TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Treasury Directs GM to Get Ready for Bankruptcy Tom Lindmark submits:The NYT is reporting that Treasury Department officials have directed General Motors (GM) to begin laying the groundwork for a bankruptcy proceeding by June 1. According to the Times, they want to be prepared to go through a “surgical” bankruptcy. One plan under consideration would create a new company that would buy the “good” assets of G.M. almost immediately after the carmaker files for bankruptcy.Complete Story » seekingalpha.com |
GM Finally Dies - Does the U.S. Have Similar Symptoms? Monday night having a night cap in beautiful Metro Detroit. I am not predicting the end of the United States, but there are certain parallels I see in the current direction of the US and [[GM]] (now Government Motors) in its years prior to implosion...First, I live in metro Detroit (and strangely for people who haven't been to the suburbs of D-town it's a great place with great people), so it is hard for most of my friends and family to understand why I have been so negative on the Detroit autos for years. Unlike the mass media, I don't think the product they produce was the main problem at the end. I told people these companies would eventually go bankrupt / or something along those lines for several reasons. Why? Well for the following reasons and after each point I follow with a parallel to the United States.Complete Story » seekingalpha.com |
Lampert Sells More AutoZone Shares: What Happens Now? Todd Sullivan submits: In a newly released SEC filing, Sears Holdings (SHLD) Chairman Eddie Lampert's ESL Investments and RBS Partners sold another 175k shares of AutoZone (AZO) and an avg. price of $157 a share.I will reprint a previous post here as to my reasoning for the sale.Complete Story » seekingalpha.com |
Signs of Life from Canadian Railroads Mark McQueen (Wellington Financial) submits: More good economic news coming from the Canadian railroads, according to a report out from Raymond James’ equity research railroad analyst:Railroad freight volumes have bottomed and are on the road to recovery, in our view, suggesting the industry is poised to enjoy a healthy tailwind alongside a gradual improvement in the North American (N.A.) and global economies. While still down sharply yoy (17.3%), freight and intermodal carload originations have shown steady improvement after struggling to find a bottom during the final weeks of May. Specifically, we note that North American (N.A.) volumes have risen by approximately 20.0% over the past four months, an impressive updraft by most accounts. Moreover, a closely watched basket of leading economic indicators continues to support this improving trend, which we view as encouraging.Complete Story » seekingalpha.com |
Aircastle Limited Q3 2009 Earnings Call Transcript Aircastle Limited (AYR)Q3 2009 Earnings CallNovember 6, 2009 11:00 am ETComplete Story » seekingalpha.com |