Industry Report Card: Global Transportation Apr 03

  • ID: 1827892
  • April 2003
  • Region: Global
  • Standard & Poors
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  • Air Canada
  • Con-way Inc.
  • Grupo TMM, S. A. B.
  • MRS Logistica S.A.
  • RailAmerica Inc.
  • Teekay Corp.
  • MORE

On March 18, 2003, ratings on 12 U.S. and European airlines were placed on CreditWatch with negative implications, reflecting the potential impact of the Iraq war that began shortly thereafter. Ratings of two Japanese airlines were added to the review on March 19. On March 28, ratings of four large U.S. airlines were lowered, and remain on CreditWatch (with negative implications for three of them and developing implications for AMR Corp.). The Iraq war has caused a further deterioration in already weak airline traffic, particularly on international routes to and from the U.S. Traffic within Asia (outside of Japan) was and remains stronger, with Europe sluggish. The extent of the traffic declines and how much U.S. domestic travel will be...

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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- 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.
- SNCF Mobilites
- Southwest Airlines Co.
- TTX Co.
- Union Pacific Corp.
- Union Tank Car Co.
- Yellow Corp.
- MTR Corp. Ltd.
- Sea Containers Ltd.
- US Airways Group Inc.
- Air Canada
- Alaska Air Group Inc.
- Arkansas Best Corp.
- America West Holdings Corp.
- Matson Navigation Co. Inc.
- Norfolk Southern Corp.
- Xtra Corp.
- United Continental Holdings Inc.
- National Railroad Passenger Corp. (AMTRAK)
- Qantas Airways Ltd.
- Kirby Corp.
- Japan Airlines International Co. Ltd.
- Deutsche Lufthansa AG
- Evergreen International Aviation Inc.
- British Airways PLC
- J.B. Hunt Transport Services Inc.
- Enterprise Holdings Inc.
- Overseas Shipholding Group Inc.
- East Japan Railway Co.
- International Shipholding Corp.
- USF Corporation
- Grupo TMM, S. A. B.
- Teekay Corp.
- Kowloon-Canton Railway Corp.
- Societe nationale des Chemins de fer belges
- Williams Scotsman Inc.
- Compania Sud Americana de Vapores
- Interpool Inc.
- Air New Zealand Ltd.
- Transnet SOC Ltd.
- Conrail Inc.
- Northwest Airlines Corp.
- Burlington Northern Santa Fe LLC
- Stena AB
- Canadian Pacific Railway Co.
- AirTran Holdings Inc.
- NS Groep N.V.
- Tranz Rail Holdings Ltd.
- All Nippon Airways Co. Ltd.
- Japan Airlines Domestic Co. Ltd.
- Kawasaki Kisen Kaisha Ltd.
- Nippon Yusen KK
- Mitsui O.S.K. Lines Ltd.
- Kansas City Southern de Mexico S.A. de C.V.
- FLYi Inc.
- MRS Logistica S.A.
- Localiza Rent a Car S.A.
- SNCF Reseau
- FedEx Corp.
- Ultrapetrol (Bahamas) Ltd.
- Tokyu Corp.
- Tobu Railway Co. Ltd.
- Kintetsu Corp.
- Odakyu Electric Railway Co. Ltd.
- PostNL N.V.
- Yamato Holdings Co. Ltd.
- Seino Transportation Co. Ltd.
- Norges Statsbaner AS
- Stagecoach Group PLC
- Pacer International Inc.
- Central Japan Railway Co.
- Keio Corp.
- Nagoya Railroad Co. Ltd.
- West Japan Railway Co.
- Marmon Holdings Inc.
- Keihin Electric Express Railway Co. Ltd.
- Keisei Electric Railway Co. Ltd.
- Sagami Railway Co. Ltd.
- Keihan Electric Railway Co. Ltd.
- Nankai Electric Railway Co. Ltd.
- Nobina AB
- RailAmerica Inc.
- Sabre Holdings Corp.
- Sankyu Inc.
- Senko Co. Ltd.
- Fukuyama Transporting Co. Ltd.
- FirstGroup PLC
- United Parcel Service Inc.
- Deutsche Bahn AG
- CP Ships Ltd.
- Airborne Inc.
- MNG Airlines Inc.
- Atlas Air Worldwide Holdings Inc.
- MISC Bhd.
- Angel Trains Ltd.
- Kowloon Motor Bus Co. (1933) Ltd.
- Deutsche Post AG
- U.S. Shipping Partners L.P.
- CFR Marfa S.A.
- Horizon Lines LLC
- Wan Hai Lines Ltd.
- Roadway LLC
- ATA Holdings Corp.
- Hankyu Hanshin Holdings Inc.
- Nippon Express Co. Ltd.
- North American Van Lines Inc.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown





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