Energy & Industrials News by GLG Council Members

 YRC Worldwide's decision to go to the Teamsters and request a wage concessions underscores the financial difficulties the nation's largest trucking company is facing.   YRC is under pressure from its lenders to reduce its debt load. It already has placed some of its terminals for sale as collateral to pay down debt. It is consolidating the Yellow and Roadway long-haul national networks....

European nations have used taxes and tolls to 'optimize' truck freight tonnage and reduce pollution and greenhouse gas emissions.  With an aggressive environmental agenda the new US government may seek to harmonize domestic standards with the Europeans. 

One of the few bright spots in this economy has been the performance of the railroads, but even they are not immune to the forces of this economy. You can expect weak shipment activity for the next several months. 

America’s credit crisis is shaking up not only smaller alternative energy sectors like solar and geothermal, but also the largest renewable electricity sector – wind power.As recently as this summer, the cost of power from new wind farm was 8.4 cents per kilowatt hour, cheaper than power from a new gas-fired power plant (9 cents) or a new nuclear plant (9.8 cents). Only coal, at about 6 cents for...

By investing in infrastructure as one of the instruments in getting out of the recession, the US action has the potential to encourage many countries to follow suit.

There are three key requirements of CCS (Carbon Capture & Storage): 1) Legislation that addresses rights, liabilities and requirements of sequestration; 2) Economics and process; and 3) Geological locations for success.

As a shareholder in a trucking company established in 2006, there has been numerous changes impacting the industry.  1.  The cost of Truck registerations, has increased, while drivers are stuggling to pay for their trucks and if there is any repairs needed that sets them back.  Most of them don't have revolving credit lines to operate a business.   2.   They...

The AAR reported on Nov. 20th that the carload shipments for the previous week were 9.1% lower than the same period in 2007. This was the sixth straight week of decreasing carload totals, with traffic volumes falling to levels not seen in many years for non-holiday periods. What makes these numbers even more disturbing is that weekly carloads of coal have been up over last year’s levels, and with...

ABF Freight said in a recent press conference that they will only buy Selective Catalyst Reduction (SCR) technology for 2010. All US manufacturers will be going with SCR with the exception of Navistar. They are utilizing advanced Exhaust Gas Recirculation (EGR) along with emissions trading. In the world of follow the leader, many potential buyers are watching what the big fleets are doing.

In September of 2006, a group of doomsayers in Pisa, Italy predicted the end of the Oil Age. Proponents of the theory say that oil production is at or near its peak. Some geologists think that production has already declined. The peak oil "movement" is an alliance of geologists, physicists, oil industry consultants and environmental activists. Now (in 2006), for the first time, Peaksters are grabbing...