Pacer International, Inc. (NASDAQ:PACR)

CAPS Rating: 3 out of 5

A non-asset based North American third-party logistics provider offering an array of services to facilitate the movement of freight from origin to destination. The Company operates in two segments, the intermodal segment and the logistics segment.

Recs

2
Player Avatar FunkyB (< 20) Submitted: 11/13/2007 5:36:11 PM : Underperform Start Price: $14.83 PACR Score: +71.68

This company appears to be a "one trick pony"; i.e., continually trying to deliver profitability via an unchangiung focus on cost reduction. I have seen nothing yet that would indicate a growing predisposition toward (much needed) innovation or added value, which this industry will demand. I further feel that bringing the retired chairman back again to (likely) re-try the same old failed strategies won't help. Short it!

Report this Post 3 Replies
Member Avatar oreo2007 (< 20) Submitted: 11/16/2007 4:22:56 PM
Recs: 0

AP
Sector Snap: Truckers Fall
Friday November 16, 1:58 pm ET
Shares of Trucking Companies Fall After Baird Analyst Says 4th Quarter Worse Than Expected

NEW YORK (AP) -- Shares of trucking companies fell after a Robert W. Baird analyst cut his earnings estimates on the sector, saying current freight trends suggest the fourth quarter is worse than anticipated.
Also Friday, FedEx Corp. cut its outlook for the fiscal second-quarter and full-year citing a tough freight environment and record fuel costs.

Analyst Jon Langenfeld said poor demand and pricing are continuing in the fourth quarter, following a dismal third quarter in which the pre-holiday peak was one of the weakest in a decade.

Based on current trends, the analyst said it will be difficult for trucking companies to grow earnings from last quarter. High fuel costs will compound the problem, he added.

Langenfeld said that although his 2008 outlook is more conservative, he predicts the market will improve somewhat in 2008. He said his price targets are largely unchanged because he believes a 2009 earnings recovery is still likely.

The analyst recommends investors consider trucking companies such as J.B. Hunt Transport Services Inc. and Landstar System Inc.

In afternoon trading, Old Dominion Freight Line Inc. fell $1.47, or 6.1 percent, to $22.50. The stock's year low is $20.89.

Arkansas Best Corp. slipped $1.48, or 5.9 percent, to $23.50, after hitting a new 52-week low of $23.19 earlier in the session. The stock's previous low was $23.91.

J.B. Hunt fell 64 cents, or 2.4 percent, to $25.83. Landstar fell $2.37, or 5.8 percent, to $38.43. The stock's year-low is $37.75.

Werner Enterprises fell 42 cents, or 2.3 percent, to $17.51. The stock's year-low is $16.71.

YRC Worldwide Inc. sank $2.17, or 10.8 percent, to $17.94. The stock hit a new low of $17.61 earlier. Its previous year-low was $20.01. Langenfeld cut his target price on the stock to $22 from $28, citing an expected impact related to a Teamsters pension plan.

Member Avatar oreo2007 (< 20) Submitted: 1/18/2008 1:32:21 PM
Recs: 0

Beige Book reports weak transportation demand
By CCJ Staff

Reports from the 12 Federal Reserve districts suggest continuing weak demand for transportation services, according to the latest Beige Book published by the Federal Reserve.

Demand for transportation services was generally weak, led by lower demand from the housing sector. Reports indicated that freight volume continued to weaken in the Atlanta and Cleveland districts and was slow overall in the Dallas district. Intermodal transportation volumes also were said to be lower in the Atlanta and Dallas districts, although Dallas noted that rail shipments were up, led by strong agricultural shipments.

According to most reports, businesses continued to face rising costs for food, petrochemicals, metals and energy-related inputs. Several districts noted that transportation costs for most products increased.

The latest Beige Book, released Wednesday, Jan. 16, was prepared at the Federal Reserve Bank of Atlanta and based on information collected before Jan. 7. The document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.

Member Avatar smiley2008 (91.76) Submitted: 10/24/2008 11:24:14 AM
Recs: 0

SELL SELL SELL

Featured Broker Partners


Advertisement