Transportation
Transportation Articles
British Airways posted a deficit for its most recent fiscal year. The company lost $595 million. Part of that was because fuel costs rose 45% to more than $4 billion. Fuel costs may have been a...
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YRC Worldwide Inc. (NASDAQ: YRCW) has not been without its problems. We recently saw reports about how it was trying to raise funds from the government and we have just seen an SEC filing in a...
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Both FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) are likely watching government competition for next week. Starting on Monday, the price of most traditional mail will...
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Sirius and XM Satellite Radio were among the great cult stocks of the last decade. They were heavily traded and volatile. Investors expected their business to be the most important development in...
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DryShips Inc. (NASDAQ: DRYS) is surging this morning. Last night the company announced that it has completed its $500 million equity offering to boost its balance sheet and to use against debt. ...
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Southwest Airlines Co, (NYSE: LUV) is getting to see some selling this morning after its earnings report. Actually, that is after its losses. Southwest is not used to this and you can’t help...
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If you think it is hard to get a personal unsecured loan right now, imagine the difficulty in getting a loan for a giant cruise liner in the midst of a recession. This morning we saw an...
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AMR Corp. (NYSE:AMR) and unions representing pilots, flight attendants and maintenance workers at its American Airlines subsidiary are locked in labor negotiations that are growing increasingly...
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Many people who fly on airplanes do not like it one bit. Some of these are claustrophobic while others object to the fact that they are not allowed to smoke at 37,000 feet anymore. But, the...
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DryShips Inc. (NASDAQ: DRYS) is trading down hard today on a note from the accountants. The company’s auditors have a “going concern” noted in the annual report on the company’s Ocean Rig...
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DryShips Inc. (NASDAQ: DRYS) posted $0.43 EPS and a 6.6% year over year decline in revenues to $217.9 million. First Call had estimates at $0.66 EPS and $209.6 million in revenues as the consensus...
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Last summer, the airline industry looked like it was heading toward another rash of bankruptcies. Fuel costs were at record levels because of $147 oil. The economic slowdown was already reducing...
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Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows. This group focuses on the transportation sector with the picks being...
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A new SEC filing shows that Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) has acquired even more shares of Burlington Northern Santa Fe Corp. (NYSE: BNI). As the company’s shares have...
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One of the largely hidden signs of the progress of the recession is whether goods are being shipped from one city to another and from one country to another. What is not shipped is not put up for...
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