All GLG News Analyses Filed Under: Transportation

Thom WilliamsPrincipal & Managing DirectorAmherstAlphaAdvisors Co.

The LTL market truckers once knew will never return!

October 19, 2009

Analysis of:LTL market remains in a state of flux | www.purchasing.com

Gone are the "good old days" of high-margin LTL (less than truckload) freight transportation. At its burial, many now laid-off union members, disheartened officials of union benefit and pension funds, once successful LTL executives, and many former vendors to the once-prosperous industry kindly paid their respects, then gathered together over cocktails and worried about their own futures.

Jay ThompsonPresident and General ManagerTransportation Business Associates

IRS v. Trucking Independent Contractor History

October 19, 2009

Analysis of:'Contractor' Lable Provokes Legal Disputes | online.wsj.com

The trucking Independent Contractor (IC) pool is a big one. Surveys show that one-third of truckers are IC’s and 80%+ of them are leased to fleets. The biggest player is FedEx Ground - hence the long-time target on their back by the Internal Revenue Service (IRS), States and unions. Other big numbers come from the Intermodal sector, which is also under fire. I agree with my esteemed colleague John Schultz and offer the following overview.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

FedEx is Not Alone in Fighting Independent Contractor Battles.

October 19, 2009

Analysis of:'Contractor' Lable Provokes Legal Disputes | online.wsj.com

The Internal Revenue Service, several states and the courts are stepping up their pursuit of legal remedies and penalties for companies that misclassify company employees as independent contractors. FedEx has been at the center of these legal battles for more than a decade as unions, states and some courts seek financial enhancement if independent owner-operators are reclassified as employees.

Jay ThompsonPresident and General ManagerTransportation Business Associates

LTL Freight Marketplace To Remain Troublesome

October 18, 2009

Analysis of:LTL market remains in a state of flux | www.purchasing.com

The Less-Than Truckload (LTL) sector is showing signs that freight has bottomed, but the excess capacity from old and new players in that sector continues to result in heavy discounting. This will continue well into 2010 unless something drastic happens. The accompanying article allows for some comments looking ahead.

Anand SharmaDirectorMantrana Maritime Advisory Pvt. Ltd

ABG & Bharati Battle for Great Offshore is a Fight for Supremacy & Survival

October 14, 2009

Analysis of:Agarwal and Kapoor all set for Great battle | economictimes.indiatimes.com

ABG Shipyard is building 2 Jackup for Essar. Bharati Shipyard is building 1 Jackup for Great Offshore. Loosing Great Offshore by Bharati Shipyard is lose of future business segment, financial trouble and loss of a great customer. Winning Great Offshore by ABG Shipyard would not only restrict future prosperity of its immediate local competitor but also provide hand holding to Mr. Ruia and group companies, who are trying hard to establish their presence in Offshore Oil field Services Sector.

Addison SchonlandPartnerInnovation Analysis Group

The 200 plane desire

October 14, 2009

Analysis of:Ryanair hopes to order 200 aircraft by year-end | www.reuters.com

Ryanair's loquacious leader is great for zingers.   His oft expressed desire for an effective doubling of the fleet has analysts pondering the decision process constantly.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Carbon Taxes WILL Increase Truckers Fuel Costs With NO Upside

October 14, 2009

Analysis of:Carbon controls could hike fuel costs | fleetowner.com

If the proposed carbon taxes get implemented, the costs will be way more than being preached. Just ask Kyoto signatories who would like to get out of it now. As one who is active is fuel saving programs, SmartWay and carbon reduction, we need to keep it simple.

Ryanair Hunts Narrowbody Bargains

October 13, 2009

Analysis by: GLG Expert Contributor

Analysis of:Ryanair hopes to order 200 aircraft by year-end | www.reuters.com

It’s been a long time coming, but the airline that so many “love-to-hate” may find that it cannot grab a bargain a second time around with Boeing.

Diran MajarianManaging DirectorAmalia Tankers Inc

Is Dryships really an offshore play?

October 13, 2009

Analysis of:Offshore shift | www.tradewinds.no

Lazard Capital markets analyst Urs Dur raised his rating on the George Economou-led company to “buy” suggesting the contracts will provide a lift over the next couple of quarters. The deals will mark DryShips’ shift from a dry-bulk company with offshore interests to a deepwater rig company with exposure to the dry-bulk term market.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Another Leash on Life for YRC Worldwide

October 12, 2009

Analysis of:Lenders Extend Deadlines for YRC Worldwide | sacramento.bizjournals.com

A consortium of lenders has given YRC Worldwide, the nation's largest trucking company, two more weeks before a provision that requires the Overland Park, Kan.-based LTL carrier to maintain $100 million in liquidity. The company says it has been given until Oct. 30 before the amendment, the company's 11th such change, takes effect.

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