FedEx Freight | Some Trucking Companies also had a BIG bounce

I

imported_River17

TB Veteran

Credits

0

• Jun 18, 2009

• #181

Dow Snaps Losing Streak; Techs Skid


YRC Wins Pension Deferral
Trucking company scrambles to raise cash to avoid bankruptcy
YRC Worldwide finalized an agreement with its largest pension fund to defer pension contributions as the trucking company scrambles to raise cash to avoid bankruptcy.
Central States, Southeast and Southwest Areas Pension Fund agreed to allow YRC to use the company’s real estate as collateral in lieu of making $83 million in pension payments to the pension fund. The agreement calls for the company to repay the deferred contributions over three years beginning in January 2010.
YRC Wins Pension Deferral | Journal of Commerce

YRC Worldwide Clarifies Bank Amendment Terms
- Capacity under the revolving credit facility stays at $950 million

- Revolver reserve originally established in the February 12 amendment remains

OVERLAND PARK, Kan., June 18 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW - News) today clarified that the amendment it finalized on June 17, 2009 to its revolving credit facility with its lenders has the same terms in regards to total liquidity and capacity under the facility that existed prior to yesterday's amendment. The new amendment does give the company immediate access to the escrow funds of $73 million by means of revolver capacity that can be borrowed at any time without approval from the lenders so long as the company's cash is below $150 million. The $150 million is a new maximum of cash and cash equivalents that was mutually agreed to by the company and the lender group and set well above the company's average daily cash usage. The company's total liquidity includes its cash balance in addition to the availability under its credit facilities, which in total was $242 million at May 31, 2009.
YRC Worldwide Clarifies Bank Amendment Terms - Yahoo! Finance

FedEx: Still Waiting for an Economic Recovery
The delivery giant's disappointing fourth-quarter results and cautious outlook suggest that a U.S. economic upturn may be delayed
Many investors and economists are betting that an end to the recession is on its way. But the latest results from FedEx (FDX) pose a grim question: What if economic recovery gets lost in transit?
Shipping firms—especially giants such as FedEx and archrival United Parcel Service (UPS)—are closely watched because the strength of their businesses serves as a useful gauge of activity in the broader economy.
FedEx: Still Waiting for an Economic Recovery - BusinessWeek


Dow...8,555.60 +58.42 +0.69%

Nasdaq...1,807.72 -0.34 -0.02%

S&P...500 918.37 +7.66 +0.84%


SAIA...17.82...+1.80...+11.24%
CNW...33.79...+1.91...+5.99%
ODFL...31.93...+1.45...+4.76%
ABFS...30.17...+1.04...+3.57%
FDX...51.96...+1.26...+2.49%
JBHT...31.56...+0.39...+1.25%
KNX...16.60...+0.15...+0.91%
VTNC...9.52...+0.08...+0.85%
HTLD...14.68...+0.11...+0.75%
UPS...48.30...+0.18...+0.37%
LSTR...35.89...+0.11...+0.31%
YRCW...2.06...-0.11...-5.07%

FDX--
Under-the-Radar Tech Stock: VistaPrint | Technology Management Series | Financial Articles & Investing News | TheStreet.com
Quotes for FDX - Yahoo! Finance
Stocks Finish Mixed - BusinessWeek
Step Away From This Unhealthy Market - Yahoo! Finance
FedEx: Still Waiting for an Economic Recovery - BusinessWeek
FedEx reports fourth quarter loss - Memphis Business Journal:
Yahoo!
FedEx Flubs (FDX)

UPS--
Videos On Stock Market & Wall Street News, Trading & Investing News & Market Analysis Videos | TheStreet.com

CNW--
Quotes for CNW - Yahoo! Finance
Trucker YRC pledges real estate to pension fund - Yahoo! Finance

ODFL--
Quotes for ODFL - Yahoo! Finance

YRCW--
Quotes for YRCW - Yahoo! Finance
YRC Worldwide Finalizes Agreement With Teamsters Pension Fund - Yahoo! Finance
YRC completes payment plan with largest pension fund - Kansas City Business Journal:
YRC Worldwide Clarifies Bank Amendment Terms - Yahoo! Finance
YRC Wins Pension Deferral | Journal of Commerce

Dow Snaps Losing Streak; Techs Skid
Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Dow Snaps Losing Streak; Techs Skid - Market Overview * US * News * Story - CNBC.com

Big Three: Ready To Give Them A Second Chance?
Could it be we Americans are ready to take a new look at the Big 3? A couple of data points coming out this week show good news for GM and Chrysler, and by extension of being a domestic auto maker, for Ford as well.
Big Three: Ready To Give Them A Second Chance? - Behind the Wheel with Phil Lebeau - CNBC.com

Girsky On GM Board Is Good For Company
The UAW VEBA fund has named auto consultant and former auto analyst Steve Girsky to the board of General Motors. It's an appointment that should be applauded at GM, in Detroit, and on Wall Street.
Girsky On GM Board Is Good For Company - Behind the Wheel with Phil Lebeau - CNBC.com

Welch Nails It
Former GE CEO Jack Welch discussing Obama's financial reform plan on "Squawk Box" this morning:
Welch: "My whole feeling [not just on the financial reform plan] is let's slow down. I mean, we're touching every corner of this economy. We're going from healthcare, 20 percent of the economy, to the environment with cap-and-trade, which touches every corner. And now this. And he's only been in there four or five months. I hope somebody in Congress says, 'Whoa, let's discuss these things and what the implications are."
Welch Nails It - Money and Politics Blog - CNBC.com

GE Getting Hit Over Regulatory Concerns
Stocks post modest midday rally. Stocks moved up modestly after the open, led by two of the weakest sectors in the past week: financials and commodities.
GE Getting Hit Over Regulatory Concerns - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
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I

imported_River17

TB Veteran

Credits

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• Jun 19, 2009

• #182

Dow Loses 3% for Week; Techs Rally

WEEKEND EDITION

Lufthansa, DHL Launch Joint Cargo Airline
Both give downbeat forecast for global air cargo market
Lufthansa Cargo and DHL Express gave downbeat assessments of prospects for the global air cargo market June 19 as they officially launched their joint cargo airline, AeroLogic.
The new carrier will start service on June 29 with a Boeing 777 freighter flying from its hub at Leipzig airport in Eastern Germany to Asia.
"Our business is an early indicator, but we have no backlog, so I cannot say how things will develop," Deutsche Post DHL chief executive Frank Appel said at an inauguration ceremony at Leipzig airport.
"Until April we saw neither improvement nor deterioration so it looks as though the floor of the crisis has been reached," Appel said.
Lufthansa, DHL Launch Joint Cargo Airline | Journal of Commerce

Oberstar: No Delay for Transportation Bill
House transport leaders reject Obama bid to delay reauthorization 18 months
Leaders of the House Transportation and Infrastructure Committee vowed June 18 to push forward with a new surface transportation bill despite a call from the Obama administration to put the process on hold for 18 months.
Oberstar: No Delay for Transportation Bill | Journal of Commerce

Con-way Driver Reaches 2 Million Accident-Free Miles
Con-way Freight driver Mary Kile was honored for achieving the 2 million accident-free miles -- the second woman at Con-way to do so.
A resident of Broken Arrow, Okla., Kile serves as a driver sales representative for Con-way, and has been racking up the miles since 1989. Kile reached the million-mile mark in 1999.
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information

FedEx Losing Money Means Economy's in Bad Shape
Last month I said that June was significant for two reasons. First, we are going to get our first test of data that could disappoint, which would spell trouble for an overbought market. But, just as important, we need to watch the industrials because there is going to be no sustainable recovery unless these cyclical companies are leading the way. If the recent awful earnings report from FedEx (FDX) is any indication, this sector is still in a world of hurt. The Globe & Mail has a good take on how this is shaping up.
FedEx Losing Money Means Economy's in Bad Shape -- Seeking Alpha

FedEx Corp. F4Q09 (Qtr End 05/31/09) Earnings Call Transcript
FedEx Corp. F4Q09 (Qtr End 05/31/09) Earnings Call Transcript -- Seeking Alpha


Dow...8,539.73 -15.87 -0.19%

Nasdaq...1,827.47 +19.75 +1.09%

S&P 500...921.23 +2.86 +0.31%


SAIA...18.67...+0.86...+4.83%
ODFL...33.30...+1.37...+4.29%
VTNC...9.52...+0.25...+2.70%
KNX...16.89...+0.29...+1.75%
CNW...34.20...+0.41...+1.21%
HTLD...14.79...+0.12...+0.82%
UPS...48.14...-0.16...-0.33%
JBHT...31.41...-0.11...-0.35%
ABFS...30.09...-0.12...-0.40%
FDX...51.45...-0.51...-0.98%
LSTR...35.37...-0.56...-1.56%
YRCW...1.99...-0.06...-2.93%

FDX--
FedEx Fails to Meet Required Business Performance -- Seeking Alpha
FedEx Losing Money Means Economy's in Bad Shape -- Seeking Alpha
Still Tough Going for FedEx -- Seeking Alpha
FedEx Corp. F4Q09 (Qtr End 05/31/09) Earnings Call Transcript -- Seeking Alpha
Yahoo!
Time To Ship Out FedEX?

CNW--
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information

Dow Loses 3% for Week; Techs Rally
Stocks finished a volatile session mixed as traders jockeyed for postions on this quadruple-witching Friday and techs rallied. But major averages finished lower for the week, snapping a four-week winning streak.
Dow Loses 3% for Week; Techs Rally - Market Overview * US * News * Story - CNBC.com

More Powerful Fed? Many In Congress Don't Seem to Like It
Both parties not only question the Fed’s performance but worry that the financial reforms will make the central bank even more politicized.
More Powerful Fed? Many In Congress Don't Seem to Like It - Politics and Government * US * News * Story - CNBC.com

Joblessness Continues to Rise in Nearly Every State
Signs that unemployment pains may be easing in individual US states in April disappeared by May, when jobless rates jumped in 48 states and the District of Columbia, according to data released on Friday.
Jobless Rates Continued to Rise In May In Nearly Every State - Economy * US * News * Story - CNBC.com

Dr. Doom: US Headed for Hyper-Inflation in 5-10 Years
The US is headed toward hyperinflation, and within five to 10 years it could have inflation rates of 10 to 20 percent, said Marc Faber, editor and publisher of the Gloom, Boom & Doom Report.
Hyperinflation Could Hit US In 5-10 Years: Dr. Doom - Economy * US * News * Story - CNBC.com

GM Bondholder Group Objects to Quick Sale of Assets
A small group of General Motors bondholders formally objected Friday to the automaker's plans for a speedy sale of its assets in bankruptcy court, according to court documents.
GM Bondholder Group Objects to Quick Sale of Assets - Automotive * US * News * Story - CNBC.com

The Big Global Auto Shake-Up
While most of us have been focused on the turmoil churning up GM and Chrysler the last 9 months, there's been far less attention given to the fact almost every other auto maker is struggling right now.
The Big Global Auto Shake-Up - Behind the Wheel with Phil Lebeau - CNBC.com

Double Whammy On Quadruple Witching Day
Stocks fell to the lows of the day this afternoon as a couple of issues weighed on the markets.
A Double Whammy On Quadruple Witching Day - Trader Talk with Bob Pisani - CNBC.com

Preparing for the End of Social Security
With the Social Security trust fund set to run out in 2037, many young workers are asking themselves: Why am I paying into a system that might not be there for me?
prepare-end-social-security.html: Personal Finance News from Yahoo! Finance

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-10.html

 

I

imported_River17

TB Veteran

Credits

0

• Jun 22, 2009

• #183

Stocks Hit By Late Selloff Amid Economic Fears


Lufthansa to take over UK's BMI
Settlement with Michael Bishop gains Heathrow slots
London -- Lufthansa, Europe's second largest airline, on June 22 said it will acquire control of BMI British Midland next month after agreeing to an out-of-court settlement with the majority shareholder of one of the UK's leading independent carriers.
Lufthansa also said it will proceed with the acquisition of am initial 45 percent stake in Brussels Airlines and plans to take complete control of the Belgian carrier by 2011 after getting approval from European competition regulators for the $90 million deal.
Lufthansa is also awaiting European Union clearance for its planned acquisition of Austrian Airlines.
Lufthansa to take over UK's BMI | Journal of Commerce

Teamsters proposal would give YRC more operating cash
YRC Worldwide Inc. may get more leeway from its major union, which would provide more operating cash.
According to the Web site of Teamsters for a Democratic Union, a union reform organization, the union proposes that the national contract with YRC be amended to defer pension payments for about 14 months, allowing nearly $500 million in savings to YRC. The proposal includes YRC getting more bank credit and hiring a turnaround consultant.
Teamsters proposal would give YRC more operating cash - Kansas City Business Journal:

Economists Say Recession Will Last Through 2009
OECD forecasts shrinking employment even after recovery begins
“We see a very difficult 2009, with negative growth in the OECD area. Unemployment problems are going to continue to linger,” Gurria told Reuters television. "When the economy starts to grow again, employment will still be shrinking. When you have a very, deep, sharp drop in employment, it takes many years to get back."
Economists Say Recession Will Last Through 2009 | Journal of Commerce

Number of States Banning Texting While Driving Doubles in '09
North Carolina last week became the 14th state to pass a law banning all drivers from text messaging while driving.
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information


Dow...8,339.01 -200.72 -2.35%

Nasdaq...1,766.19 -61.28 -3.35%

S&P 500...893.04 -28.19 -3.06%


SAIA...18.22...-0.45...-2.41%
UPS...46.84...-1.30...-2.70%
FDX...50.05...-1.40...-2.72%
VTNC...9.16...-0.26...-2.76%
KNX...16.37...-0.52...-3.08%
HTLD...14.27...-0.52...-3.52%
CNW...32.75...-1.45...-4.24%
LSTR...33.79...-1.58...-4.47%
JBHT...29.92...-1.49...-4.74%
ODFL...31.70...-1.60...-4.80%
ABFS...28.20...-1.95...-6.47%
YRCW...1.69...-0.30...-15.08%

FDX--
Jim Cramer's Best Blogs | Investing/Opinion | Financial Articles & Investing News | TheStreet.com
Dion's Weekly ETF Winners and Losers | Winners & Losers | Financial Articles & Investing News | TheStreet.com
Finding Stock Gems Among the Rally's Laggards - WSJ.com
Yahoo!
3 Stocks That Blew the Market Away (FDX, CCL, BBY)
The Market Gets a Reality Check

UPS--
The Top 10 Recession Stocks

ODFL--
Old Dominion wins award - eTrucker

YRCW--
Teamsters proposal would give YRC more operating cash - Kansas City Business Journal:
Standard & Poor's Announces Changes to U.S. Indices - Yahoo! Finance
Standard & Poor's changes indexes - Yahoo! Finance

Stocks Hit By Late Selloff Amid Economic Fears
The stock market's losing streak continued Monday, with Wall Street suffering its worst day in two months in a selloff that had some worrying about a long summer for investors.
While banking and commodities led the charge lower, a general malaise among buyers sent stocks down for the fifth time in six trading days, the worst run in nearly a month.
Stocks Hit By Late Selloff Amid Economic Fears - Market Overview * US * News * Story - CNBC.com

Wall Street Pulls Back — How Deep Will Losses Go?
Wall Street is getting some of the pull back it's been looking for, and the question now is how deep will it bite into the market's recent gains.
Market Insider: Tuesday Look Ahead - Market Insider with Patti Domm - CNBC.com

Art Cashin: Fed Statement Key To Bonds
"I think the market is going to struggle a little bit," said Cashin. "I think the wording of the Fed statement in the middle of the week is key. Can they take care of the 'bond vigilantes' and start to bring mortgage rates back down?"
CNBC-Stock Blog: Art Cashin: Fed Statement Key To Bonds - CNBC Stock Blog - CNBC.com

A 'Significant' Market Correction Is Coming: Roubini
The price of oil, which is rising too fast, and long-term interest rates that are beginning to creep up are likely to suppress a budding recovery, famous economist Nouriel Roubini, also dubbed "Dr. Doom," told CNBC Monday.
Oil at $100, Interest Rates May Stifle Recovery: Roubini - Economy * Europe * News * Story - CNBC.com

Ford to Get Loan to Develop Fuel-Efficient Vehicles
The Energy Department is lending money to the Ford Motor from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said Monday.
Ford to Get Loan to Develop Fuel-Efficient Vehicles - Automotive * US * News * Story - CNBC.com

401(k) Matching Contributions In Jeopardy: Study
A quarter of U.S. employers have eliminated or plan to cut matching contributions to employee 401(k) retirement plans to save money amid the economy's downturn, according to research released Monday.
401(k) Matching Contributions In Jeopardy: Study - Companies * US * News * Story - CNBC.com

JD Power: Detroit Lifts Quality But Toyota Still King
Ford, General Motors and Chrysler have made strides in new vehicle quality over the last year, but they still lag behind their foreign competitors, according to a closely watched study released Monday by J.D. Power and Associates.
JD Power: Detroit Lifts Quality But Toyota Still King - Automotive * US * News * Story - CNBC.com

Kudlow: We Don’t Need Obama’s Big-Bang Health-Care Plan
It looks like President Obama’s big-bang health-care reform is going down to defeat. This is good. But my question is why do we need it at all?
We Don’t Need Obama’s Big-Bang Health-Care Plan - Money and Politics Blog - CNBC.com

There Is Good Reason For The Pause
Is the rally over for the year? Not likely, but there is good reason for a pause.
The World Bank taking down global growth rates goes to the core argument of the bears: that the economic recovery (and earnings recovery) will not live up to expectations.
There Is Good Reason For The Pause - Trader Talk with Bob Pisani - CNBC.com

The Man Behind George Soros Is Dead Wrong
Calling out a master investor is analogous to standing in the middle of an open field and calling down the very thunder of Zeus. You're really asking for it.
Yet, I feel that I must, especially because doing so should help you make more money and lose a lot less. So listen up.
The Man Behind George Soros Is Dead Wrong

Now you are up to speed and informed.
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I

imported_River17

TB Veteran

Credits

0

• Jun 23, 2009

• #184

Stocks End Mixed as Boeing Drags on Dow.


Volvo Begins Selling 2010-Compliant Trucks
Volvo Trucks North America said Tuesday it has begun selling heavy-duty trucks that meet new U.S. emissions standards slated to take effect in 2010.
Volvo Begins Selling 2010-Compliant Trucks | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Truckers Take Aim at Oil Speculators
ATA blames 'excessive speculation' as fuel prices rise
Charging that excessive speculation is driving up diesel fuel prices, the American Trucking Associations asked Congress to place new controls on energy futures markets.
The trucking group wants Congress to intervene to increase the transparency of futures markets and impose “reasonable” pricing limits on energy commodities.
Truckers Take Aim at Oil Speculators | Journal of Commerce

YRC Worldwide gets unloaded from S&P MidCap 400
YRC Worldwide Inc. will lose its place in the Standard & Poor’s MidCap 400 index Monday because of its falling market capitalization.
YRC had a market cap of about $100 million at the close of trading on Monday, which ranked it 400th in the MidCap 400 index, S&P said. YRC’s market cap, calculated by multiplying its share price by the number of outstanding shares, fell 7.1 percent on Tuesday, to $93.3 million.
YRC Worldwide gets unloaded from S&P MidCap 400 - Kansas City Business Journal:

J.P. Morgan upgrades FedEx to overweight
NEW YORK (MarketWatch) -- Saying bad news is already reflected in its stock price, J.P. Morgan Chase analyst Thomas R. Wadewitz on Tuesday upgraded FedEx /quotes/comstock/13*!fdx/quotes/nls/fdx (FDX 50.75, +0.70, +1.40%) to overweight from neutral. Wadewitz said in a note to clients. He lifted his price target on the stock to $66 a share from $60 a share.
MarketWatch.com Story


Dow...8,322.91 -16.10 -0.19%

Nasdaq...1,764.92 -1.27 -0.07%

S&P...500 895.10 +2.06 +0.23%


VTNC...9.64...+0.50...+5.47%
FDX...50.75...+0.70...+1.40%
LSTR...34.22...+0.43...+1.27%
UPS...47.20...+0.36...+0.77%
HTLD...14.36...+0.09...+0.63%
KNX...16.45...+0.08...+0.49%
ODFL...31.51...-0.17...-0.54%
SAIA...18.09...-0.12...-0.66%
JBHT...29.59...-0.33...-1.10%
CNW...32.36...-0.39...-1.19%
ABFS...27.15...-1.05...-3.72%
YRCW...1.57...-0.12...-7.16%

FDX--
Quotes for FDX - Yahoo! Finance
Insider Sells $1.5M Worth of Verifone | Investing/Opinion | Financial Articles & Investing News | TheStreet.com
CEO outlook index up from record low, still weak - Yahoo! Finance
Forbes.com Video Network | Markets: Boeing Delays 787
Cramer's Take on Headline Stocks | Stockpickr | Financial Articles & Investing News | TheStreet.com
Stocks Flat In Midday Trading - Forbes.com
MarketWatch.com Story
Stocks Skid as Home Sales, Boeing Weigh on Market - Market Overview * US * News * Story - CNBC.com
Stocks Are Mixed as Treasury-Auction Boost Fades - Market Overview * US * News * Story - CNBC.com

UPS--
Quotes for UPS - Yahoo! Finance
UPS Has a Truck Full of Upside - Barrons.com
The Wall Street Journal Online - WSJ.com Log In

YRCW--
YRC Worldwide Announces Partnership With Army Reserve - Yahoo! Finance
3 Stocks Setting Up For A Bounce
YRC Worldwide gets unloaded from S&P MidCap 400 - Kansas City Business Journal:

Stocks End Mixed as Boeing Drags on Dow
U.S. stocks finished mixed Tuesday as a quick boost from a well-received Treasury auction fizzled and Boeing dragged on the Dow.
U.S. Treasurys rallied Tuesday as investors positioned themselves ahead of the Federal Reserve's statement, due out Wednesday, and strong demand for the kickoff to this week's record bond auctions.
Stocks End Mixed as Boeing Drags on Dow - Market Overview * US * News * Story - CNBC.com

GM Cutting 4,000 White Collar Jobs By End Of Year
General Motors has notified its U.S. white-collar workers that it plans to cut about 4,000 more jobs by the end of the year.
GM Cutting 4,000 White Collar Jobs By End Of Year - Automotive * US * News * Story - CNBC.com

The 86 Biggest Lies On Wall Street
In his newest book, The 86 Biggest Lies on Wall Street, John R Talbott answers my question first by writing, "I know what you're thinking, how was I able to narrow down the number of lies to just eighty-six."
The 86 Biggest Lies On Wall Street - Bullish on Books Blog - CNBC.com

The Electric Car Race Heats Up
They've been jockeying for position for some time. But this morning, auto makers around the world will take big steps in the race to build mass market electric cars. When Energy Secretary Steven Chu announces grants for the development of fuel efficient vehicles and technologies, Ford, Nissan and Tesla will be the immediate beneficiaries.
The Electric Car Race Heats Up - Behind the Wheel with Phil Lebeau - CNBC.com

Farrell: Looking Into The Fed's Crystal Ball
There is little chance, in our opinion, that the Fed will be raising rates anytime soon. The statement that will be issued Wednesday at 2:15pm will try to reduce expectations of any rate increase.
Farrell: Looking Into The Fed's Crystal Ball - CNBC Guest Blog - CNBC.com

"Lowered Expectations" - The New "Green Shoots?"
Stocks are moving sideways on lackluster action. While we are not seeing the active selling we saw yesterday, buyers are clearly hesitant to step in.
"Lowered Expectations" - The New "Green Shoots?" - Trader Talk with Bob Pisani - CNBC.com

Art Cashin: Next Two Days Critical
Monday was the worst day for stocks in about two months. Art Cashin, director of floor operations at UBS offered his insights Tuesday.
In his Tuesday note to investors, Cashin said that the S&P was not able to hold on to its 200 day moving average or its 50 day moving average. That's a key point for Cashin.
"It moves the momentum to the bears. We're a little oversold after Monday's action," said Cashin on CNBC. "The next two days are going to be critical."
CNBC-Stock Blog-Art Cashin: Next Two Days Critical - CNBC Stock Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-10.html

 

L

LTT

TB Lurker

Credits

0

• Jun 23, 2009

• #185

fedex deserves what they get. They wont lower their rates even in this economic funk. I hope UPS swallows them up. I dont know how many times I have heard Fedex sells a premium service so the rates had to be raised. Wake up Fred customers are looking more a shipping prices rather than just the service now a days.

 

I

imported_River17

TB Veteran

Credits

0

• Jun 25, 2009

• #186

Dow Falls for 4th Straight Day; Techs Gain


YRC Pledges to Hire More Military Veterans and Soldiers
YRC Worldwide has partnered with the U.S. Army Reserve in an effort to enhance job opportunities for soldiers and veterans. The move is part of a larger, nationwide initiative of employees to work with the military to find and hire qualified job applicants.
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information

Sector Snap: Shares of truckers and shippers rise
Better-than-expected durable goods orders send shippers' shares up
Shares of major trucking companies and package shippers rose Wednesday, as investors took heart from better-than-expected durable goods orders in May.
The Commerce Department said orders for durable goods -- defined as things that last three years or more -- rose 1.8 percent in May. Economists surveyed by Thomson Reuters anticipated a drop.
The Dow Jones Transportation Average rose 3.2 percent in midday trading, with all 20 component stocks higher.
FedEx shares rose $2.86, or 5.6 percent, to $53.61. UPS added $1.17, or 2.5 percent, at $48.37.
Sector Snap: Shares of truckers and shippers rise - Yahoo! Finance

YRC Worldwide to Begin Discussions with Teamsters to Seek Modifications to Labor Contract
YRC Worldwide Inc. (Nasdaq: YRCW - News) announced today that it will begin discussions with the International Brotherhood of Teamsters ("IBT") to seek to modify the terms of the current labor agreement for its employees covered by the National Master Freight Agreement. These discussions will address alternatives to help to reduce the company's cost structure and preserve operating capital going forward.
YRC Worldwide to Begin Discussions with Teamsters to Seek Modifications to Labor Contract - Yahoo! Finance

Study Finds '07 Diesels Cleaner
Reductions in diesel engine emissions far exceed expectations
Clean diesel technologies in engines manufactured beginning in 2007 not only reduced certain emissions by 90 percent compared to 2004 models, but far exceeded expectations in their performance in cleaning up the nation’s air quality, a new study shows.
Study Finds '07 Diesels Cleaner | Journal of Commerce


Dow...8,299.86 -23.05 -0.28%

Nasdaq...1,792.34 +27.42 +1.55%

S&P 500...900.94 +5.84 +0.65%


YRCW...1.84...+0.27...+17.20%
FDX...52.89...+2.14...+4.22%
SAIA...18.50...+0.41...+2.27%
VTNC...9.84...+0.20...+2.07%
CNW...32.99...+0.63...+1.95%
JBHT...30.08...+0.49...+1.66%
HTLD...14.57...+0.21...+1.46%
LSTR...34.68...+0.47...+1.37%
ODFL...31.84...+0.33...+1.05%
UPS...47.64...+0.44...+0.93%
KNX...16.58...+0.13...+0.79%
ABFS...27.18...+0.03...+0.11%

FDX--
11 Ways to Cut Costs Without Layoffs | Small Business Solutions | Financial Articles & Investing News | TheStreet.com
Sector Snap: Shares of truckers and shippers rise - Yahoo! Finance
http://secure2.thestreet.com/cap/lo...m/p/_yahoo/rmoney/jimcramerblog/10526139.html
This Just In: Upgrades and Downgrades (UPS)
Dont Get Too Bearish: "Things Not as Bad as the Media Suggests," Saut Says: Tech Ticker, Yahoo! Finance

UPS--
The Post Office, FedEx and UPS Model for Health Insurance -- Seeking Alpha
Is U.S. Hyperinflation a Real Possibility?
New Louisville Regional Airport Authority budget 20 percent below last year - Business First of Louisville:

ODFL--
Sector Snap: Shares of truckers and shippers rise - Yahoo! Finance

YRCW--
YRC Worldwide to Begin Discussions with Teamsters to Seek Modifications to Labor Contract - Yahoo! Finance
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information

Dow Falls for 4th Straight Day; Techs Gain
The Dow fell for a fourth straight day Wednesday after the Fed said it expected to keep interest rates exceptionally low for an extended period.
Dow Falls for 4th Straight Day; Techs Gain - Market Overview * US * News * Story - CNBC.com

Signs of Slow Recovery Fuel Worries of Market Pullback
More signs that the US economy is making a slow recovery are fueling worries that a market correction is in the works.
Investors Are Turning Cautious As Economy, Markets Struggle - Markets * US * News * Story - CNBC.com

Federal Reserve Maintains the Status Quo
Facing an economy that is perking up slightly but still deep in recession, the Federal Reserve left its rescue policies unchanged on Wednesday and said that it would keep interest rates low for “an extended period.”
Federal Reserve Maintains the Status Quo - General * US * News * Story - CNBC.com

Jobs' Doctor Speaks
It was extraordinary enough that Methodist University Hospital in Memphis, Tennessee released a statement last night confirming that Apple CEO Steve Jobs had a liver transplant, and the circumstances surrounding how he secured the procedure.
Jobs' Doctor Speaks - Tech Check with Jim Goldman - CNBC.com

Are Google Ad Words An Economic Indicator?
Every day Wall Street looks to a range of indicators to give a hint at where the economy and the stock market is headed. So why not look to Ad behemoth Google for a sign of which key words are attracting what kind of ad dollars?
Are Google Ad Words An Economic Indicator? - Media Money with Julia Boorstin - CNBC.com

Ford's Favored Status
If actions speak louder than words, watch how the Obama administration is dealing with Ford lately.
When the President announced new CAFE standards at the White House, who were the two industry leaders positioned to stand out from the other auto executives?
Ford CEO Alan Mulally and UAW President Ron Gettlefinger.
Ford's Favored Status - Behind the Wheel with Phil Lebeau - CNBC.com

Biden’s Snares And Delusions
President Obama said at his press conference yesterday that no second stimulus package is being contemplated right now. Well, I sincerely hope that’s the case, because the current package is a disaster. It spends far too much for far too little in return. All of this frenzied fiscal nymphomania is placing a tremendous burden on Treasury-bond rates and the U.S. dollar. It is undermining the confidence of key foreign investors like China, Brazil, Russia, and others who have to buy our bonds.
Biden’s Snares And Delusions - Money and Politics Blog - CNBC.com

Why The Fed Did Not Cause Stocks To Sink
The Fed was slightly more positive on the economy, noting that "conditions in financial markets have generally improved in recent months" and that "the pace of economic contraction is slowing."
Why The Fed Did Not Cause Stocks To Sink - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-10.html

 

I

imported_River17

TB Veteran

Credits

0

• Jun 25, 2009

• #187

Stocks Have Their Best Day in Weeks


YRC, Teamsters to Talk Cost Cuts
LTL trucker, union to reopen labor contract for second time as company seeks ‘operating capital’
Six months after winning a 10 percent wage cut from its unionized workers, YRC Worldwide is back at the bargaining table. The troubled company — the largest LTL operator in the country — is asking the Teamsters to help it reduce costs again.
The $8.9 billion carrier, which is trying to stave off bankruptcy, will open talks with the Teamsters June 29 to modify the terms of its current labor agreement.
YRC, Teamsters to Talk Cost Cuts | Journal of Commerce

8 states ask FedEx to reclassify drivers
8 states ask FedEx Ground to properly classify drivers
HELENA, Mont. (AP) -- Attorneys general from Montana and seven other states Thursday asked FedEx Corp. to ensure that FedEx Ground properly classifies its drivers to comply with state employee protection laws.
Thirty states are investigating FedEx Ground to determine if the company is misclassifying FedEx drivers as independent contractors through its owner-operator model. And more than 45 class-action lawsuits have been filed in state and federal courts against the company's classification of drivers.
8 states ask FedEx to reclassify drivers - Yahoo! Finance

Senators Skirmish on Highway Bill
Timing, scarce funds put pressure on lawmakers
Strong words between the chairman of the Senate Environment and Public Works Committee and a senior Republican Thursday morning brought into sharp relief two legislative strategies for a new six-year transportation bill.
Senators Skirmish on Highway Bill | Journal of Commerce

Roadcheck 2009 Results Show Improvement, CVSA Says
Roadcheck 2009 inspections showed significant declines in vehicle and driver out-of-service rates as well as safety belt violations, the Commercial Vehicle Safety Alliance said Thursday.
Roadcheck 2009 Results Show Improvement, CVSA Says | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Canadian Trucking Lost 3,300 Jobs in April
The Canadian trucking industry lost 3,300 jobs in April, making it the third-worst industry in the country for that month, Statistics Canada reported.
Canadian Trucking Lost 3,300 Jobs in April | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Con-way Inc. Schedules 2009 Second Quarter Earnings Announcement, Sets Change in Timing for Future Earnings Releases, Conference Calls
Con-way Inc. Schedules 2009 Second Quarter Earnings Announcement, Sets Change in Timing for Future Earnings Releases, Conference Calls - Yahoo! Finance


Dow...8,472.40 +172.54 +2.08%

Nasdaq...1,829.54 +37.20 +2.08%

S&P 500...920.26 +19.32 +2.14%


FDX...56.29...+3.40...+6.43% J.P. Morgan upgrades FedEx to overweight, and helps with tailwind.
CNW...34.74...+1.75...+5.30%
UPS...49.37...+1.73...+3.63%
ODFL...32.98...+1.14...+3.58%
ABFS...28.12...+0.94...+3.46%
LSTR...35.76...+1.08...+3.11%
JBHT...30.94...+0.86...+2.86%
YRCW...1.89...+0.05...+2.72%
KNX...16.92...+0.34...+2.04%
HTLD...14.80...+0.23...+1.58%
VTNC...9.98...+0.14...+1.42%
SAIA...18.75...+0.25...+1.35%

FDX--
The Best Place to Find Promising Stocks
Companies with Louisville presence make Black Enterprise list - Business First of Louisville:
Will You Be Satisfied With 5% Returns?
AGs from 8 states ask FedEx to reclassify drivers - Yahoo! Finance
8 states ask FedEx to reclassify drivers - Yahoo! Finance

UPS--
Asia's small businesses holding on to workers - Yahoo! Finance
UPS donates $25K to Junior Achievement - Charlotte Business Journal:
Coke, UPS and Aflac make Black Enterprise list - Atlanta Business Chronicle:

CNW--
KG Partners Wins Five Transportation Marketing & Communications Association (TMCA) Compass Awards - Yahoo! Finance
Con-way Inc. Schedules 2009 Second Quarter Earnings Announcement, Sets Change in Timing for Future Earnings Releases, Conference Calls - Yahoo! Finance

YRCW--
YRC, Teamsters to Talk Cost Cuts | Journal of Commerce
YRC Worldwide wants to modify Teamsters labor agreement - Kansas City Business Journal:
YRC to talk to Teamsters on modified labor agreement | Markets | Markets News | Reuters

Stocks Have Their Best Day in Weeks
Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.
The Fed chairman testified on Capitol Hill today, saying he didn't bully Bank of America into buying Merrill.
Stocks Have Their Best Day in Weeks - Market Overview * US * News * Story - CNBC.com

Art Cashin: Markets are 'Staggering'
"The market's staggering a bit here," said Cashin. "We may be at risk at seeing kind of a multiple correction, correction, in which it will frustrate people by them buying into the correction of the rally which then proceeds to correct again and again. We're at a very touchy area here for the markets."
CNBC-Stock Blog-Art Cashin: Markets Are Staggering - CNBC Stock Blog - CNBC.com

Bear Market Lasts Until 2020; Is It Possible?
As you know, on Fast Money we try to talk with strategists and money managers every day about whether the recent rally is a new bull market or just bs.
Bear Market Could Last To 2020 - Rapid Recap - CNBC.com

Bernanke Defends Role in Bank of America/Merrill Deal
Federal Reserve Chairman Ben Bernanke told Congress Thursday he didn't pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers $20 billion.
Bernanke Defends His Role In Bank Of America, Merrill Deal - Economy * US * News * Story - CNBC.com

Texting And Driving Worse Than Drinking and Driving
The folks at Car and Driver Magazine have now documented just dangerous it can be. Rigging a car with a red light to alert drivers when to brake, the magazine tested how long it takes to hit the brake when sober, when legally drunk at .08, when reading and e-mail, and when sending a text. The results are scary.
Texting And Driving Worse Than Drinking and Driving - Behind the Wheel with Phil Lebeau - CNBC.com

King Dollar Liked The FOMC Statement
The Federal Reserve’s policy statement yesterday elicited a strong King Dollar reaction with its mild dose of hawkishness, which I applaud. I’m reading the Fed positively here. There was no announcement of any new debt monetization via Treasury purchases, a slightly more positive economic view, and an end to deflation worries. This all to the good.
The result was a stronger dollar in world currency markets. King Dollar. This is very good.
King Dollar Liked The FOMC Statement - Money and Politics Blog - CNBC.com

A Broad Advance
Stocks briefly lost a little bit of steam as Fitch downgraded the state of California's long-term general obligation bond rating to "A-" from "A" and placed the bonds on Rating Watch negative "based on the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening."
A Broad Advance - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jun 26, 2009

• #188

Dow Logs 2nd Straight Down Week; Techs Gain

WEEKEND EDITION

UPS Launches Joint Venture in Turkey
UPS debuted a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turkey and some portions of Central Asia.
UPS Launches Joint Venture in Turkey | Journal of Commerce

Which Truckers Are In for the Long Haul?
Trucking has been called the "backbone of America." If this statement holds true, then the strain of a struggling U.S. economy is putting many industry players in danger of taking a trip to the emergency room. With weak demand resulting in sinking volumes, freight carriers have been struggling of late. In this article, we examine the three major obstacles trucking firms currently face: weak demand, excess capacity, and intense competition. Although we believe the slump will carry into the near term, we will highlight a few companies we think have the ability to deliver solid returns to investors over the long run.
Which Truckers Are In for the Long Haul? - Yahoo! Finance

Canada Asks for Talks on 'Buy American' Issue
Canadian trade officials would like to discuss with U.S. counterparts an agreement that would enable U.S. and Canadian companies to have reciprocal access to local and municipal government procurement contracts.
“These protectionist, Buy American measures, and that sentiment in Congress, is directed at other countries and not Canada, that was quite clear in our discussions,” Flaherty told reporters after the meetings. “There was a recognition of the mutual self-interest there is here between Canada and the United States in trying to avoid these kinds of measures.”
Canada Asks for Talks on 'Buy American' Issue | Journal of Commerce

May Truck Tonnage Plunges 13.2%
Truck tonnage decreased 11% in May compared with a year ago, but increased sequentially, American Trucking Associations said Friday.
May Truck Tonnage Plunges 13.2% | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Fed reports weak freight
The Federal Reserve’s June 10 report noted trucking remained weak along with the rest of nation’s economy this spring, especially in the Southeast.
Fed reports weak freight - eTrucker

Wyoming Eyes Tolling on I-80
The Wyoming Department of Transportation is considering placing a toll on Interstate 80 across southern Wyoming due to a shortfall of revenue needed to maintain the highway. The state is working on a study to determine the viability of the venture, which should be completed by Sept. 1.
The tolls would hit truckers pretty hard, as trucks make up about half of the highway's traffic and truck traffic on the route is expected to more than double over the next three decades, according to the department. To maintain the highway at its condition for the next three decades, the state would have to shell out $6.4 billion.
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information


Dow...8,438.39 -34.01 -0.40%

Nasdaq...1,838.22 +8.68 +0.47%

S&P 500...918.90 -1.36 -0.15%


ODFL...33.39...+0.41...+1.24%
CNW...35.16...+0.42...+1.21%
HTLD...14.95...+0.15...+1.01%
KNX...17.09...+0.17...+1.00%
UPS...49.86...+0.49...+0.99%
SAIA...18.91...+0.16...+0.85%
LSTR...35.96...+0.20...+0.56%
ABFS...28.18...+0.06...+0.21%
VTNC...9.96...-0.02...-0.20%
JBHT...30.78...-0.16...-0.52%
FDX...55.41...-0.88...-1.56%
YRCW...1.82...-0.07...-3.70%

FDX--
UPDATE 1-UPS launches Middle East, Central Asia joint venture | Markets | Markets News | Reuters
These Tech Stocks Will Make Me Rich (AAPL, JAVA, ORCL, PALM)

UPS--
UPS Launches Joint Venture in Turkey | Journal of Commerce
Joint Venture Positions UPS for Growth in Middle East, Turkey and Central Asia - Yahoo! Finance
UPS to acquire Turkish contractor, launch venture - Yahoo! Finance

CNW, ABFS, JBHT, KNX, HTLD, ODFL--
Which Truckers Are In for the Long Haul? - Yahoo! Finance

YRCW--
YRC Delivers Service Confidence to New Customers - Yahoo! Finance

KNX--
Knight Transportation, Inc. (NYSE:KNX - News)
If a sweet spot exists in the trucking industry, Knight appears to have found it. The company boasts one of the best operating ratios (operating expenses/revenues) in the truckload market. The key to Knight's success appears to be its focus on the short- to medium-length haul market. The firm operates only in select busy freight lanes, picking and choosing routes near its existing service centers. This strategy generates some of the highest profit margins in the business. Although Knight's model is certainly replicable, other firms may be reluctant to enter this niche because a fair amount of infrastructure (terminals) is needed to provide customers with efficient service.
Which Truckers Are In for the Long Haul? - Yahoo! Finance

Dow Logs 2nd Straight Down Week; Techs Gain
The Dow capped another down week with a loss Friday as investors shrugged off a surge in consumer sentiment and instead focused on the fact that consumers are squirreling away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Dow Logs 2nd Straight Down Week; Techs Gain - Market Overview * US * News * Story - CNBC.com

US House Narrowly Passes Major Energy-Climate Bill
In a triumph for President Barack Obama, the House of Representatives passed sweeping legislation that establishes the United States' first limits on pollution linked to global warming and aims to usher in a new era of cleaner, yet more costly energy.
Climate Bill: US House Passes Major Energy-Climate Bill - Economy * US * News * Story - CNBC.com

Recovery Seen in Second Half—but Will Stocks Care?
Stocks enter the second half of the year with trepidation, despite the fact that the economy may finally start to show real signs of recovery.
Stock Market Insider: The Week Ahead - Market Insider with Patti Domm - CNBC.com

Yahoo Sets Traffic Records in Wake of Jackson Death
In an earlier post I talked about the effect Michael Jackson's death was having on various big players on the internet. But one of the biggest players is seeing some of the biggest impact.
Yahoo [YHOO 15.74 0.21 (+1.35%) ] just informed me that Yahoo News set a record in unique visitors with 16.4 million unique visitors in a day.
Jackson Juices Yahoo's Traffic - Tech Check with Jim Goldman - CNBC.com

Marchionne's Silence Speaks Volumes
It's a regular question around Detroit and in the auto industry: When will we finally here from new Chrysler CEO Sergio Marchionne?
At some point, we will hear from Marchionne. We will hear about the steps he's taking to change Chrysler. But for now, he's focused on fixing the auto maker, and not making public promises. Chrysler employees and fans have heard enough promises. They want a fresh start, and Marchionne is moving fast to make it happen with more than just words.
Marchionne's Silence Speaks Volumes - Behind the Wheel with Phil Lebeau - CNBC.com

The Decision That Could Revive Your Retirement Plans
Recovering from last year's portfolio losses won't take as long as you think, according to a new study. Planning to work for just a year or two longer may do the trick...
time-is-on-your-side.html: Personal Finance News from Yahoo! Finance

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jun 30, 2009

• #189

Dow Rallies as Oil Tops $71, Madoff Gets Max


Truck Tonnage Decline Slows in May
Best result in three months as tonnage gains compared with April
Although truckers hauled less freight in May compared with the same month a year ago, the contraction was the best year-over-year result in three months, and tonnage actually increased compared with April of this year.
“I am hopeful that the worst is behind us,” said ATA Chief Economist Bob Costello, “but I just don’t see anything on the economic horizon that suggests freight transportation is ready to explode. The consumer is still facing too many headwinds, including employment losses, tight credit, rising fuel prices, and falling home values, to name a few, that will make it very difficult for household spending to jump in the near term.”
Truck Tonnage Decline Slows in May | Journal of Commerce

OfficeMax and FedEx Align to Better Serve Customers
FedEx Corp. and OfficeMax have announced a multi-year agreement to offer domestic FedEx Express and FedEx Ground shipping in 900+ U.S. OfficeMax retail locations beginning in fall 2009.
“OfficeMax is proud to add FedEx shipping services to the full range of office products and services we offer our customers every day,” said Ryan Vero, EVP and chief merchandising officer for OfficeMax. “FedEx brings convenient, reliable shipping services that will help our customers meet all of their business needs.”
OfficeMax and FedEx Align to Better Serve Customers - Yahoo! Finance

Trucking company Saia changes debt rules
Trucking company Saia changes debt rules to provide financial flexibility
Trucking company Saia said Monday that it has amended its revolving credit facility and senior note facilities
The Johns Creek, Ga.-based company said the changes would provide Saia with financial flexibility to manage its freight business through the recession.
Trucking company Saia changes debt rules - Yahoo! Finance

‘Ice Road Truckers’ game ready
A paid edition of the iPhone and iPod Touch application will allow users to play “Ice Road Truckers” starting today, June 28, although the light version is available free in Apple stores.
‘Ice Road Truckers’ game ready - eTrucker


Dow...8,529.38 +90.99 +1.08%

Nasdaq...1,844.06 +5.84 +0.32%

S&P 500...927.23 +8.33 +0.91%


UPS...50.32...+0.46...+0.92%
ODFL...33.53...+0.21...+0.63%
FDX...55.63...+0.22...+0.40%
VTNC...9.98...+0.02...+0.20%
LSTR...35.86...-0.13...-0.36%
CNW...35.02...-0.14...-0.40%
HTLD...14.86...-0.11...-0.73%
JBHT...30.44...-0.33...-1.07%
SAIA...18.67...-0.31...-1.63%
KNX....16.71....-0.38...-2.22%
ABFS...26.59...-1.60...-5.68%
YRCW...1.68...-0.14...-7.69%

FDX--
Get Ready to Buy
OfficeMax and FedEx Align to Better Serve Customers - Yahoo! Finance
OfficeMax signs multiyear deal with FedEx - Yahoo! Finance
China's SOEs - Forbes.com
OfficeMax to use FedEx shipping services - Memphis Business Journal:
Quantum Computing Gets Big - Forbes.com

UPS--
If FedEx Can Compete with the U.S. Government, Why Can't Health Insurers? -- Seeking Alpha
3 Huge Value Traps You Must Avoid Today

CNW--
Trucking Stocks Facing Road Bumps - Barrons.com
Con-way Inc. Board Declares Quarterly Dividend on Common Stock - Yahoo! Finance

SAIA--
Trucking company Saia changes debt rules - Yahoo! Finance
Saia Amends Credit Agreements - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.

Dow Rallies as Oil Tops $71, Madoff Gets Max
Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel.
Dow Up 1.1% as Madoff Gets Max, Oil Tops $71 - Market Overview * US * News * Story - CNBC.com

Madoff Sentence Cheered, Seen as 'Strong' Message
The 150-year prison sentence issued to swindler Bernard Madoff Monday will send a strong message to other potential perpetrators of fraud and to the financial markets in general, the White House said in a statement Monday.
Madoff Sentence Cheered, Seen as 'Strong' Message - General * US * News * Story - CNBC.com

Art Cashin: How to Tell if The Rally is Dying
The major indexes ended trading up Monday. How should you read it?
"A lot of portfolio managers sat out the rally. Now, the report card is going to come in on July 1: 'What did you have in your portfolio?'"
"Rallies in bear markets tend to be somewhat short, but certainly very sharp — and they die on low volume."
CNBC Stock Blog — Investing, Art Cashin — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Life’s a Pitch
I've interviewed the world's most famous athletes, but when Billy Mays walked in the room that day in Miami to do an interview for my infomercial documentary just a couple months ago, I was still starstruck.
Billy Mays — He Left the World Knowing He Sold It - Sports Biz with Darren Rovell - CNBC.com

Autopsy: Pitchman Billy Mays Had Heart Disease
Television pitchman Billy Mays likely died of a heart attack in his sleep, but further tests are needed to be sure of the cause of death, a medical examiner said Monday.
Medical Examiner's Autopsy: Pitchman Billy Mays Had Heart Disease - General * US * News * Story - CNBC.com

Ford Expects June Sales to Drop Less than 20%
Ford Motor expects its U.S. sales for June to be down 10 percent to 20 percent from a year earlier, giving it a higher share of the largest auto market amid early signs demand has begun to stabilize, an executive said Monday.
Ford Expects June Sales to Drop Less than 20% - Automotive * US * News * Story - CNBC.com

GM Enters Stretch Run To Exit Bankruptcy
It may not emerge from bankruptcy as quick as Chrysler, but GM is entering the stretch run, and can see the finish line. Tomorrow, the country's largest auto maker will be back in bankruptcy court to finalize plans to sell the "good assets" to a new GM that will emerge from bankruptcy with a clean balance sheet.
GM Enters Stretch Run To Exit Bankruptcy - Behind the Wheel with Phil Lebeau - CNBC.com

Madoff Sentenced, But He Didn’t Sing
So Bernie Madoff was sentenced to 150 years in the slammer today. He also delivered one of his now-patented non-repentant repentance speeches in the courtroom. Oh, by the way, his wife Ruth also issued a statement, and she threw him under the bus.
Madoff Sentenced, But He Didn’t Sing - Money and Politics Blog - CNBC.com

Traders Already Eyeing Earnings
This week traders are focusing on housing as an indicator of the strength of the economy, and will have plenty of indicators to digest. The S&P/Case Shiller index will be released tomorrow morning, and May construction spending and pending home sales slated to be released Wednesday. Analysts expect pending home sales and construction spending to be fractionally negative, a reversal from April’s positive move.
Traders Already Eyeing Earnings - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 1, 2009

• #190

Stocks Log Best Quarter in a Decade


UPS Extends Logistics Contract with Ford
Extension comes as sales begin upturn
UPS will continue to deliver new cars to dealers under an extension of its logistics contract with Ford Motor Company.
“While the nation’s automotive industry is currently undergoing a dramatic upheaval, UPS’s finished vehicle logistics model effectively reduces costs for manufacturers such as Ford,” said Paul Hargadon, general manager of UPS’s Automotive Industry Solutions Group. “UPS has been working with Ford since 2000 and has provided improved transit times while lowering logistics costs.”
UPS Extends Logistics Contract with Ford | Journal of Commerce

Countdown to 2010 Emissions
The Diesel Exhaust Fluid Forum conference opened in early November with a number: 414. That was the number of days left before the 2010 emissions deadline, which will see trucks equipped with the next - and maybe the last - level of clean-exhaust technology.
Current Trucking Industry News: TruckingInfo.com : Your Source for Trucking News and Information

Rebound in Trucking Company Share Prices May Be Fragile, Analysts Warn
Trucking stocks have rallied over the past four months despite the sour U.S. economic conditions, but the recent rise in shares is a fragile one, analysts warned.
Between March 9 and mid-June, all but three of the 36 publicly traded fleets’ shares gained value. Con-way shares more than doubled in value, and Arkansas Best Corp. rose 88% to lead the rise among individual companies. The Standard & Poor’s Trucking Index gained more than 61% over the period, outpacing the benchmark Standard & Poor’s 500, which climbed 42%.
Rebound in Trucking Company Share Prices May Be Fragile, Analysts Warn | Transport Topics Online | Trucking, Freight Transportation and Logistics News

FedEx wins kudos over valuation, cost cutting
Barclays, in upgrade, says investors are 'underestimating' profit potential
CHICAGO (MarketWatch) - FedEx Corp. got another upgrade Tuesday as a Barclays Capital analyst lifted the shipping giant to overweight from equal weight on its cost-cutting moves, low valuation and potentially improving margins.
MarketWatch.com Story


Dow...8,447.00 -82.38 -0.97%

Nasdaq...1,835.04 -9.02 -0.49%

S&P 500...919.32 -7.91 -0.85%


YRCW...1.73...+0.05...+2.98%
CNW...35.31...+0.29...+0.83%
JBHT...30.55...+0.11...+0.36%
LSTR...35.98...+0.12...+0.33%
ODFL...33.57...+0.04...+0.12%
FDX...55.62...-0.01...-0.02%
UPS...49.99...-0.33...-0.66%
VTNC...9.90...-0.08...-0.80%
ABFS...26.35...-0.24...-0.90%
HTLD...14.72...-0.14...-0.94%
KNX...16.55...-0.16...-0.96%
SAIA...18.01...-0.66...-3.54%

FDX--
DHL to triple China regional hub this year to expand | Markets | Markets News | Reuters
UPDATE 1-RESEARCH ALERT-Barclays upgrades FedEx to overweight | Markets | Markets News | Reuters
Quotes for FDX - Yahoo! Finance
US STOCKS-Futures modestly higher as investors eye data | Markets | Markets News | Reuters
MarketWatch.com Story
MarketWatch.com Story
Cramer's Take on Headline Stocks | Stockpickr | Financial Articles & Investing News | TheStreet.com

UPS--
Ford Motor Company Extends Logistics Contract With UPS - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
UPS continues logistics for Ford - Atlanta Business Chronicle:
UPS extends contract with Ford - Yahoo! Finance
Kewill Expands Support for UPS Service Offerings - Yahoo! Finance

YRCW--
YRC Worldwide, Teamsters trade plans to bolster trucking company - Kansas City Business Journal:

Stocks Log Best Quarter in a Decade
Stocks ended on a sour note Tuesday, but still managed to deliver their best quarter since 1998.
The S&P 500 jumped 15 percent in the second quarter, its best quarterly performance since the end of 1998. The Dow gained 11 percent in the quarter and the Nasdaq shot up a whopping 20 percent.
Stocks Log Best Quarter in a Decade - Market Overview * US * News * Story - CNBC.com

Art Cashin: Beware Oil's Key Resistance Level
The Dow keeps experiencing minor pullbacks. As the quarter ends, is the big correction finally coming?
"Until we break out of the current trading range, it looks like we'll continue" trading relatively sideways, Cashin said.
CNBC Stock Blog — Art Cashin, Stock Market, Investing, Oil — CNBC.com Market News - CNBC Stock Blog - CNBC.com

California: Bad For Business, Good For Bonds?
The more turmoil in California, the more attractive its bonds? "Yes," says Jon Schotz, Chief Investment Officer at Saybrook Capital in Santa Monica.
California: Bad For Business, Good For Bonds? - Funny Business with Jane Wells - CNBC.com

Going Fast. Deals And Models Harder To Find
Have you been out lately looking for a new car or truck?
If you have, you've probably noticed things are a little different. Those deals that we've seen for months (ok, in many cases years) offering huge discounts are harder and harder to find. It's a little early to say we are done with the days when the buyer could call the shot on most models. You still, have some leverage, but not as much as in the past.
Going Fast. Deals And Models Harder To Find - Behind the Wheel with Phil Lebeau - CNBC.com

The Dow Down, But Not Out
The 3-month winning streak was the longest for the Dow since Aug.-Oct. 2007. However, the other indices continued on to a four-month rally. For the S&P 500, up 0.02% in June, this marks the longest streak since June 2006-January 2007 (8 Months). For the Nasdaq, up a more substantial 3.42%, it’s the longest streak since August 2006-November 2006 (4 Months). And for the Russell 2000, up 1.34%, it’s the longest winning streak since August 2006-January 2007 (6 Months).
The Dow Down, But Not Out - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html
Post 3300.

 

I

imported_River17

TB Veteran

Credits

0

• Jul 2, 2009

• #191

Stocks Rise in Upbeat Start to Second Half


NAFTA Trade Plunge Accelerated in April
Deepest dive yet in seventh straight month of declining business
The surface transportation trade between the United States and its North American Free Trade Agreement partners Canada and Mexico declined 33.1 percent in April compared to April 2008, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
April was the fourth consecutive month of year-over-year decline of more than 27 percent. The decline was the steepest in the seven months of declining business. April surface trade totaled $49.7 billion, down 2.6 percent from March. In April 2008, surface trade with Canada and Mexico was at a high of $74.3 billion. About 88 percent of U.S. trade by value with Canada and Mexico moves by truck, rail and pipeline
NAFTA Trade Plunge Accelerated in April | Journal of Commerce

RFID Sales Projected Growing 5 Percent
Forecast says retailers, governments fuel growth despite downturn
Worldwide RFID sales will increase 5 percent in 2009 to $5.56 billion despite the global economic downturn, according to a forecast by IDTechEx, an international market research and consulting firm.
The firm said sales of RFID tags, readers and software/services for RFID cards, labels, and other products and services are growing even amid the widespread reduction in inventory and shipping.
The report said many segments of the industry are growing at an annual rate of more than 10 percent.
RFID Sales Projected Growing 5 Percent | Journal of Commerce

ISM Manufacturing Index Improves in June
Manufacturing levels in the U.S. improved last month but still showed overall contraction, the Institute for Supply Management said Wednesday.
ISM’s monthly factory services index for June rose to a reading of 44.8, from 42.8 in May, ISM said in its monthly report.
Figures of more than 50 indicate expansion, while below that shows contraction.
ISM Manufacturing Index Improves in June | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Consultant: Overcapacity hurts trucking
The declining overall economy and freight demand both are starting to find a bottom, but overcapacity remains a major concern, warned Eric Starks, president of FTR Associates. “Trucking has limited upside over the next four quarters,” Starks told attendees of the 2009 CCJ Symposium yesterday, June 30, in Birmingham, Ala.
Credit is available, but banks are reluctant to lend to trucking, Starks said. Another phenomenon contributing to overcapacity is what Starks called “zombie truckers” – fleets kept alive by banks that would rather keep them afloat instead of repossessing their equipment. Regarding the used market, many companies are upside down on their trucks, and replacement cycles have been extended because of better equipment and fewer miles being put on it, which Starks said will lead to no measureable prebuy of less-expensive equipment prior to Jan. 1, 2010, when tighter emissions regulations mandated by the U.S. Environmental Protection Agency go into effect.
Consultant: Overcapacity hurts trucking - eTrucker


Dow...8,504.06 +57.06 +0.68%

Nasdaq...1,845.72 +10.68 +0.58%

S&P 500...923.33 +4.01 +0.44%


ABFS...27.83...+1.48...+5.62%
CNW...36.33...+1.02...+2.89%
KNX...16.94...+0.39...+2.36%
ODFL...34.27...+0.70...+2.09%
SAIA...18.34...+0.33...+0.83%
UPS...50.85...+0.86...+1.72%
FDX...56.18...+0.56...+1.01%
HTLD...14.86...+0.14...+0.95%
JBHT...30.66...+0.11...+0.36%
VTNC...9.91...+0.01...+0.10%
LSTR...35.96...-0.02...-0.06%
YRCW...1.71...-0.02...-1.16%

FDX--
Stocks End Quarter on a Down Note - BusinessWeek
Light at the End of 2009 Looks a Bit Brighter - Barrons.com

UPS--
Hispanic Chamber Names UPS Corporation of the Year - Yahoo! Finance

CNW--
AnalystChoice.com Brings You the Best Complimentary Research Report on CNW, FIS, KEY, FDX, GT and ITT - Yahoo! Finance

ABFS--
Arkansas Best Corporation Announces Its Second Quarter 2009 Earnings Conference Call - Yahoo! Finance
Live Call: Arkansas Best Corp. Earnings Conference Call (Q2 2009) - Yahoo! Finance

Stocks Rise in Upbeat Start to Second Half
Stocks got the second half off to a positive start Wednesday after logging their best quarter in a decade.
"We're seeing a classic bull-bear battle here," said Tom Schrader, managing director for U.S. equity trading at Stifel Nicolaus Capital Markets, adding that traders were watching to see if major indexes break above their 200-day moving averages, which could trigger more buying.
Stocks Rise in Upbeat Start to Second Half - Market Overview * US * News * Story - CNBC.com

Obama Pushes Ahead with Transport Fund Rescue
President Barack Obama is pushing ahead with plans to shore up dwindling federal reserves for highway construction and establish a government-run bank to pay for future transportation projects.
Obama Pushes Ahead with Transport Fund Rescue - Politics and Government * US * News * Story - CNBC.com

Ford Passes Toyota For #2 In The U.S.
Oh sure, Ford has outsold Toyota on a monthly basis the last couple of months. But month to month sales can be volatile and not always an accurate reflection of where an automaker is in comparison to its competition. In Ford's case, it is now back in front of Toyota. Selling roughly 10,000 more vehicles this year.
Ford Passes Toyota For #2 In The U.S. - Behind the Wheel with Phil Lebeau - CNBC.com

Studs, Duds, And The Musical Chairs In Autoland
After we get the June auto sales today, we will be halfway through a year that has thrown the auto makers and American car buyers for loop. Some thoughts on what's changed, what's the same, and some trends/ideas worth examining.
Studs, Duds, And The Musical Chairs In Autoland - Behind the Wheel with Phil Lebeau - CNBC.com

Gov. Jenny Sanford? It’s Got a Nice Ring to It
The Business & Media Institute picked up my conversation with the WSJ’s Steve Moore last night about Jenny Sanford, South Carolina Gov. Mark Sanford’s wife, being a possible replacement for her husband in the governor’s mansion.
Gov. Jenny Sanford? It’s Got a Nice Ring to It - Money and Politics Blog - CNBC.com

How Safe Is Your Pension?
If you're entitled to a pension, you might be wondering how your plan is faring and whether you can count on the monthly checks. Here are five points to keep in mind.
safety-pension.html: Personal Finance News from Yahoo! Finance

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 3, 2009

• #192

Stocks End Week With Thud After Jobs Report

WEEKEND EDITION Stock Market closed Friday.

Teamster, YRC Talks to Resume
Negotiations over contract concessions enter second week after July 4 recess
YRC Worldwide and the Teamsters union will extend negotiations on contract concessions that could save the carrier $500 million into a second week.
Union and company officials met in Washington June 29 to discuss proposals, including a plan that would defer YRC Worldwide pension payments for 14 months. The talks will recess for the July 4 holiday and resume July 6.
Teamster, YRC Talks to Resume | Journal of Commerce

Minnesota Trucker Shuts Down
Shipper bankruptcies, declining paper industry hurt 94-year-old Minnesota carrier
Monson Trucking of Duluth, Minn., is shutting down following the loss of two major shipper customers.
The company, founded in 1915, blamed the company's collapse on the recession, the decline of the paper industry and a loss of business following the shutdown of two Canadian paper mills.
Minnesota Trucker Shuts Down | Journal of Commerce

Landstar Buys Supply Chain Software Companies
Technology firms extend truckload carrier groups' reach into shipper freight networks
Truckload carrier Landstar System is expanding off-road by acquiring two technology companies that give it greater reach into shippers’ freight networks.
The Jacksonville, Fla.-based trucking and logistics holding group bought Premier Logistics, Detroit, and A3 Integration, Ann Arbor, Mich., spending about $2 million.
Landstar is creating a new subsidiary, Landstar Supply Chain Solutions, to house the companies.
Landstar Buys Supply Chain Software Companies | Journal of Commerce

Road fatalities hit 47-year low
The U.S. Department of Transportation today announced the number of overall traffic fatalities reported in 2008 dropped to the lowest level since 1961 and that fatalities in the first three months of 2009 continue to decrease. The fatality rate, which accounts for variables like fewer miles traveled, also reached the lowest level ever recorded.
Road fatalities hit 47-year low - eTrucker

Western Express Completes Consolidation With SMX
Western Express will now operate as one company and under one name following its acquisition of Smithway Motor Express in October 2007.
"We've been going through the transition from two companies to one strong company very smoothly," said Matt Neal, Western Express director of recruiting. "It's a good feeling having us all under the same name, operating as one team. We're looking forward to the future."
According to Neal, the merger has eliminated redundancies, improved efficiencies by following best practices, and controlled costs by taking advantage of a common computer platform.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...8,280.74 -223.32 -2.63%

Nasdaq...1,796.52 -49.20 -2.67%

S&P 500...896.42 -26.91 -2.91%


VTNC...9.95...+0.04...+0.40%
ODFL...33.96...-0.31...-0.90%
YRCW...1.69...-0.02...-1.17%
HTLD...14.58...-0.28...-1.88%
ABFS...27.12...-0.71...-2.55%
KNX...16.44...-0.50...-2.95%
CNW...35.23...-1.10...-3.03%
JBHT...29.68...-0.98...-3.20%
FDX...54.32...-1.86...-3.31%
LSTR...34.73...-1.23...-3.42%
SAIA...17.68...-0.66...-3.60%
UPS...48.60...-2.25...-4.42%

FDX--
Video - CNBC.com

CNW, SAIA, ODFL, ABFS, YRCW
YRC, Teamsters end abbreviated week of talks - Yahoo! Finance

ODFL--
Old Dominion Freight Line's Second Quarter Conference Call on the Internet - Yahoo! Finance

YRCW--
Teamster, YRC Talks to Resume | Journal of Commerce
YRC Worldwide, Teamsters expect talks to continue - Kansas City Business Journal:

Stocks End Week With Thud After Jobs Report
Stocks capped their third straight down week with a sharp drop Thursday as a weak jobs report muzzled all the green-shoots talk and investors hunkered down.
"The jobs report was weaker than expected and it throws a little cold water on the economic-rebound story," said Alan Gayle, senior investment strategest at RidgeWorth Capital Management. "I think the market is growing a little impatient with less-bad reports — The market was hoping for less-bad and it got worse than bad."
Stocks End Week With a Thud After Jobs Report - Market Overview * US * News * Story - CNBC.com

California Resorts to 'IOUs' Amid Budget Impasse
As California marked its second day of a new fiscal year without a budget agreement, the state government moved ahead on Thursday to issue billions of dollars in "IOUs" in order to avoid a cash crisis.
California Resorts to 'IOUs' Amid Budget Impasse - Economy * US * News * Story - CNBC.com

Employers Cut 467,000 Jobs; Unemployed Rate 9.5%
Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy.
Employers Cut 467,000 Jobs; Unemployed Rate 9.5% - Economy * US * News * Story - CNBC.com

Are Gas Prices Still Scaring Car Buyers?
40%.
Hyundai says that percentage of people in the market for a new vehicle or worried about gas prices or that factor is influencing what they choose or if they choose what to buy. Hyundai is trying to ease those concerns by running a new promotion where buyers of most Hyundai models join a program where they never pay more than a $1.49 a gallon for the next year. As promotions go, I think it's a smart move. It will get Hyundai in the conversation with many buyers.
Are Gas Prices Still Scaring Car Buyers? - Behind the Wheel with Phil Lebeau - CNBC.com

June Jobs Tell a Bad Story And Obama’s Economic Policies Won’t Help
After nine months of explosive monetary and fiscal stimulus, you’d think economic recovery would be upon us. But the June jobs report tells a much different story.
June Jobs Tell a Bad Story And Obama’s Economic Policies Won’t Help - Money and Politics Blog - CNBC.com

10 Places for Entrepreneurs to Retire
The number of baby boomers starting businesses in retirement is likely to rise. Here are some enticing cities for enterprising golden agers to set up shop.
10-great-places-for-entrepreneurs-to-retire.html: Personal Finance News from Yahoo! Finance

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 7, 2009

• #193

Dow Ekes Out a Gain Amid Bargain Hunting

FedEx sees first signs for H2 turnaround -report
FRANKFURT, July 5 (Reuters) - Package delivery giant and U.S. economic bellwether FedEx Corp (FDX.N) is seeing signs for a potential turnaround in the second half as production seemed to be picking up again, German magazine WirtschaftsWoche reported.
Michael Ducker, in charge of FedEx' international business, told WirtschaftsWoche in an interview to be published on Monday that the downturn was easing and its internationally transported volumes had not fallen further compared with the previous quarter.
FedEx sees first signs for H2 turnaround -report | Markets | Markets News | Reuters

Oberstar’s Road Bill Faces Survival Test
Key Senators Back Administration Position
With the White House standing in his path and a pair of well-placed senators lining up with the administration, the guessing game in Washington is how long House Transportation Committee Chairman James Oberstar can keep his six-year highway reauthorization bill alive in Congress.
Oberstar’s Road Bill Faces Survival Test | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Obama Taps Elliott to Chair Surface Transportation Board
Rail union attorney would head key rail regulator for rail mergers, shipper disputes
President Obama nominated Daniel R. Elliott III, an associate general counsel at the United Transportation Union, to become the next chairman of the Surface Transportation Board.
Some observers had said they expected Obama to pick someone new to chair the agency, after he installed Mulvey in an acting capacity. The agency regulates highly sensitive issues of rail mergers, shipper disputes over rail pricing and service, and community complaints over disruptions from rail activity.
Obama Taps Elliott to Chair Surface Transportation Board | Journal of Commerce

Navistar, CAW Deadlocked on Ontario Plant Talks
The Canadian Auto Workers said it has rejected a proposal from Navistar International Corp. to keep the company’s Chatham, Ontario, heavy-duty truck plant open, while a Navistar spokesman said the plant will remain closed until a new labor agreement is reached.
Navistar, CAW Deadlocked on Ontario Plant Talks | Transport Topics Online | Trucking, Freight Transportation and Logistics News

ISM Services Index Improves
The U.S. economy’s service sector improved last month, showing the smallest level of contraction in nine months, the Institute for Supply Management said Monday.
ISM’s monthly services index rose to a reading of 47 in June, from 44 in May, the group said in its monthly report.
ISM Services Index Improves | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...8,324.87 +44.13 +0.53%

Nasdaq...1,787.40 -9.12 -0.51%

S&P 500...898.72 +2.30 +0.26%


FDX...56.04...+1.72...+3.17%
ODFL...34.46...+0.50...+1.47%
UPS...49.14...+0.54...+1.11%
KNX...16.56...+0.12...+0.73%
HTLD...14.68...+0.10...+0.69%
LSTR...34.85...+0.12...+0.35%
JBHT...29.68...+0.00...+0.00%
VTNC...9.90...-0.05...-0.50%
CNW...34.56...-0.67...-1.90%
ABFS...26.57...-0.55...-2.03%
SAIA...16.92...-0.76...-4.30%
YRCW...1.60...-0.09...-5.33%

FDX--
FedEx sees first signs for H2 turnaround -report | Markets | Markets News | Reuters
FedEx Delivers a Glimmer of Hope-Minyanville
Yahoo!
Monday Morning Quarterback: Let the Games Begin!-Minyanville
Dividend.com: Midday Playbook - Yahoo! Finance
College Football Playoffs Could Drive Up Cable Revenues - WSJ.com
A 1-in-100 Investor (YRCW)

UPS--
UPS and Boys & Girls Club of Chicago Promote Safe Driving Program for Teenagers - Yahoo! Finance
Fewer Stocks Can Mean Higher Returns
Video - CNBC.com
Cramer's 'Mad Money' Recap: Getting the Big Picture (Final) | Mad Money Recap | Financial Articles & Investing News | TheStreet.com
Cramer's 'Mad Money' Recap: Getting the Big Picture (Final) | Mad Money Recap | Financial Articles & Investing News | TheStreet.com

VTNC--
Vitran Corporation Inc. to report 2009 second quarter results and host investor conference call and webcast July 23 - Yahoo! Finance
Live Call: Vitran Corporation Earnings Conference Call (Q2 2009) - Yahoo! Finance

YRCW--
YRC Worldwide, Teamsters will resume talks Wednesday - Kansas City Business Journal:

Dow Ekes Out a Gain Amid Bargain Hunting
Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market.
Dow Ekes Out a Gain Amid Bargain Hunting - Market Overview * US * News * Story - CNBC.com

Art Cashin: The S&P's 'Head and Shoulders' Number
The Dow is down 5.65 percent YTD and the S&P 500 had its lowest closing value since June 23 (as of this writing). With earnings season upon us, what's the stock-market outlook?
CNBC Stock Blog — Art Cashin, Investing — CNBC.com Market News - CNBC Stock Blog - CNBC.com

GM to Get Final $20 Billlion From US This Year
General Motors has been given about a third of the bankruptcy financing promised by the U.S. Treasury and will get the remaining $20 billion over the remainder of the year, a senior U.S. official said Monday.
GM to Get Final $20 Billlion From US This Year - Automotive * US * News * Story - CNBC.com

GM A Step Closer To Exiting Bankruptcy
If all goes as planned and GM [GMGMQ 0.702 -0.118 (-14.39%) ] comes out of bankruptcy Thursday afternoon the country's largest auto maker will have gone in and out of Chapter 11 in 40 days. On one hand it's remarkable how quickly the process went. On the other hand, when Uncle Sam is willingly backing your journey through court and is really the only option, it's not surprising the court approved the deal.
GM A Step Closer To Exiting Bankruptcy - Behind the Wheel with Phil Lebeau - CNBC.com

March Lows Will Hold — So Buy Equities: Strategists
Doug MacKay of Broadleaf Partners and Bill Spiropoulos of Corestates Capital Advisors agree: The March bottom will hold — and you want to be in equities now.
CNBC Stock Blog — Investing, Equities — CNBC.com Market News - CNBC Stock Blog - CNBC.com

How Strong Is The Recovery?
Stocks are modestly lower this morning as a firmer dollar sends commodities and commodity stocks noticeably lower today.
Ahead of the open, traders had their eyes on 893 on the S&P, a level that the index indeed broke below right soon after the open. If the S&P closes below that threshold today, it would close at its lowest level since before Memorial Day. The Dow is already at 1-month low.
How Strong Is The Recovery? - Trader Talk with Bob Pisani - CNBC.com

4 Investing Rules You Should Rethink
The investment realm is full of experts touting conventional nuggets of wisdom. But some common axioms don't stand up to close scrutiny -- or no longer apply.
four-investment-rules-to-ignore: Personal Finance News from Yahoo! Finance

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 8, 2009

• #194

Stocks Hit 10-Week Low; VIX Tops 30


UPS to cut airline emissions by 20 percent by 2020
UPS aims to cut carbon emissions of its airline by 20 percent by 2020
NEW YORK (AP) -- UPS Inc. said Tuesday it has adopted a plan to reduce the carbon emissions of its air fleet by 20 percent by 2020.
The world's largest package delivery company said it plans to achieve the goal by investing in more fuel-efficient aircraft and jet engines, finding more ways to conserve fuel and introducing biofuels
UPS has a total of 263 aircraft, making it the ninth largest airline in the world. It transports an average of 2.1 million packages and documents by air each day.
UPS to cut airline emissions by 20 percent by 2020 - Yahoo! Finance

Milan Express, New Century Form LTL Partnership
'Lightning Alliance' to speed LTL freight between South, Midwest, Northeast
Milan Express and New Century Transportation formed a “Lightning Alliance” to speed less-than-truckload freight from the Midwest and Southeast to the Northeast.
The alliance extends both carriers’ reach, expanding Milan Express’s territory northward and adding New Century’s “hybrid” LTL and expedited services to its portfolio of service offerings.
New Century Transportation, Westampton, N.J., has a direct-to-load model of LTL carriage first devised by its chairman, Harry Muhlschlegel, for his previous company, Jevic Transportation. Freight is delivered direct rather than through a hub-and-spoke terminal network.
Milan Express, New Century Form LTL Partnership | Journal of Commerce

Freightliner Rolls Out Natural Gas Truck
Manufacturer says Class 8 can save owners up to $6,000 a year in fuel, operating costs
Freightliner Truck, the largest heavy truck maker in North America unveiled a natural gas-powered Class 8 tractor June 7 aimed at the port, drayage and utility markets.
The Business Class M2 112 NG not not only cuts pollution compared with its diesel counterpart but can save as much as $6,000 a year in annual fuel and operating costs, Portland, Ore.-based Freightliner said.
Freightliner Rolls Out Natural Gas Truck | Journal of Commerce

Trucking jobs drop in June
Payroll employment among for-hire trucking companies in June dropped 0.9 percent from May levels and 9.2 percent from June 2008 on a seasonally adjusted basis, according to preliminary figures released by the U.S. Department of Labor’s Bureau of Labor Statistics. The latest numbers also reflect a slight upward revision in trucking employment levels for May and a slight downward revision for April.
With the estimated 11,000 jobs lost in May, the trucking industry has lost more than 75,000 jobs since the end of 2008 – a decline of 5.6 percent. Job cuts since the beginning of August when trucking job cuts began to accelerate total 124,700, or 9 percent.
Trucking jobs drop in June - eTrucker


Dow...8,163.60 -161.27 -1.94%

Nasdaq...1,746.17 -41.23 -2.31%

S&P 500...881.03 -17.69 -1.97%


ABFS...27.71...+1.14...+4.29%
SAIA...17.53...+0.61...+3.61%
VTNC...10.07...+0.17...+1.72%
ODFL...34.80...+0.34...+0.99%
CNW...34.60...+0.04...+0.12%
HTLD...14.55...-0.13...-0.89%
KNX...16.35...-0.21...-1.27%
LSTR...34.01...-0.84...-2.41%
UPS...47.72...-1.42...-2.89%
FDX...54.32...-1.72...-3.07%
JBHT...28.76...-0.92...-3.10%
YRCW...1.24...-0.36...-22.50%....OUCH!!!

FDX--
Alcoa Results, What Do They Mean For Materials & Markets? - Tomorrows Playbook - CNBC.com
Nine Tips for Downturn Entrepreneurs - Yahoo! Finance
Stocks for the Next Great Depression

UPS--
Today's Outrage: Limiting Energy Futures | Opinion | Financial Articles & Investing News | TheStreet.com
Today's Outrage: Limiting Energy Futures | Opinion | Financial Articles & Investing News | TheStreet.com
New UPS Sustainability Report Sets Carbon Reduction Goal - Yahoo! Finance
UPS to cut airline’s carbon output - Atlanta Business Chronicle:
Double Your Dividends in Six Years
UPS to cut airline emissions by 20 percent by 2020 - Yahoo! Finance

CNW--
Menlo Worldwide Logistics Selected by Teachers' Curriculum Institute for Warehouse Management - Yahoo! Finance

Stocks Hit 10-Week Low; VIX Tops 30
Stocks fell to their lowest level in 10 weeks Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the banking and pharmaceutical sectors.
The shift in mood has sent the CBOE Volatility Index, widely considered the best gauge of fear in the market, higher. The VIX ended at 30.85. Just last week, the index had fallen below 25, suggesting it may go below 20. Then sentiment turned and the VIX bounded higher.
Stocks Hit 10-Week Low; VIX Tops 30 - Market Overview * US * News * Story - CNBC.com

Art Cashin: Dow Trapped in 17-Year Cycle
Two market obsessions now: Earnings season kicks off tomorrow (Wednesday) with Alcoa; and debate rages over the need for a second stimulus package.
"There was no 'stimulus' in the stimulus package. It was mostly social engineering," Cashin said. Thus, talk of a new plan is shaking markets with fears of even more debt — with "nothing to show for it."
CNBC Stock Blog — Art Cashin, Investing — CNBC.com Market News - CNBC Stock Blog - CNBC.com

T. Boone Pickens Calls Off Massive Texas Wind Farm
Plans for the world's largest wind farm in the Texas Panhandle have been scrapped, energy baron T. Boone Pickens said Tuesday, and he's looking for a home for 687 giant wind turbines.
Pickens Calls Off Massive Wind Farm in Texas - Alternative and Green * Green * News * Story - CNBC.com

Inside Track: Refueling the Business of NASCAR
Once The fastest growing sport in America, NASCAR is now threatened by an imploding car business and shrinking sponsorship budgets that are the sport’s very lifeblood.
CNBC’s Darren Rovell has the inside track on the sponsors, superstar drivers and fans that have made NASCAR a multi-billion dollar business.
Inside Track: Refueling the Business of NASCAR  - Inside Track Slideshow - CNBC.com
Inside Track: Refueling the Business of NASCAR, Car Business, Speedways, Sport, Corporate Sponsorship, Industry, Auto Racing, Stock Car, Economy, Branding - CNBC.com

FDA Accepts Application for Weekly Diabetes Drug
Exenatide is the primary ingredient of Byetta, a treatment for type 2 diabetes. While Byetta is injected twice a day, the newer drug is intended to be injected weekly. Both products are designed to help diabetes patients keep their blood glucose under control by sending a signal to the pancreas, leading to the production of insulin. That reduces appetite and can also reduce weight.
FDA Accepts Application for Weekly Diabetes Drug - Pharmaceuticals * US * News * Story - CNBC.com

Residual Values Hold Up Through Bankruptcy
When you have a car company going through the great unknown of bankruptcy, you take the good news when it pops up. For Chrysler, the good news is the way residual values for new Chrysler vehicles are not only holding up, but actually rebounding a bit from when the company first filed for bankruptcy. It is the kind of proof the supports the arguments from the White House and elsewhere that bankruptcy would help, not hurt, Chrysler and GM.
Residual Values Hold Up Through Bankruptcy - Behind the Wheel with Phil Lebeau - CNBC.com

Minimum Wage Debate
With jobs falling and recession lingering, is now the time to cut taxes and stop the minimum wage hike scheduled for July 24th?
Minimum Wage Debate - Money and Politics Blog - CNBC.com

Bigger And Better Things For "Sarah America"
I’m all for Governor Sarah Palin’s move over the weekend.
It’s time for her to get out of Alaska’s small town, ankle-biting politics. Now she can take her show on the road.
This is a woman brimming with charisma and raw political appeal. That’s why everyone’s afraid of her, and attacking her.
Bigger And Better Things For "Sarah America" - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 9, 2009

• #195

Stocks Eke Out a Gain;Alcoa Rises


Bankruptcy at YRC Worldwide still likely: Morgan Keegan
July 8 (Reuters) - Morgan Keegan said a bankruptcy at the struggling U.S. trucking company YRC Worldwide Inc (YRCW.O) was "still likely in the near to mid-term" and moved the stock to "not rated" from "market perform."
The union has offered a deferral plan for pension payments in the short term, while YRC has proposed to the Teamsters a termination of pension payments for about 14 months, with the value of those payments totaling about $500 million, analyst Art Hatfield said in a note.
YRC's proposal, if agreed to by the union, will provide the company with much-needed liquidity, the analyst said.
UPDATE 1-Bankruptcy at YRC Worldwide still likely: Morgan Keegan | Markets | Markets News | Reuters

FedEx Ground Celebrates Opening of New Chicago Distribution Hub
PITTSBURGH--(BUSINESS WIRE)--As part of an ongoing national expansion plan, today FedEx Ground, the small-package ground delivery unit of FedEx Corp. (NYSE: FDX - News), is celebrating the opening of a major distribution hub in Chicago, Ill., increasing the company’s presence in the Chicagoland area. Joining the celebration of the $125 million facility is FedEx Ground President and CEO David F. Rebholz and FedEx-sponsored NASCAR driver #11 Denny Hamlin.
FedEx Ground Celebrates Opening of New Chicago Distribution Hub - Yahoo! Finance

Rothschild reviewing possible YRC bond deals: source
CHICAGO (Reuters) - Struggling No. 1 U.S. trucking company YRC Worldwide Inc (NasdaqGS:YRCW - News) has asked investment bank Rothschild to evaluate potential bond exchanges as part of its restructuring plans, according to a source familiar with the matter.
Rothschild which specializes in mergers and acquisitions and restructuring, including providing bankruptcy advice.
YRC has also been working with financial advisory firm Tenex Capital Management for six months on restructuring plans.
Rothschild reviewing possible YRC bond deals: source - Yahoo! Finance

Source: Trucker bankruptcy rumors 'overblown'
Restructuring consultant says rumors about possible YRC Worldwide bankruptcy are 'overblown'
NEW YORK (AP) -- An executive from one of the companies called upon to offer a restructuring plan for YRC Worldwide Inc. said Wednesday the prediction the beleaguered trucker will soon file for bankruptcy is "overblown."
Financial adviser Tenex Capital Management is guiding the company through the steps of restructuring while avoiding a bankruptcy filing. Responding to several reports of impending bankruptcy in an interview with The Associated Press, the person asked to remain anonymous because of the sensitivity of the talks.
"We don't think filing is the most effective way to do it," this person said. "We believe there are ways to make this work without bankruptcy."
Source: Trucker bankruptcy rumors 'overblown' - Yahoo! Finance

YRC Worldwide Provides Update on Comprehensive Plan
OVERLAND PARK, Kan., July 8 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW - News) announced today additional progress in its comprehensive plan to realize efficiencies from the YRC integration, restore financial strength, and position its operating companies for future success.
The progress report includes updates on five key areas:
1) Network re-engineering
2) Continued support from lender group
3) Pension fund progress
4) Teamsters discussions
5) Retention of advisors
"We can't control the economic environment, but we certainly can and are controlling our response to it," said Bill Zollars, Chairman, President and CEO of YRC Worldwide. "Our self-help recovery plan is proactive and has the support of our stakeholders. We are taking the steps needed to manage our plan today, and position our company for success as the economy recovers."
YRC Worldwide Provides Update on Comprehensive Plan - Yahoo! Finance


Dow...8,178.41 +14.81 +0.18%

Nasdaq...1,747.17 +1.00 +0.06%

S&P...500 879.56 -1.47 -0.17%


CNW...35.29...+0.69...+1.99%
ODFL...35.16...+0.36...+1.03%
SAIA...17.70...+0.17...+0.97%
ABFS...27.97...+0.26...+0.94%
LSTR...34.32...+0.31...+0.91%
UPS...47.88...+0.16...+0.34%
JBHT...28.71...-0.05...-0.17%
HTLD...14.49...-0.06...-0.41%
KNX...16.24...-0.11...-0.67%
VTNC...9.95...-0.12...-1.19%
FDX...53.36...-0.96...-1.77%
YRCW...0.89...-0.35...-28.23% Double OUCH!!

FDX--
Why FedEx and UPS Are Better Economic Indicators than Alcoa -- Seeking Alpha
FedEx Ground Celebrates Opening of New Chicago Distribution Hub - Yahoo! Finance
Five Transportation-Sector Stocks on the Move-Minyanville
FedEx Ground opens $125M distribution hub in Chicago - Memphis Business Journal:
CNBC Stock Blog — Options Trading, Transports — CNBC.com Market News - CNBC Stock Blog - CNBC.com
Poll: Would-be homebuyers cautious as layoffs rise - Yahoo! Finance

UPS--
3 Recovery Picks To Get On Your Radar, Pronto! - Tomorrows Playbook - CNBC.com
UPS opens first phase of Worldport expansion - Business First of Louisville:
Alaska Air seeking to preserve fuel, cut emissions - Yahoo! Finance
Video - CNBC.com
'Fast Money' Recap: Gauging Alcoa's Impact | Fast Money Recap | Financial Articles & Investing News | TheStreet.com

CNW--
Live Call: Con-Way Second Quarter 2009 Earnings Call - Yahoo! Finance

YRCW--
UPDATE 1-Bankruptcy at YRC Worldwide still likely: Morgan Keegan | Markets | Markets News | Reuters
Rothschild reviewing possible YRC bond deals: source - Yahoo! Finance
Source: Trucker bankruptcy rumors 'overblown' - Yahoo! Finance
YRC Worldwide Provides Update on Comprehensive Plan - Yahoo! Finance
UPDATE 1-Rothschild reviewing possible YRC bond deals-source | Markets | Markets News | Reuters

Stocks Eke Out a Gain;Alcoa Rises
Stocks finished higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings
Stocks had opened higher, then retreated for much of the day, before squeaking out a 7th-inning win.
Stocks Eke Out a Gain; Alcoa Rises - Market Overview * US * News * Story - CNBC.com

Kudlow: How Washington Can Help Businesses
Are the stock market and economy taking turns for the worse? Do we really need a new stimulus plan from Washington? Private hours worked continue to free-fall. Hourly wages have flattened. It was a nasty report. Job losses are still substantial. It’s a powerful and nasty combination. While I am an optimist by nature, this does worry me. It suggests a later, and weaker, economic recovery.
Washington Needs to Help Businesses for a Change - Money and Politics Blog - CNBC.com

Art Cashin: Stimulus Package Was a 'Hoax'
The Dow, S&P and Nasdaq each gained Wednesday, led by commodity stocks; Alcoa is poised to report earnings after the bell. Oil fell on economic fears as some called for controls on speculation-driven prices.
Cashin reiterated his belief that another government stimulus package would be useless — because the first package was "part illusion, part hoax." And now that the economy's problems seem to be continuing, "the fire extinguisher's empty," he said.
CNBC Stock Blog — Art Cashin, Investing, CNBC.com Market News - CNBC Stock Blog - CNBC.com

Former Met Lenny Dykstra Files for Bankruptcy
Baseball legend Lenny Dykstra filed for Chapter 11 bankruptcy protection today, which puts a hold on the planned foreclosure auction tomorrow of his $25 million Ventura County mansion.
He bought the home from Wayne Gretzky for $17.5 million, a sprawling estate nicknamed "Wayne's World" by those who live behind the gates of Sherwood Country Club.
Attorney Hackett tells CNBC that Dykstra is the victim of "an awful lot of mortgage fraud", blaming Washington Mutual, now owned by JPMorgan Chase
Former Star Center Fielder Lenny Dykstra Files for Bankruptcy - Financials * US * News * Story - CNBC.com

Are Diesels Better Than Hybrids?
I get the e-mails on a pretty regular basis. Almost all of them say the same thing: clean diesel cars are a great alternative for people who want fuel efficiency and a better driving experience so why aren't Americans waking up and buying more diesels? Invariably, we have an e-mail exchange where I say there are not many diesel models for sale, and many Americans still remember the days when diesel cars were smelly, noisy, and incredibly unimpressive. The diesel lovers respond, "don't be ignorant" about the virtues of the new clean diesel models.
Are Diesels Better Than Hybrids? - Behind the Wheel with Phil Lebeau - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 10, 2009

• #196

Stocks Eke Out Another Gain; Pharmas Drag

'Brutal' Cargo Market Hammers Air France-KLM
Europe's top cargo carrier considers temporary layoffs, director general says
The head of Air France-KLM said Thursday that Europe’s biggest airline is mulling part-time jobs or temporary layoffs to combat the “brutal” situation in cargo and passenger air demand.
“We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,” Air France-KLM’s director general Pierre-Henri Gourgeon told the Figaro newspaper. “The drop is also very high for premium passengers,” he said.
Air France-KLM, which is also Europe’s top cargo carrier, in May said it plans to shed 3,000 jobs in the fiscal year to end-March through attrition.
'Brutal' Cargo Market Hammers Air France-KLM | Journal of Commerce

Teamsters, YRC Reach Tentative Agreement
Details not released, but Teamsters note 'shared sacrifice' with company
The nation’s largest trucking company, YRC Worldwide, reached a tentative agreement with the Teamsters union to address the beleaguered carrier’s cash problems.
The tentative agreement followed reports July 8 that the company and union were not likely to reach a deal and an analyst said a bankruptcy was likely in the near term.
Details of the agreement were not released July 9, but the union said it calls for “shared sacrifice” by the company and its 35,000 union employees.
“We are confident this tentative agreement balances the need to provide job security while maintaining good quality jobs,” he said.
Teamsters, YRC Reach Tentative Agreement | Journal of Commerce

DOT Freight Index Falls 14.8% in May
The Department of Transportation said its freight transportation services index fell 14.8% in May from a year earlier to its lowest level in 12 years.
The drop to 94 was the largest May-to-May drop in the 20-year history of TSI calculations, DOT’s Bureau of Transportation Statistics said in its monthly report Wednesday. The TSI fell 0.6% from April.
DOT Freight Index Falls 14.8% in May | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Truck Orders Show First Boost in Three Months
June truck orders for all major North American OEMs rose 9.7 percent from May, according to a report by FTR Associates. This is the first rise in three months.
"June's increase is a welcome sign that the heavy-duty market continues to stabilize, although at very low levels," said Eric Starks, president of FTR. "We expect to see additional slow improvement through the end of the year, but meaningful increases in equipment purchases will necessarily await higher freight demand. We do not foresee more freight moving for some time yet."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...8,183.17 +4.76 +0.06%

Nasdaq...1,752.55 +5.38 +0.31%

S&P 500...882.68 +3.12 +0.35%


YRCW...1.49...+0.60...+67.42% Triple OUCH for the shorts.
VTNC...10.06...+0.11...+1.10%
FDX...53.93...+0.57...+1.07%
LSTR...34.45...+0.13...+0.38%
UPS...48.02...+0.14...+0.29%
JBHT...28.44...-0.27...-0.94%
KNX...16.06...-0.18...-1.11%
HTLD...14.32...-0.17...-1.17%
CNW...34.80...-0.49...-1.39%
ABFS...27.14...-0.83...-2.97%
SAIA...17.10...-0.60...-3.39%
ODFL...33.53...-1.63...-4.64%

FDX--
Poll: Would-be homebuyers cautious as layoffs rise - Yahoo! Finance
FedEx ranks No. 200 on Fortune’s Global 500 list - Memphis Business Journal:

UPS--
Five Atlanta companies on Global 500 - Atlanta Business Chronicle:

SAIA--
Live Call: Saia, Inc. Earnings Conference Call (Q2 2009) - Yahoo! Finance

ODFL--
AnalystChoice.com Brings You the Best Complimentary Research Report on INFY, ANPI, SUSQ, ODFL, LSTR and CWTR - Yahoo! Finance

YRCW--
Analyst: YRC bankruptcy is ‘likely in the near to mid-term’ - Kansas City Business Journal:
Teamsters, YRC Reach Tentative Agreement | Journal of Commerce
Trucker YRC looking for concessions - Yahoo! Finance
YRC offers update on turnaround efforts - Kansas City Business Journal:
Outlook roundup: YRC Worldwide, TJX - Yahoo! Finance
YRC Worldwide Reaches Tentative Agreement with Teamsters - Yahoo! Finance
YRC Worldwide, Teamsters reach tentative agreement - Kansas City Business Journal:
Summary of YRC WORLDWIDE INC - Yahoo! Finance
AIG, Merck, YRC Worldwide are big movers - Yahoo! Finance

Stocks Eke Out Another Gain; Pharmas Drag
Stocks squeaked out another gain Thursday as investors were encouraged by Alcoa's beat and a drop in jobless claims but pharmaceutical and retail stocks dragged.
It was a turbulent session, with the Dow crossing zero 108 times.
Stocks Eke Out Another Gain; Pharmas Drag - Market Overview * US * News * Story - CNBC.com

Art Cashin: Traders Weigh Obama Policy Changes
"A lot of people are starting to talk about erosion in [President Obama]'s polls, and whether that could lead to a change in policy — or maybe even a change in posture," Cashin said.
But stocks are still caught in a "tug-of-war" between the "oversold conditions supporting the market" on the one hand, and "the worry about the head and shoulders breakdown" on the other.
CNBC Stock Blog — Art Cashin, Investing — CNBC.com Market News - CNBC Stock Blog - CNBC.com

S&P's Stovall: Pullback to 810 is Likely
"We're going through a corrective phase now," said Stovall. "A digestion of the 40 percent advance off of the March 9 lows."
"We could see the S&P drop to 800 to 825" before the picture is clear, he cautioned.
Pointing to the "head and shoulders" formation that many technical analysts are seeing, Stovall said the "height between the shoulder and head could bring us down to the 830 level."
And he believes "we'll probably go down to about 810."
CNBC Stock Blog — Investing, S&P, Sam Stovall — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Stimulus Critics Put Obama, Democrats on Defensive
President Barack Obama and his Democrats are scrambling to fend off Republican criticism that a $787 billion economic stimulus is not working and talk is turning to a politically risky second spending plan.
Almost five months after Democrats used their majorities in the U.S. Congress to push through the stimulus, the two-year package has had little impact as anxious Americans watch the country's unemployment rate surge to 9.5 percent.
Stimulus Critics Putting Obama, Democrats on the Defensive - Economy * US * News * Story - CNBC.com

Former Met Lenny Dykstra Files for Bankruptcy
Lenny Dykstra, the former star center fielder for the New York Mets and Philadelphia Phillies, has filed for Chapter 11 bankruptcy protection, court records show.
Former Star Center Fielder Lenny Dykstra Files for Bankruptcy - Financials * US * News * Story - CNBC.com

GM's Second Chance
Now comes the hard part.
After 39 days in bankruptcy, shedding thousands of jobs, closing more plants, and writing off billions in debt, GM is about to exit chapter 11 protection and try to show it can finally thrive. On paper it should succeed. In reality, it still has to prove itself.
GM's Second Chance - Behind the Wheel with Phil Lebeau - CNBC.com

Let Oil Markets Work
Placing regulatory limits on oil trading is a terrible idea.
This is the latest example of the government sticking its nose where it doesn’t belong.
We ought to allow oil markets to trade unencumbered, without government meddling, or limits, or controls on both large and small investors.
Let Oil Markets Work - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-11.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 11, 2009

• #197

Stocks Log Fourth Straight Down Week

WEEKEND EDITION

YRC Worldwide Stock on a Wild Ride
Rapid drop below $1 a share reversed in wake of labor agreement
YRC Worldwide’s stock rose 60 cents to $1.49 a share July 9 on news that the financially strapped trucking enterprise reached a tentative agreement on cost cuts with the Teamsters union.
After the agreement was announced, the stock hit $1.49 by the close on July 9. It fell about 10 cents to $1.39 per share by noon July 10.
YRC Worldwide Stock on a Wild Ride | Journal of Commerce

USPS Adds 1,900 'Green' Trucks to Fleet
New ethanol, hybrid delivery vans boost alt-fuel fleet to more than 43,000 vehicles
The U.S. Postal Service is greening its fleet of delivery trucks with 1,000 E-85 ethanol-powered and 900 hybrid gasoline-electric trucks.
The purchase of 1,900 ethanol and hybrid electric vehicles — part of a plan to replace 6,500 aging delivery trucks — puts the total number of alternative-fuel vehicles in the USPS fleet at more than 43,000.
That’s almost 20 percent of the 220,000 vehicles used to deliver mail.
USPS Adds 1,900 'Green' Trucks to Fleet | Journal of Commerce

C. H. Robinson Acquires Texas Customs Brokerage's Assets
C.H. Robinson Worldwide, one of the largest non-asset based third party logistics companies in the world, announced today that it has acquired certain assets of International Trade & Commerce, a Laredo, Texas-based customs brokerage company specializing in warehousing and distribution.
C. H. Robinson Acquires Texas Customs Brokerage's Assets | Journal of Commerce

Canada-U.S. Trucking Sees Bad First-Half
Cross-border trucking over the Ambassador Bridge connecting Detroit to Windsor, Ontario, the busiest commercial connection between the United States and Canada, fell by nearly a third in the first half of this year. At other key crossings, traffic was little better.
There were 173,202 truck crossings either way between Detroit and Windsor, in June, a 32.7 percent decline from the 257,276 in June of last year, according to the Public Border Operators Association (PBOA). For the first half of this year, to June 30, there were 1.1 million truck crossings, a 31.1 percent drop from the 1.6 million in the 2008 period.
Canada-U.S. Trucking Sees Bad First-Half | Journal of Commerce

Walcott Truckers Jamboree to Serve 8-Foot Cake
The Walcott Truckers Jamboree will hold a cake cutting on Friday, July 10, to celebrate the 30th Anniversary of the Jamboree as well as the 45th Anniversary of Iowa 80 Truckstop, where the event is being held.
The Walcott Truckers Jamboree began in 1979 featuring a few exhibits, live music, food and a small display of antique trucks. The event has grown from few hundred drivers to about 30,000 attendees today.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...8,146.52 -36.65 -0.45%

Nasdaq...1,756.03 +3.48 +0.20%

S&P 500...879.13 -3.55 -0.40%


ABFS...28.15...+1.01...+3.72%
VTNC...10.38...+0.32...+3.19%
HTLD...14.62...+0.30...+2.09%
JBHT...29.00...+0.56...+1.97%
SAIA...17.42...+0.32...+1.87%
FDX...54.88...+0.95...+1.76%
KNX...16.29...+0.23...+1.43%
CNW...35.25...+0.45...+1.29%
ODFL...33.92...+0.39...+1.16%
UPS...48.57...+0.55...+1.15%
LSTR...34.82...+0.37...+1.07%
YRCW...1.31...-0.18...-12.08%

FDX--
GPS phones help small business owners monitor staff - Jul. 10, 2009
Oil Markets No Place for D.C. Quick Fix | Market Features | Financial Articles & Investing News | TheStreet.com
Dividend.com: Midday Update | Market Features | Financial Articles & Investing News | TheStreet.com
http://secure2.thestreet.com/cap/lo...m/p/_yahoo/rmoney/jimcramerblog/10540699.html

UPS--
Is It Time to Buy Oil?

Stocks Log Fourth Straight Down Week
Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.
For the week, the Dow lost 1.6 percent, while the S&P skidded 1.9 percent and the Nasdaq dropped 2.3 percent.
Stocks Log Fourth Straight Down Week - Market Overview * US * News * Story - CNBC.com

It's Not the Wealthy Who Are Leaving California: Study
A report from the Public Policy Institute of California shows the poor are more likely to leave California than the wealthy.
Tax critics often claim the state's high cost of living and tax structure drive high-income earners out.
When they do leave, states with no income tax such as Nevada, Texas and Washington are among their top destinations. Those states also are among the top draws for the bottom 20 percent of income earners.
Study: It's Not the Wealthy Who Are Leaving California - Economy * US * News * Story - CNBC.com

A Muscle Car to the Rescue for General Motors
Believe it or not, General Motors has a hit car on its hands.
Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.
G.M. sold 9,300 Camaros during the month of June — more than either its entire Buick or Cadillac divisions could muster on their own.
A Muscle Car to the Rescue for General Motors - Companies * US * News * Story - CNBC.com

GM CEO Henderson Says New GM Must Succeed
General Motors CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.
"The tough part is in front of us," Henderson said. "But it's also the fun part. We think we can change the culture of GM. The company has to succeed. I'm excited about getting back into the car business."
GM CEO Henderson Says New GM Must Succeed - Automotive * US * News * Story - CNBC.com

Maximum Bob Goes Full Throttle For GM
Meet the new boss.
Same as the old boss.
As GM emerges from bankruptcy Vice Chairman Bob Lutz, who had been scheduled to retire at the end of this year, will take over GM's marketing and communications.
Maximum Bob Goes Full Throttle For GM - Behind the Wheel with Phil Lebeau - CNBC.com

The Road to Economic Demoralization
There’s no question that current government policies for taxes, spending, and regulation are causing the U.S. to lose competitiveness in the global race for capital, prosperity, and growth.
The Road to Economic Demoralization - Money and Politics Blog - CNBC.com

Investors Uneasy Ahead of Earnings and Economic Data
The markets took another leg down in the middle of the morning, with the Dow and S&P sitting at their lowest levels since the end of April. With 4 straight weeks of losses, the Dow and S&P are now about 9 percent off their June highs. The current losing streak comes just after the Dow’s amazing run of only 2 down weeks over a 14-week period.
Investors Uneasy Ahead of Earnings and Economic Data - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 14, 2009

• #198

Stocks Up Again on Low Volume; Banks Lead

YRC Worldwide Earns Honor from Toyota NAPO
Kaizen Challenge Award Recognizes Continuous Improvement
YRC Worldwide Inc. announced that it has earned a Kaizen Challenge Award for continuous improvement from Toyota North American Parts Organization (NAPO) for the second consecutive year. Toyota NAPO announced the 2008 award winners during its annual logistics provider meeting on July 7, 2009.
Kaizen, which means continuous improvement in Japanese, is an integral component of the Toyota Production System (TPS). To encourage its suppliers to embrace the same standards, Toyota created the Kaizen Challenge Award. All preferred suppliers are considered for the award. The award recipients are the suppliers that most effectively used Kaizen principles in helping Toyota address its supply-chain challenges.
YRC Worldwide Earns Honor from Toyota NAPO - Yahoo! Finance

DOT Stimulus Spending Jumps in Early July
Payouts rev up faster with $80 million increase in latest week
The Department of Transportation paid out another $82 million in stimulus project funds in the week ending July 3, escalating how quickly it is pushing money out to cover bills for work it and states earlier approved.
The Obama administration is under fire from critics who say the Recovery Act is injecting its stimulus too slowly into the economy, and both President Obama and Vice President Biden have said they want it to move faster.
DOT Stimulus Spending Jumps in Early July | Journal of Commerce

Analysts Upbeat on Economy Despite Job Losses in June
Trucking fleets continued to shed jobs for the 14th consecutive month in June as total U.S. unemployment rose, but experts said economic and freight indicators finally appear to be heading in the right direction.
Analysts Upbeat on Economy Despite Job Losses in June | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Manager visitors up at Vegas show
Despite an overall drop in attendance, The Great West Truck Show in June attracted more managers, owners and private fleets.
Among registered visitors, the executive management/owner category increased 11.8 percent and private fleet attendance increased 3 percent from the previous year. Show management reported that overall visitor registrations totaled 16,524, down 11.7 percent from 2008.
Manager visitors up at Vegas show - eTrucker

Volvo studies light-weight trucks
Volvo research could lead to trucks at least 20 percent lighter within a decade, resulting in less fuel use and lower emissions.
Swedish Volvo officials are working on what they call light-weight technology, which could be used on future U.S. trucks, said Jim McNamara, a Volvo Trucks North America spokesman.
Volvo studies light-weight trucks - eTrucker


Dow...8,331.68 +185.16 +2.27%

Nasdaq...1,793.21 +37.18 +2.12%

S&P 500...901.05 +21.92 +2.49%


YRCW...1.43...+0.12...+9.16%
UPS...49.42...+0.85...+1.75%
SAIA...17.72...+0.30...+1.72%
FDX...55.80...+0.92...+1.68%
KNX...16.52...+0.23...+1.41%
VTNC...10.49...+0.11...+1.06%
HTLD...14.77...+0.15...+1.03%
LSTR...35.11...+0.29...+0.83%
CNW...35.42...+0.17...+0.48%
ABFS...28.27...+0.12...+0.43%
JBHT...29.08...+0.08...+0.28%
ODFL...33.99...+0.07...+0.21%

FDX, UPS--
Taking Off With Transports And JetBlue - Forbes.com

YRCW--
YRC Worldwide Earns Honor from Toyota NAPO - Yahoo! Finance

Stocks Up Again on Low Volume; Banks Lead
In a rally typical of the summer's trading activity, stocks surged more than 2 percent Monday following a bullish call from noted banking analyst Meredith Whitney.
Despite Whitney's prediction that the unemployment rate would hit 13 percent, investors instead focused on her forecast that bank stocks are in for at least a short-term gain of 15 percent as the industry benefits from accounting changes and legislation aimed at helping lenders.
Stocks Again Up on Low Volume; Banks Key Surge - Market Overview * US * News * Story - CNBC.com

Art Cashin: My Take on Goldman Sachs, CIT
"Everyone's focusing on Goldman [Sachs] and the financials," Cashin said.
"It'll be interesting to see how long the shelf-life is on this thing...if they can sustain it," Cashin said.
CNBC Stock Blog — Art Cashin on Goldman Sachs, CIT, Investing — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Pros Say: S&P at 'Critical Level'
The S&P 500 has broken below a key head-and-shoulders pattern, which signals the index will be weak until October — but it won’t revisit the lows seen in March, said Robin Griffiths of Cazenove Capital. "We'll see a half to two-thirds retracement of the March rally. So it gives us a buying zone between 770 and 800 on the S&P," he said.
CNBC Stock Blog — Pros Say: S&P at 'Critical Level' - CNBC Stock Blog - CNBC.com

Bernanke Sees Possibility of 'Jobless' Recovery: Shelby
Federal Reserve Chairman Ben Bernanke sees the possibility of continued high unemployment even after the recession eases, a key Republican lawmaker who met with the Fed chief told CNBC.
"It was a rather sobering meeting," Sen. Richard Shelby, an Alabama Republican, said in a live interview. "I said...'Could this be a jobless recovery?'...and he said it could be," Shelby said.
Fed Chairman Sees Possibility Of 'Jobless' Recovery: Sen. Shelby - Economy * US * News * Story - CNBC.com

Lutz Takes Control of GM Ad Image
Today in Detroit, GM Vice Chair Bob Lutz is hitting the ground running in his move to change the image of the auto maker.
From the way GM spends marketing money to the type of ads the company runs, Lutz and his top lieutenants are reviewing it all.
Lutz Takes Control of GM Ad Image - Behind the Wheel with Phil Lebeau - CNBC.com

Auto Task Force Shifts Gears Without Rattner
Like the whirlwind trips in and out of bankruptcy for GM and Chrysler, Steve Rattner is leaving Washington just a few months after stepping into a high profile position with the Treasury Department. Rattner is leaving the Auto Task Force and heading back to private life in the investment world. Talk about making a splash and then getting out of town.
Auto Task Force Shifts Gears Without Rattner - Behind the Wheel with Phil Lebeau - CNBC.com

Awaiting Earnings And All That Data
Futures were at the highs of the morning as traders await the heavy number of earnings reports and economic data beginning tomorrow and lasting through the end of the week.
Awaiting Earnings And All That Data - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 15, 2009

• #199

Stocks End Slightly Higher; Earnings Little Help


FedEx to Send Ninety-Eight Drivers to National Truck Driving Championships
Competitors Reflect FedEx Commitment to Safety and Professionalism
MEMPHIS, Tenn.--(BUSINESS WIRE)--Ninety-eight drivers from 42 states representing the FedEx Corp. (NYSE: FDX) operating companies will compete in the National Truck Driving Championships (NTDC) in Pittsburgh Aug. 18-22.
“The backbone of our company is made up of thousands of professional drivers and contractors who not only strive to deliver every shipment on time but also ensure that safety remains a fundamental priority in everything they do,” said Frederick W. Smith, chairman, president and chief executive officer, FedEx Corp. “The overall performance of the more than 1,400 FedEx drivers, couriers and contractors who competed in their respective state championships and the accomplishments of our 98 NTDC competitors in particular exemplify the commitment of our entire driving force to safely share the road with other motorists each day.”
FedEx to Send Ninety-Eight Drivers to National Truck Driving Championships - Yahoo! Finance

Teamsters May Get Seat on YRC Board
Company would give union say in management in return for wage cuts, pension concessions
The Teamsters union would gain a seat on YRC Worldwide's board of directors and other concessions from the company in return for a 15 percent overall wage cut and a temporary waiver on pension payments under an agreement to help the struggling trucking company avoid bankruptcy.
The wage concessions — a 5 percent cut added to a 10 percent cut the Teamsters accepted early this year — and the 18-month stop on all pension payments could save the company more than $1 billion over the several years.
Teamsters May Get Seat on YRC Board | Journal of Commerce

Heartland Profit Grows, But Outlook Dim
Truckload carrier sees operating efficiency improve sharply from last year
Truckload carrier Heartland Express defied the economic downturn with a 2 percent boost in net profit in the second quarter, but the carrier said July 14 it sees little improvement in the economy and no “strong indicators” demand for freight services will increase in the near term.
Heartland's operating profit edged up 3.8 percent from last year, to $21.7 million and its operating ratio improved from 87.3 percent last year to 81.4 percent this year. The company said its operating profit for the second quarter was helped by $4.2 million on an increase in gains on disposal of property and equipment.
Heartland Profit Grows, But Outlook Dim | Journal of Commerce

J. B. Hunt Transport Services, Inc. Reports Revenues and Earnings for the Second Quarter 2009
LOWELL, Ark.--(BUSINESS WIRE)--J. B. Hunt Transport Services, Inc., (NASDAQ:JBHT - News) announced second quarter 2009 net earnings of $24.0 million, or diluted earnings per share of 19 cents, including a pretax charge of $10.3 million, or 5 cents per diluted share, to write down the value of certain tractors held for sale. Excluding this charge, second quarter earnings were 23 cents per diluted share. Last year’s second quarter net earnings were $50.6 million, or 39 cents per diluted share. The current quarter charge was to write down to estimated fair value, a group of tractors which have been designated as held for sale
J. B. Hunt Transport Services, Inc. Reports Revenues and Earnings for the Second Quarter 2009 - Yahoo! Finance

Truck Stop Chains Pilot, Flying J Plan Merger
Truck stop chains Pilot Travel Centers LLC and Flying J Inc. have agreed to a merger that would combine two of the largest U.S. truck stop chains and provide a framework for Flying J to emerge from Chapter 11 bankruptcy.
Truck Stop Chains Pilot, Flying J Plan Merger | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...8,359.49 +27.81 +0.33%

Nasdaq...1,799.73 +6.52 +0.36%

S&P 500...905.84 +4.79 +0.53%


YRCW...1.63...+0.20...+13.99%
JBHT...29.62...+0.54...+1.86%
HTLD...14.86...+0.09...+0.61%
UPS...49.58...+0.16...+0.32%
KNX...16.54...+0.02...+0.12%
FDX...55.54...-0.26...-0.47%
LSTR...34.94...-0.17...-0.48%
VTNC...10.39...-0.10...-0.95%
CNW...34.20...-1.22...-3.44%
ABFS...27.25...-1.02...-3.61%
ODFL...32.26...-1.73...-5.09%
SAIA...16.79...-0.93...-5.25%

FDX--
FedEx to Send Ninety-Eight Drivers to National Truck Driving Championships - Yahoo! Finance
FedEx sending 98 to truck drivers’ ‘super bowl’ - Memphis Business Journal:

UPS--
WallStSense.com Fundamental & Technical Coverage of EQT, MOT, UPS, JLL, LPL and KIM - Yahoo! Finance

YRCW--
Teamsters May Get Seat on YRC Board | Journal of Commerce
YRC Worldwide Makes Significant Progress on Comprehensive Plan - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
UPDATE 2-YRC deal includes 5 pct wage cut, 20pct stock option | Markets | Markets News | Reuters
Summary of YRC WORLDWIDE INC - Yahoo! Finance
YRC, Teamsters reach tentative wage cut deal - Yahoo! Finance

Stocks End Slightly Higher; Earnings Little Help
Stocks closed slightly higher as a mostly positive start to earnings season was offset by the air quickly coming out of a rally in bank stocks.
The economic reports triggered expectations of inflation, and at least some of the late-morning pop in stocks was attributed to short-covering.
Stocks Flat; Earnings Provide Little Help - Market Overview * US * News * Story - CNBC.com

The 'Cap And Tax' Dead End
By Sarah Palin....Tuesday, July 14, 2009
May need to register with a password to get article.
There is no shortage of threats to our economy. America's unemployment rate recently hit its highest mark in more than 25 years and is expected to continue climbing. Worries are widespread that even when the economy finally rebounds, the recovery won't bring jobs. Our nation's debt is unsustainable, and the federal government's reach into the private sector is unprecedented.
I am deeply concerned about President Obama's cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.
washingtonpost.com

The Economy Is Even Worse Than You Think
The average length of unemployment is higher than it's been since government began tracking the data in 1948.
By MORTIMER ZUCKERMAN
The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad.
Here are 10 reasons we are in even more trouble than the 9.5% unemployment rate indicates:
Average length of unemployment highest since 1948. - WSJ.com

Art Cashin: My Take on Financials
Cashin reiterated his certainty that "by the close of business on [July] 17th, we'll have a much better idea" of where markets are headed.
"I think this week is critical," he emphasized. "We're on the verge of demonstrating that the head and shoulders*...might turn out to be a failed negative — which could lead to a super-rally."
"But it's too early to tell," he added cautiously.
CNBC Stock Blog — Art Cashin, Goldman Sachs, Financials, Investing — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Democrats Offer Healthcare Bill With Tax Hikes—And Mandates
House Democrats unveiled ambitious legislation Tuesday to remake the nation's health care system and called on medical providers, businesses and the wealthiest Americans to pick up the tab for President Barack Obama's top domestic priority.
Democrats' Healthcare Bill Calls for Tax Hikes on Affluent - Healthcare * US * News * Story - CNBC.com

Cap-And-Trade: Bridge to Economic Disaster?
Outgoing Alaska Gov. Sarah Palin called President Obama's approval of cap-and-trade legislation to counter global warming "an enormous threat to our economy" in a Washington Post op-ed piece Tuesday morning.
Cap-And-Trade: Bridge to Economic Disaster? - General * US * News * Story - CNBC.com

Cutting Sponsorships The Start of GM Make Over
Taking full advantage of bankruptcy court, and the ability to drop contracts it no longer wants, GM is dumping dozens of sponsorships around the country. From a clock in Times Square to a minor league baseball team in northwest Michigan, General Motors is dropping its logos and marketing messages. It's a smart move and one that shows the company is serious about looking at how it markets the company.
Cutting Sponsorships The Start of GM Make Over - Behind the Wheel with Phil Lebeau - CNBC.com

Banks Winning at Expense of Taxpayers
Banks surged and stocks followed yesterday, mostly on the heels of high expectations for trading firm Goldman Sachs [GS 149.66 0.22 (+0.15%) ], which really is more of a hedge fund than a real bank.
Banks Winning at Expense of Taxpayers - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html

 

I

imported_River17

TB Veteran

Credits

0

• Jul 16, 2009

• #200

Stocks Jump 3% Amid Optimism On Economy

IBT Readies Ratification Ballots for YRC Teamsters
Union employees could receive ballots on wage cuts, company offer by next week
Teamsters at YRC Worldwide’s motor carriers will begin to receive ballots as early as next week for a vote on a plan to steer the troubled carrier clear of bankruptcy.
If the process runs smoothly, YRC and the Teamsters could seal their deal as early as the first week of August.
The agreement would give the Teamsters a seat on YRC’s board of directors and the option to purchase up to 35 percent of the $9 billion company.
“I think it will pass, but not with as big a margin as the last vote,” one YRC driver familiar with the plan said. “A lot of guys are really concerned” about their pensions, but also about what would happen to the company if the plan were voted down.
IBT Readies Ratification Ballots for YRC Teamsters | Journal of Commerce

Teamsters consider extra 5 percent YRC Worldwide pay cut
YRC Worldwide Inc.’s union members will weigh an extra 5 percent pay cut on top of losing their pension contributions for 18 months, the union said Tuesday.
Teamsters for a Democratic Union, a union reform group, said Tuesday that the wage cut is worth about $1.16 an hour and would begin immediately following a positive vote. The pension withdrawal is valued at $7.60 an hour for the first 12 months and $8.20 an hour for the second part of 2010, TDU said.
“Unfortunately, the freight recession has worsened for all trucking companies as 2009 has progressed, but it’s been more aggravated at (YRC) companies than any other trucking group operating in North America,” the Teamsters said in a document.
Teamsters consider extra 5 percent YRC Worldwide pay cut - Kansas City Business Journal:

Monthly Trucking Index Declines
Economic recovery will be 'a slow climb,' forecaster FTR Associates says
The trucking industry is towing too many empty trailers to gain the speed it needs to reach a recovery, says FTR Associates.
Excess capacity helped drag the transportation forecasting firm's Trucking Conditions Index down two points in May to -22, indicating the industry remains "in solidly negative territory" well below the neutral reading of 0, FTR said.
The index, published monthly in FTR's "The Trucker's Dashboard," combines five trucking statistics into one metric measuring the overall health of the industry. The decline in May broke with three consecutive monthly increases.
Monthly Trucking Index Declines | Journal of Commerce

Industrial Price Index Signals Recovery on Track
Raw materials price growth points to broader improvement, end of recession, ECRI says
Global industrial production is on track to recovery, albeit in fits and starts, according to the trend signaled by the industrial price index compiled by The Journal of Commerce and the Economic Cycle Research Institute.
Meanwhile, as ECRI predicted in April, the U.S. economy remains set to see the recession end sometime this summer. This is despite the general feeling out there that what economists are calling “green shoots” have withered, as reflected by the pullback in stock prices.
Industrial Price Index Signals Recovery on Track | Journal of Commerce

Landstar’s 2Q Income Declines
Truckload carrier Landstar System said late Wednesday its second-quarter net income fell to $17.9 million, or 35 cents a share, from $29.8 million, or 56 cents, a year ago.
Landstar’s 2Q Income Declines | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Southeastern Buckles Down to Continue No-layoff Tradition
While many carriers have good chunks of their workforce on long-term layoff, Southeastern Freight Lines has been taking serious measures to keep its people working, continuing the company's 58-year-old tradition of no layoffs.
The last year and a half has been the most difficult time to protect that. When the economy started crumbling last fall, the company assembled a "Keep Our People Working Task Force," to get creative about making sure employees had enough hours. Currently, Southeastern employs 6,700 people, including 4,600 drivers.
"The easy thing to do is to lay people off," said Mike Heaton, senior vice president of sales and marketing. "The hard thing to do is to figure out ways not to do that."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...8,616.21 +256.72 +3.07%

Nasdaq...1,862.90 +63.17 +3.51%

S&P 500...932.68 +26.84 +2.96%


FDX...57.36...+1.82...+3.28%
UPS...50.53...+0.95...+1.92%
ODFL...32.26...+0.00...+0.00%
LSTR...34.38...-0.56...-1.60%
HTLD...14.55...-0.31...-2.09%
CNW...33.48...-0.72...-2.11%
KNX...16.16...-0.38...-2.30%
VTNC...10.06...-0.33...-3.18%
ABFS...26.28...-0.97...-3.56%
SAIA...16.08...-0.71...-4.23%
YRCW...1.55...-0.08...-4.91%
JBHT...26.72...-2.90...-9.79%

FDX--
BenchmarkJournal.com Free Analyst Review for IR, OFC, CF, FDX, GIL and OLN - Yahoo! Finance
Mad Money: Cramer: Credit is Stabilizing - Mad Cap Recap - CNBC.com
Summary of FEDEX CORP - Yahoo! Finance
Cramer's 'Stop Trading!': FedEx Was Right | Stop Trading! | Financial Articles & Investing News | TheStreet.com

UPS--
UPS to Release 2nd Quarter Results on Thursday, July 23, 2009 - Yahoo! Finance

CNW--
What's Behind This Rally - Trader Talk with Bob Pisani - CNBC.com

YRCW--
Teamsters consider extra 5 percent YRC Worldwide pay cut - Kansas City Business Journal:
IBT Readies Ratification Ballots for YRC Teamsters | Journal of Commerce


Stocks Jump 3% Amid Optimism On Economy
Stocks closed sharply higher as a day-long rally gained steam after the Federal Reserve said the recession would end soon but that unemployment will continue rising.
Technology stocks surged following encouraging earnings, while a slew of economic reports fueled the notion the economy was showing stronger signs of a turnaround. The Fed's forecast bolstered Wall Street's enthusiasm.
Stocks Jump 3% On Optimism About Economy - Market Overview * US * News * Story - CNBC.com

Rally Drives Best Day for Stocks This Quarter
Opinions on the rally are all over the map:
1) it's an options squeeze
2) hedge funds have been caught short
But others note that this is the first time we have seen a string of positive pieces of news...from Intel, Goldman Sachs, CSX, credit cards. Remember the bull thesis: that dramatic cost-cutting means any signs of topline improvement will translate more effectively to the bottom line.
Stock Market and Investment: Rally Drives Best Day for Stocks This Quarter - Trader Talk with Bob Pisani - CNBC.com

Art Cashin: The 'Super-Rally' Scenario Now
He repeated his theory that the conclusion of this week is going to offer concrete answers about the market's direction -- one way or the other.
"For now, it looks like the bulls have taken the ball that the bears fumbled earlier this week and are continiuoing to move it," Cashin said.
"The trouble with the head and shoulders pattern is it started to get accepted by everybody," Cashin said. "And the market likes to confuse the most amount of people — usually the majority."
CNBC Stock Blog — Art Cashin: The Super-Rally Scenario — Investing — CNBC.com Market News - CNBC Stock Blog - CNBC.com

$8.6 Million For Your Thoughts Mr. Wagoner
It is the one question I hear more often than any other.
What do you think Rick Wagoner is thinking right now?
I get this question from investors, auto industry executives, GM insiders, even fortune 500 CEO's (one asked me and then said, "If you talk to Rick, tell him a lot of CEOs think he got a raw deal.").
$8.6 Million For Your Thoughts Mr. Wagoner - Behind the Wheel with Phil Lebeau - CNBC.com

Stock Markets Are Up Again
I agree with publisher Mort Zuckerman who recently wrote that subprime jobs numbers in the U.S. foreshadow continued economic weakness. But the stock market seems to disagree with both of us.
Stocks are roaring ahead again today — up over 150 points — after holding the high ground yesterday and following Monday’s huge rally. Even a sub-par retail sales report didn’t stop retail stocks from posting a 1.6 percent gain.
Stock Markets Are Up Again - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html