing to record levels. Obviously that does not make much sense.Complete Story » seekingalpha.com |
Expeditors Speeds Towards Profits - Barron's Expeditors International (EXPD) is a prime candidate to benefit from a global economy recovery, writes Barron's Dimitra Defotis, and could easily climb another 20% on top of its July gains. Expeditors is a global leader in shipping logistics and provides additional services including inventory management, customs services and cargo insurance. Major customers include Cisco (CSCO), Wal-Mart (WMT), Toyota (TM) and a growing relationship with Nike (NKE).Complete Story » seekingalpha.com |
ArvinMeritor Inc. F4Q09 (Qtr End 09/30/2009) Earnings Call Transcript ArvinMeritor Inc. (ARM)F4Q09 Earnings CallNovember 10, 2009 9:00 am ETComplete Story » seekingalpha.com |