Issuer Ranking: North American Transportation Companies, Strongest To Weakest Jul 11
Standard & Poors, July 2011
Abstract
The most significant potential headwind for North American transportation companies has shifted from high oil prices to slowing economic growth. Standard & Poor's Ratings Services' economists now forecast 2.6% real U.S. GDP growth in 2011, compared with our expectation of 3% as of last January. Slowing economic growth is likely to soften demand for transportation companies, in particular for those tied to consumer spending such as airlines, car rental, and trucking. Meanwhile, oil prices, while high in absolute terms and still well above the levels of a year ago, appear to have moderated, with West Texas Intermediate (WTI) crude oil recently below $100 per barrel. Our economists expect an average price of $100.89 for full-year 2011. This moderation of prices...
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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.
- AMR Corp.
- AMERCO
- CSX Corp.
- Canadian National Railway Co.
- Con-way Inc.
- Delta Air Lines Inc.
- Florida East Coast Railway Corp.
- GATX 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.
- American Commercial Lines Inc.
- Air Canada
- Alaska Air Group 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.
- Triton Container International Ltd.
- Alexander & Baldwin Inc.
- Burlington Northern Santa Fe LLC
- Canadian Pacific Railway Co.
- FedEx Corp.
- Quality Distribution Inc.
- RailAmerica Inc.
- United Parcel Service Inc.
- Aviation Capital Group Corp.
- Kenan Advantage Group Inc.
- General Maritime Corp.
- JetBlue Airways Corp.
- Mobile Mini Inc.
- YRC Worldwide Inc.
- Trailer Bridge Inc.
- Ozburn-Hessey Holding Co. LLC
- Horizon Lines Inc.
- Avis Budget Group Inc.
- Swift Transportation Co.
- Dollar Thrifty Automotive Group Inc.
- JHCI Acquisition Inc.
- US Xpress Enterprises Inc.
- Hertz Global Holdings Inc.
- Global Aviation Holdings Inc.
- United Maritime Group LLC
- Marquette Transportation Co., LLC
- Western Express Inc.
- Aircastle Ltd.
- Allegiant Travel Co.
- American Petroleum Tankers LLC
- AWAS Aviation Capital Ltd.
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