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Industry Report Card: Global Airfreight, Railroads, Transportation Leasing, And Trucking Oct 05
Standard & Poors, Oct 2005
Abstract
Demand and pricing fundamentals remain favorable for North American airfreight companies. Asian imports into the U.S. continue to be a key driver of demand at the present time, and should remain a catalyst for growth over the near to intermediate term. Small-package express companies are continuing to see strong demand for ground services. This will likely be the key driver of growth for small-package express companies over the near to intermediate term, with middle market customers the focus of the most intense competitive efforts. Favorable demand fundamentals, coupled with a continuing focus on efficiency improvement and yield initiatives, should lead to continued solid earnings and cash flow for both the small-package express carriers and heavyweight cargo companies in coming quarters,...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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