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North American Transportation Sector Posts A Mixed Credit Outlook, With Fuel Prices A Common Concern May 07 Product Image

North American Transportation Sector Posts A Mixed Credit Outlook, With Fuel Prices A Common Concern May 07

  • Published: May 2007
  • Region: North America, United States
  • Standard & Poors

FEATURED COMPANIES

  • Air France S.A.
  • American Airlines Inc.
  • CSX Corp.
  • Deutsche Lufthansa AG
  • GATX Corp.
  • Northwest Airlines Corp.
  • MORE

Abstract
The North American transportation sector, which includes the airline, parcel express/logistics, railroad, shipping, transportation equipment leasing, and trucking industries, presents a mixed credit outlook. Earnings and revenue are on the upswing for major airlines, but volatile fuel prices and a slowing U.S. economy could check further progress. A slowing, albeit still healthy, economy, may dampen prospects for parcel express/logistics firms; long-term fundamentals should remain strong. Freight railroads are performing fairly well, benefiting from end-market diversity and a good pricing environment. Shipping firms are holding their own, with enough cushion in their ratings to weather a more sluggish economy. Strong demand and higher lease/rental rates are setting the pace for the transportation equipment leasing sector. And while most trucking companies posted...

Companies mentioned in this report are:
- American Airlines Inc.
- CSX Corp.
- Canadian National Railway Co.
- United Airlines Inc.
- Delta Air Lines Inc.
- GATX Corp.
- Southwest Airlines Co.
- Union Pacific Corp.
- United Air Lines Inc.
- US Airways Group Inc.
- Alaska READ MORE >

- American Airlines Inc.
- CSX Corp.
- Canadian National Railway Co.
- United Airlines Inc.
- Delta Air Lines Inc.
- GATX Corp.
- Southwest Airlines Co.
- Union Pacific Corp.
- United Air Lines Inc.
- US Airways Group Inc.
- Alaska Air Group Inc.
- Norfolk Southern Corp.
- Deutsche Lufthansa AG
- British Airways PLC
- Enterprise Holdings Inc.
- Northwest Airlines Corp.
- Burlington Northern Santa Fe LLC
- Canadian Pacific Railway Co.
- Air France S.A.

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