Issuer Ranking: North American Transportation Companies, Strongest To Weakest Apr 09

  • ID: 1827862
  • April 2009
  • Region: North America, United States
  • Standard & Poors
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  • Air Canada
  • Avis Budget Group Inc.
  • GATX Corp.
  • Kansas City Southern
  • Ryder System Inc.
  • Trailer Bridge Inc.
  • MORE

Standard & Poor's Ratings Services believes the sharp contraction in U.S. economic activity during the fourth quarter of 2008 and first quarter of 2009, plus rapid economic slowdowns in many other economies around the globe are causing mounting pressure on North American transportation companies. The sharp decline in oil prices (we project average prices of $45 per barrel in 2009, compared with $100 in 2008) provides a significant offset for airlines but only modest relief for other sectors that already had means to pass through higher fuel costs. Trucking and car rental companies continue to be under the greatest pressure, but problems are spreading to other sectors that had previously seen only moderate weakness, including air express, shipping, railroads, and...

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- American Airlines Group Inc.
- CSX Corp.
- Canadian National Railway Co.
- Con-way Inc.
- United Airlines Inc.
- Delta Air Lines Inc.
- GATX Corp.
- Hertz Corp.
- International Lease Finance Corp.
- Kansas City Southern
- The Brink's Co.
- Ryder System Inc.
- Southwest Airlines Co.
- TTX Co.
- Union Pacific Corp.
- Union Tank Car Co.
- US Airways Group Inc.
- Air Canada
- Alaska Air Group Inc.
- Arkansas Best Corp.
- Matson Navigation Co. Inc.
- Norfolk Southern Corp.
- United Continental Holdings Inc.
- National Railroad Passenger Corp. (AMTRAK)
- Kirby Corp.
- Evergreen International Aviation Inc.
- J.B. Hunt Transport Services Inc.
- Enterprise Holdings Inc.
- Overseas Shipholding Group Inc.
- Teekay Corp.
- Alexander & Baldwin Inc.
- Burlington Northern Santa Fe LLC
- Canadian Pacific Railway Co.
- AirTran Holdings Inc.
- FedEx Corp.
- Quality Distribution Inc.
- Sabre Holdings Corp.
- United Parcel Service Inc.
- General Maritime Corp.
- JetBlue Airways Corp.
- Mobile Mini Inc.
- YRC Worldwide Inc.
- Trailer Bridge Inc.
- Ozburn-Hessey Holding Co. LLC
- Horizon Lines Inc.
- Travelport LLC
- Avis Budget Group Inc.
- Swift Transportation Co.
- Dollar Thrifty Automotive Group Inc.
- JHCI Acquisition Inc.
- Orbitz Worldwide Inc.
- US Xpress Enterprises Inc.

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