TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Landstar's Q3 Report Meets Expectations Zacks.com submits: Landstar System Inc. (LSTR) reported third-quarter results after the closing bell yesterday. The company’s net income declined 38.7% to $20.1 million, compared to $32.8 million in the year-ago quarter. Earnings per share of 39 cents was well below the year-ago result of 62 cents per share, though it matched the Zacks Consensus Estimate. Landstar is a non-asset based provider of integrated supply chain solutions. The company offers specialized transportation, warehousing and logistics services through a worldwide network of more than 1,000 independent sales agents, 8,000 business capacity owners and 25,000 contract carriers and warehouse capacity owners.Complete Story » seekingalpha.com |
Taxing Banks for Automaker Mistakes Kid Dynamite submits: Today's story is "Obama to Unveil Proposal on Bank Taxes" from the WSJ, regarding taxes/fees the Administration will assess to the big financial firms.If approved by Congress, the new tax -- which the White House calls a "financial crisis responsibility fee" -- would force about 50 banks, insurance companies and large broker-dealers to collectively pay the federal government roughly $90 billion over 10 years. Of the 50, about 35 would be U.S. companies and 10 to 15 would be U.S. subsidiaries of foreign financial firms.A senior administration official said the largest 10 institutions would pay about 60% of the tax's total cost."Complete Story » seekingalpha.com |
Berkshire’s Investment in BYD: A Bet on the Man Ravi Nagarajan submits:Berkshire Hathaway’s (BRK.A) investment in BYD (BYDDF.PK) made its first appearance in Warren Buffett’s annual letter (pdf) which provides a table listing common stock investments with a market value of more than $1 billion. As of December 31, 2009, Berkshire held 225 million shares of BYD with a market value of nearly $2 billion. Berkshire’s cost basis is $232 million. While the investment has appreciated significantly, it is unusual for Warren Buffett to purchase shares of what is essentially a technology company in a very unsettled industry environment. “I am betting on the man.”Complete Story » seekingalpha.com |
Audit Integrity Updates Airline Corporate Governance Rankings Research Recap submits: Audit Integrity updates its corporate governance rankings for airlines in a new report. Winners include Hawaiian Holdings, Aegean Airlines, Air France – KLM and easyJet. Not faring so well are SkyWest and Icelandair. Selected Excerpts:Complete Story » seekingalpha.com |
'Tracking' the Economy: Latest Rail Stats Donald Marron submits:The fine folks at the Association of American Railroads are out with their latest edition of : LRail Time Indicators. Total traffic (carloads plus intermodal) in July was about 11% higher than the dismal levels of a year ago, but remains about 10% below earlier years: Complete Story » seekingalpha.com |