FedEx Will Cut Costs, Raise Profits
Shares of FedEx Corp. (NYSE: FDX) are up more than 4% today after the company said it plans to raise profit by $1.7 billion in the next three years, some of which will come…
Transportation
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Newest first · Page 40UPS European Merger Not Affected by CEO Departure (UPS, FDX)
The $6.8 billion merger between United Parcel Service Inc. (NYSE: UPS) and TNT Express is still expected to be completed by early 2013, despite the announcement today that the CEO of the Dutch-based delivery…
Rail Sector Sinks on Norfolk Southern Earnings Warning (CNI, CP, CSX, KSU, NSC, UNP)
The rail sector has taken a hit this morning after Norfolk Southern Corp. (NYSE: NSC) warned late yesterday that its third-quarter earnings will fall well below expectations. Norfolk Southern now expects earnings of between…
Woeful FedEx Outlook Comes True
    FedEx Corp. (NYSE: FDX) this morning reported first fiscal quarter earnings per share (EPS) of $1.45 on revenue of $10.79 billion. In the same period a year ago, the company…
United Has Worst On-Time Arrival Figures in July
U.S. Department of Transportation’s Air Travel Consumer Report for July is out. It grades, among other things, which airlines are most likely to have on-time arrivals. The data always gets a lot of news…
Transport Sector Causes Problems for Dow Theory Bulls (IYT)
Dow theorists may have a bit of a dilemma on their hands. The Dow Jones Transportation Average ($DJT) is not just down today. The index broke under the 50-day moving average and the 200-day…
Value Conundrum: Priceline Worth More Than All U.S. Airlines Combined (PCLN, UAL, DAL, LCC, LUV, ALK, JBLU, SAVE)
OK, so maybe it pays more to be one of the companies that blew out the travel agent jobs than it does to own an airline. After all, Warren Buffett said to never own…
No Priceline Negotiating After Earnings and Guidance
Priceline.com Incorporated (NASDAQ: PCLN) has just reported earnings for its second quarter and earnings came in at $7.85 per share on an adjusted basis and $1.3 billion in revenue. Thomson Reuters had estimates of…
Dreamliner Trouble
Boeing (NYSE: BA) and Airbus continue to have trouble designing and manufacturing large airplanes that do not break. The Airbus super jumbo A380 has had wing crack problems. The Boeing 787 Dreamliner production was…
Shares of United Tumble on Earnings Miss
Shares of United Continental Holdings Inc. (NYSE: UAL) fell Thursday morning after the company’s second-quarter financials missed analyst estimates. The stock is down 5.54% to $19.28. The 52-week low is $15.51. United’s net income was $339 million for…
Airline Earnings Flying High, Real High (JBLU, LCC, DAL)
With so much interest in airlines of late, we have some reports to evaluate today. Lower fuel prices and full planes may be helping the trend, but the potential AMR buyout from bankruptcy makes…
More Macro Headwinds as UPS Joins Earnings Warning Confession Booth (UPS, FDX)
United Parcel Service, Inc. (NYSE: UPS) is joining the flow of big important companies reporting disappointing earnings. While the earnings were up 7.5% from a year ago, the 2012 guidance is suggesting even more…
Boeing Dreamliner Grounded in Japan
Japanese airlines All Nippon Airways (ANA) grounded 5 of its 11 787 Dreamliners from Boeing Co. (NYSE: BA) following tests that indicate a risk of corrosion in the plane’s Rolls-Royce engines. Three planes have…
U.S. Railroad Merger All About Size
Railroad operator Genesee & Wyoming Inc. (NYSE: GWR) announced this morning that it would acquire RailAmerica Inc. (NYSE: RA) for $27.50 per share in an all-cash deal worth about $1.39 billion. Genesee & Wyoming…
AMR Continues to Battle with US Airways
The battle between management at bankrupt AMR and the management of US Airways (NYSE: LCC) about a possible takeover of the troubled carrier continues. Public comments by US Airways CEO Doug Parker have their…