Union Pacific Chugs Along
Shares of Union Pacific Corp. (NYSE: UNP) are up about 18% over the past 12 months, trailing only Canadian Pacific Railway Ltd. (NYSE: CP), up 21%, and Kansas City Southern (NYSE: KSU), up 20%.…
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Newest first · Page 41Major U.S. Airlines Projected to Post Record Revenue and Near Record Profits for Q2
By the end of next week, AirlineFinancials.com is projecting the seven largest U.S. airlines will have collectively reported $2.0 billion in profits from $37.1 billion in revenue for the second quarter. This will be a record for…
Airbus Accuses Boeing of Starting a Price War
At the close of last week’s Farnborough Air Show near London, Boeing Co. (NYSE: BA) reported that it had taken orders with a list price value of $35.6 billion. Airbus reported new orders with…
Boeing Gets Order for 150 Planes from United
We reported this morning that Boeing Co. (NYSE: BA) was expected to announce an order today for 100 of its new 737 MAX aircraft from United Continental Holding Co. (NYSE: UAL) as the Farnborough…
Boeing, Airbus Tote Up New Orders
The Farnborough Air Show near London ends today, and both Boeing Co. (NYSE: BA) and European Aeronautic Defense and Space Co. (OTC: EADSY), makers of the Airbus family of planes, will tout the number…
AMR Finally Grows Up
AMR filed for Chapter 11 more than seven months ago. Management had harbored hope that the company and its American Airlines operations could emerge as independent operations. AMR has decided to admit that the plan…
Airbus Moves To Alabama
Airbus, the primary rival of Boeing (NYSE: BA), will open a plant in Alabama. It may have made the decision to counter American politicians’ belief that Airbus works in the interests of its European…
Shipper Prices Share Offering; Watch Shares Sink (EGLE, DRYS, EXM, GNK, DSX, FRO, NM, RBS, SAN)
Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock priced at $2.84. Shares…
Ryder Shares Sink on Revised Forecast (R, CNW, FDX)
Shares of Ryder System Inc. (NYSE: R), the truck rental and leasing firm, are getting pummeled today following last night’s revisions to the company’s second quarter and full fiscal year forecasts. The second quarter…
Trucking Companies Point to Stable US Economy (JBHT, LSTR, SWFT, CGI, ODFL, CNW)
As an indicator of US economic trends, the trucking industry has been a consistent leading indicator of the direction the economy is heading. No economic downturn has ever been recorded without trucking first turning…
Airline Satisfaction Ratings More than Fees (ALK, DAL, UAL, AAMRQ, LCC, LUV, JBLU)
While airline fees for checked baggage are decidedly unpopular among travelers, other factors can combine to overcome the negative impact of fees. Low-cost carriers appear to have the advantage here over traditional carriers according…
Airline Industry “Fragile”
The CEO and director general of the International Air Transport Association (IATA) told the group’s annual meeting in Beijing that the industry is “fragile … with serious downside risks.” The IATA has projected that…
FedEx Rate Hike Not Down to Fuel Costs
Jon OggFedEx Corp. (NYSE: FDX) announced this morning that it would raise shipping rates at its FedEx Freight subsidiary by 6.9% beginning in July. The change affects shipments between the US and Canada, with…
Global Airline Industry Loses Lift
The global airline industry is no where close to recovery according to the head of its largest trade association. “Oil prices are high, although moderating somewhat from recent peaks. The European sovereign debt crisis…
Airlines Squeezed On All Fronts
The airline industry was looking like it was all set for recovery just last week. Despite the economic softness, three different analysts were talking up the sector. It turns out that at least for…