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Freezing weather hits airlines, freight companies

  • Airlines have canceled over 1,000 flights, while freight companies and online retailers have delayed deliveries, due to severe winter weather across the U.S., particularly in the south.
  • American Airlines (AAMRQ, LCC) has been especially affected after more than 400 flights from Dallas/Fort Worth, American's largest hub, were scrapped.
  • FedEx (FDX) and UPS (UPS) have also felt the impact of the weather, while eBay (EBAY) has warned of shipment delays.
  • Meanwhile, ice storms have cut power to over 200,000 homes from Texas to Tennessee.
  • More freezing weather is predicted for tomorrow.
  • It's likely to take a while for the economic cost of the storm to be calculated. Insurer Aon (AON) reckons that the losses from the tornadoes and thunderstorms that hit the U.S. last month will top $1B. Allstate (ALL) may take a large hit after towns in Illinois, where it is the second-biggest insurer, were among those to feel the full wrath of the storms.
  • ETFs: KIE, IAK, KBWP, KBWI
Comments (5)
  • deercreekvols
    , contributor
    Comments (6307) | Send Message
     
    CSX trains are still managing to get through...long CSX...
    8 Dec 2013, 06:57 PM Reply Like
  • Hendershott
    , contributor
    Comments (1602) | Send Message
     
    Apparently the freeze has hit the shale drillers as well.
    8 Dec 2013, 08:12 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11419) | Send Message
     
    The US needs desperately to improve its infrastructure and demand better building standards. Cold winter weather is annual you know and this freeze over isn't really that awe inspiring considering the weather this winter has beer rather temperate up until this cold snap. Likewise, Asian countries like Taiwan suffer hurricanes/typoons 3-6 times a year without much ballyhoo whereas the US the wealthiest country in the world constructs wood houses on the beaches where hurricanes hit regularly and then grieves about the cost.

     

    It's about time to get real and demand proper land use management and construction standards. If 3rd word countries can do it at a fraction of the cost without the rich resources we have its a pity we are structurally so messed up we can't do even the same if not better.
    9 Dec 2013, 12:03 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1554) | Send Message
     
    I agree, but compared to the Philippines, the USA is way ahead when it comes to construction standards. When a category V tornado strikes in the USA, it flattens all buildings but only a few dozen die, here, a cat 5 typhoon will, due to storm surge creating high water drowning people (most people here can't swim) and high winds downing flimsy construction (tin shacks unfit for even animals in the USA), cause 1000s to die. But modern concrete buildings here survive high winds, just like they would in a developed country. Trouble is, few build them.
    9 Dec 2013, 12:34 AM Reply Like
  • jackooo
    , contributor
    Comments (1536) | Send Message
     
    I wrote Obama about it but did not get a reply.
    9 Dec 2013, 04:10 PM Reply Like
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