iShares Transportation Average

Latest iShares Transportation Average News and Updates

  • uploads///Traffic
    Company & Industry Overviews

    Why Delta Air Lines’ Traffic Fell in August 2016

    Delta Air Lines’ (DAL) total traffic fell due to a computer outage. For August 2016, Delta’s traffic fell by 2.8% as compared to the 0.5% capacity growth.

    By Ally Schmidt
  • uploads///UNP Intermodal
    Company & Industry Overviews

    Why Union Pacific’s Intermodal Freight Revenues Could Disappoint in 2016

    Union Pacific’s domestic intermodal includes North American operations. Intermodal freight generated 20% of the company’s revenues in 2014.

    By Samuel Prince
  • uploads///ANR
    Earnings Report

    Why Did Analysts Fall Out of Love with Southwest Airlines?

    Out of the 18 analysts tracking Southwest Airlines (LUV), 11 analysts (61.1%) have a “buy” recommendation on the stock versus 71% analysts that had a “buy” recommendation on Southwest in 2Q16.

    By Ally Schmidt
  • uploads///ALK demand capacity growth
    Earnings Report

    What Helped Alaska Air Group Drive its 2Q15 Earnings?

    Adding newer destinations Alaska Air Group (ALK) added a number of new routes in the second quarter of 2015, such as: Boise to Reno Eugene to San Jose, California Los Angeles to Baltimore Los Angeles to Gunnison–Crested Butte Los Angeles to Monterey Los Angeles to San Jose, Costa Rica Portland to Austin Seattle to Charleston […]

    By Ally Schmidt
  • uploads///LC capacity growth
    Company & Industry Overviews

    Alaska Airlines Capacity Growth Is Faster than That of Its Peers

    Alaska Air Group saw the highest surge in traffic demand and was the leader in capacity growth, with a 6.4% YoY increase in its capacity in July 2015.

    By Ally Schmidt
  • Industrials

    Why Delta’s unit cost increased in 3Q14

    Delta’s operating expenses increased by 16%, on 7% higher revenue, to $10,343 million. Higher costs had a negative impact on Delta’s operating profits.

    By Teresa Cederholm
  • uploads///Executive Board
    Company & Industry Overviews

    Turnover in Norfolk Southern’s Top Management in 2015

    In 2015, Norfolk Southern Corporation (NSC) witnessed numerous changes in its executive management ranks due to either retirement or promotion.

    By Samuel Prince
  • uploads///CSXs Stock Price Q
    Earnings Report

    Why Should Investors Anticipate CSX’s 2Q16 Earnings Preview?

    Railroad stocks provide a good insight into the overall health of the economy. CSX Corporation will release its 2Q16 earnings on July 13.

    By Samuel Prince
  • uploads///ANR
    Earnings Report

    More Analysts Have Turned Positive on Alaska Air Group

    Alaska Air Group’s (ALK) consensus 12-month target price is $80.55, which indicates a 15.2% return potential on October 10, 2016.

    By Ally Schmidt
  • uploads///Transport Stocks Have Seen a Multiple Contraction in
    Macroeconomic Analysis

    What Has Caused the Correction in Transportation Stocks?

    DJTI’s price-to-earnings ratio climbed from 15.7x at the start of 2013 to 20.2x at the end of 2014. This year, transportation stocks (IYT) have taken a hit, leading to multiple contractions.

    By Russ Koesterich, CFA
  • uploads///LF
    Macroeconomic Analysis

    Can Airline Capacity Utilization Improve Going Forward?

    Airline capacity utilization is measured using the passenger load factor, which is calculated by dividing traffic numbers by capacity numbers.

    By Ally Schmidt
  • uploads///air fares
    Macroeconomic Analysis

    Are 2016’s Rising Airfares Here to Stay?

    Since airlines across the industry have been forecast to beat record profits achieved in 2015, consumers have expected a further fall in airfares.

    By Ally Schmidt
  • Industrials

    United sees major improvement in 3Q14 fuel cost efficiency

    United achieved significant fuel cost savings during 3Q14 in the form of lower purchase costs and improved fuel efficiency.

    By Teresa Cederholm
  • Industrials

    The must-know drivers of air cargo growth for US airlines

    According to the IATA, global air freight volume has increased by 4.5%. Capacity, measured by available freight ton kilometers (or AFTK), increased by 3.5% year-over-year in August 2014.

    By Teresa Cederholm
  • uploads///Monthly Breakeven Inflation Rate
    Macroeconomic Analysis

    What worries Charles Evans?

    A slowing global economy is also a worrying factor for Charles Evans. Companies with an export focus will hire fewer people if there are fewer orders.

    By David Ashworth
  • uploads///ODFL Valuation
    Company & Industry Overviews

    Why Old Dominion Freight Line Commands a Valuation Premium

    Old Dominion announced a rise of 2.0% LTL tons in January and 3.2% in February. During the same months, its LTL shipments per day rose by over 6%.

    By Samuel Prince
  • uploads///UPS International
    Company & Industry Overviews

    UPS’s Second-Largest Segment: International Package Segment

    United Parcel Service’s international package segment includes small package operations in Europe, Asia-Pacific, Canada, Latin America, the Indian subcontinent, the Middle East, and Africa.

    By Samuel Prince
  • uploads///Stock
    Company & Industry Overviews

    Most Airline Stocks Continue to Tumble in August

    In 2015, most airline stocks have fallen, and the NYSE ARCA Airline Index (XAL), which is composed of the major US airline stocks, has also tumbled as much as 13.5% year-to-date.

    By Ally Schmidt
  • Industrials

    Why it’s important for airlines to improve load factor

    Load factor measures capacity utilization. It indicates the percentage of total capacity that an airline utilizes. Airlines are capital intensive. They have high fixed costs.

    By Teresa Cederholm
  • uploads///CSX Carloads
    Energy & Utilities

    How CSX’s Carloads Compared with Industry Volumes in Week 6

    In the sixth week of 2018 (ended February 10), CSX posted a 9% loss in carload traffic.

    By Samuel Prince
  • Industrials

    Key growth trends in airline passenger traffic by region

    Global passenger traffic has increased by 5.8% year-over-year during the first eight months of 2014. Europe (29.7%), Asia-Pacifc (29.2%), and North America (25%) comprise ~85% of global market share by passenger traffic.

    By Teresa Cederholm
  • uploads///Pension Accounting
    Company & Industry Overviews

    Why Did FedEx Switch to Mark-to-Market Pension Accounting?

    FedEx suffered a loss of $895.0 million in connection with the shift to new pension accounting in 2015.

    By Samuel Prince
  • uploads///UPS US market share
    Company & Industry Overviews

    A Look into UPS’s Domestic Package Segment

    UPS’s Domestic Package segment provides an array of guaranteed ground and air package transportation services, depending on the customer’s need.

    By Ally Schmidt
  • uploads///FedEx Tax Bill
    Company & Industry Overviews

    FedEx Tax Bill: CEO Challenges New York Times’ Claims

    FedEx (FDX) CEO Frederick Smith slammed the New York Times for its story about FDX’s tax bill. In a statement, Smith challenged the publisher to a debate.

    By Anirudha Bhagat
  • uploads///US Airlines LF Aug
    Company & Industry Overviews

    US Airlines Capacity Growth Outpaces Demand, Load Factor Drops

    Decreasing load factors across the airline industry mean that airlines are not able to fill up their seats as fast as they are adding seats. This justifies investor fears of overcapacity.

    By Ally Schmidt
  • uploads///Image
    Industrials

    Week 38: US Rail Traffic Growth Stood Out in North America

    The Association of American Railroads published its weekly rail traffic data for 12 key North American railroad companies on September 26.

    By Samuel Prince
  • uploads///ODFL Revenues
    Company & Industry Overviews

    How Old Dominion Freight Line Dominates the Less-Than-Truckload Industry

    Old Dominion Freight Line (ODFL) is the United States’ major provider of regional, interregional, and national LTL (less-than-truckload) services.

    By Samuel Prince
  • uploads///Image
    Earnings Report

    FedEx Delivers Strong Fourth-Quarter Earnings

    FedEx (FDX) announced its fourth-quarter earnings after the market closed on June 19. FedEx surpassed analysts’ adjusted EPS estimate by 3.6%.

    By Samuel Prince
  • uploads///US Airlines Traffic Aug
    Company & Industry Overviews

    Airline Industry Demand Continues to Grow in August

    The demand for air travel experienced considerable growth in the month of August, driven by traditional vacation travel as well as lower fares of major air carriers.

    By Ally Schmidt
  • uploads///JBLU growth
    Earnings Report

    Looking at Investing in JetBlue, Even without Dividends

    JetBlue is in its growth phase and prefers to utilize its cash receipts to fund business growth and reduce debt levels. JetBlue currently pays no dividends.

    By Ally Schmidt
  • uploads///DAL revenue segments
    Earnings Report

    What Investors Should Know about Delta Air Lines

    Delta Air Lines (DAL) is the third largest domestic airline in the US. The company serves more than 170 million customers each year across the globe.

    By Ally Schmidt
  • uploads///Merger
    Miscellaneous

    Alaska Air Group Completes Virgin America Merger

    On April 4, 2016, Alaska Air Group (ALK) announced its acquisition of Virgin America for $57 per share in cash, which amounted to $2.6 billion.

    By Ally Schmidt
  • uploads///FDX revenue per package
    Company & Industry Overviews

    FedEx’s New Pricing Policy Improves Its Efficiency

    Effective January 2015, FedEx changed its pricing policy for all of its FedEx Ground packages less than 3 cubic feet to a “dimensional weight pricing” mechanism.

    By Ally Schmidt
  • uploads///
    Fund Managers

    Fundamental Industry Trends that Investors Should Know

    While air freight and logistics service operators have benefited from the recovery in the US economy, M&A has been the major growth driver for the industry in recent years.

    By Santiago Solari
  • uploads///Forward pe
    Company & Industry Overviews

    Analyzing the Valuation Trend of Courier Services

    The economic upturn since 2009 has improved growth prospects for the courier companies. This coupled with improving industry margins has led to improving industry valuations.

    By Ally Schmidt
  • uploads///Passenger Yield
    Company & Industry Overviews

    Airlines Passenger Yield Continues to Decline in August 2015

    Passenger yield declined by 8% year-over-year for August 2015 to 15.3 cents from 16.6 cents. This is the highest decline since the start of the year.

    By Ally Schmidt
  • uploads///BNSF OpMar Q
    Earnings Report

    Why BNSF’s Operating Margin Slumped in 3Q16

    Along with BNSF, other Class I railroad companies’ operating margins have been in focus in recent quarters amid weak industry fundamentals.

    By Samuel Prince
  • uploads///Part_Passenger traffic growth by region
    Industrials

    The global airline industry contributes to economic development

    With 16,000 unique city pairs, connectivity by air is estimated to have doubled in the past two decades. Moreover, although demand continues to rise, the price of travel has fallen.

    By Teresa Cederholm
  • uploads/// US election results
    Miscellaneous

    Initial Reactions from the Travel Industry after Trump’s Win

    Just a few days ago, we wrote about how Trump had received very little support from the travel industry. Now that he’s been elected, what’s next?

    By Ally Schmidt
  • uploads///Airline valuation
    Earnings Report

    Airlines’ Relative Valuations after 4Q16 Earnings: What Is Priced In?

    Alaska Air Group (ALK) currently has the highest forward EV-to-EBITDA multiple of 6.6x.

    By Ally Schmidt
  • Industrials

    Why the end of the Wright Amendment helps Southwest

    With the repeal of the Wright Amendment on October 13, 2014, the company immediately launched nonstop flights to seven destinations. This was the largest single-day expansion in Southwest’s history.

    By Teresa Cederholm
  • uploads///part
    Real Insights

    The Economic Costs That Come with Climate Goals

    Climate-related policies and a transition to a low-carbon economy require capital, and most countries are already burdened with high debt.

    By Sushree Mohanty
  • uploads///FDX EU market share
    Earnings Report

    Will the TNT Express Deal Benefit FedEx?

    Earlier this year, FedEx (FDX) declared its offer to purchase TNT Express for an all-cash offer of $4.8 billion. It wants to gain better market share.

    By Ally Schmidt
  • uploads///UPS valuation
    Earnings Report

    How Is UPS Valued Compared to Its Peers?

    UPS’s forward PE ratio stands at 17.1x compared to its current PE ratio of 22.3. Analysts are expecting UPS’s earnings to grow in the next four quarters.

    By Ally Schmidt
  • uploads///XAL Vs IYT vs XLY
    Macroeconomic Analysis

    Analyzing the Key Variables for the Airline Industry

    Investors should keep an eye on airfare trends. Despite a 40% fall in crude oil prices—the major cost for airlines—airfares have remained fairly stable.

    By Ally Schmidt
  • uploads///US GDP Growth
    Company & Industry Overviews

    What are UPS’s Revenue Drivers?

    Revenue drivers There are three main drivers of revenue growth for United Parcel Service (UPS): package volumes, product mix and pricing, and fuel surcharges. Package volumes and product mix and pricing are in turn driven by economic growth.   Economic growth Increasing economic growth increases e-commerce demand, which in turn increases demand for courier services. […]

    By Ally Schmidt
  • uploads///FedEx Stock
    Industrials

    FedEx Stock Soars on US-China Trade Deal Optimism

    FedEx stock soared yesterday on hopes of a US-China trade deal after US commerce secretary Wilbur Ross said the two sides are “making good progress.”

    By Anirudha Bhagat
  • Industrials

    John Williams outlines the must-know signs pointing to a recovery

    Dr. John Williams, president and CEO of the San Francisco Fed, spoke on the normalization of monetary policy and monetary tightening in a presentation to the Association of Trade & Forfaiting in the Americas in San Francisco on Thursday, May 22.

    By Phalguni Soni
  • uploads///plane _
    Earnings Report

    Delta: What to Expect from Its Q1 Earnings

    Delta Air Lines (DAL) is scheduled to report its first-quarter earnings results on April 10.

    By Anirudha Bhagat
  • uploads///Margins
    Earnings Report

    Analysts’ Estimates for Delta’s Margin Suggest Limited Expansion

    Delta Air Lines’ EBITDA (earnings before interest, tax, depreciation, and amortization) margins are expected to have improved to 21% in 2015 as compared to 10% in 2014.

    By Ally Schmidt
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