Stephen Simpson, CFA
Stephen Simpson, CFA
Fri, Mar. 18, 5:56 PM
- Air Transport Services Group (NASDAQ:ATSG) is down 2.1% after hours to $14.25 after filing a 13G stating Amazon (NASDAQ:AMZN) was granted a warrant on March 8 that can be exercised to acquire 7.1M shares (a 10% stake) upon the earlier of ATSG's next shareholder meeting and July 8. The shares are currently worth $101M.
- Amazon could obtain another 5.7M shares through the warrant "upon the achievement of certain commercial milestones." The disclosure comes a week after Amazon and ATSG announced a deal through which the latter will operate a U.S. air cargo network for the former, with Amazon leasing 20 Boeing 767 jets along the way.
- At the time, the companies said Amazon is receiving warrants to buy a 19.9% stake in ATSG over a 5-year period, at a price of $9.73/share (ATSG's Feb. 9 close).
Thu, Mar. 17, 10:15 AM
- UPS (UPS +1.7%), XPO Logistics (XPO +3.6%), and Air Transport Services Group (ATSG +0.8%), C.H. Robinson Worldwide (CHRW +0.8%), and Expeditors International (EXPD +1.2%) are all out ahead of broad market averages after results at FedEx shine.
- Some confident talk from FedEx execs on the firm's conference call over the threat of Amazon may be doing the trick as much as the improved operating margin rate put in by the shipper.
- Previously: FedEx beats by $0.17, beats on revenue (Mar. 16 2016)
- Previously: Express delivers for FedEx in FQ3 (Mar. 17 2016)
Wed, Mar. 9, 11:38 AM
- Air Transport Services Group (NASDAQ:ATSG) is now up 19% after the company's deal to assist Amazon with an air cargo network was disclosed earlier.
- Though it wasn't a secret that Air Transport was running a air delivery service test for a large client, the Seattle company's interest in an ownership stake in ATSG is a new development.
- FedEX (FDX -1.4%) and UPS (UPS -1.2%) are both lower with the competitive landscape changed.
- Previously: Air Transport Services and Amazon sign air cargo network deal (Mar. 09 2016)
Wed, Mar. 9, 9:15 AM
- Gainers: LINE +27%. ATSG +24%. REXX +21%. DNR +19%. CRC +17%. BUFF +14%. LNCO +14%. BIOC +14%. SXE +14%. CJES +14%. SGY +14%. BETR +11%. AMRN +10%. BTE +9%. DANG +9%. BCEI +8%. GGB +7%. WLL +7%. SDLP +7%. EXPR +7%. CLF 6%. PBR 6%. CHK 6%. PBR.A 5%.
- Losers: SDRL -13%. DSX -9%. BPT -9%. GRPN -5%. PLNT -5%. YELP -5%.
Dec. 2, 2015, 12:17 PM
- Transportation stocks are lower on the day on some broad macroeconomic concerns. Some BAML downgrades in the sector are also weighing on sentiment.
- Trading is notably weak in CXS Corp (CSX -2.3%), American Railcar Industries (ARII -2.6%), Kansas City Southern (KSU -1.9%), YRC Worldwide (YRCW -5.7%), Heartland Express (HTLD -3.7%), Swift Transportation (SWFT -3%), FedEx (FDX -0.9%), UPS (UPS -0.5%), Air Transport Services (ATSG -1.7%), and Matson (MATX -2.5%).
- A notable exception to the sector slide is airline stocks which are showing strength after Delta Air Lines (DAL +2.7%) reported some eye-opening capacity constraint. The major carrier increased passenger revenue per available seat mile sand load factor during November. A 3% decline in crude oil prices is also factoring in to the rally in airline stocks.
- United Continental (UAL +3.2%), Hawaiian Holdings (HA +2.9%), Southwest Airlines (LUV +2.3%), and Republic Airways Holdings (RJET +4.4%) are all solidly higher.
- The Dow Jones Transportation Average is down 0.8% off the conflicting forces of gravity.
- Related ETFs: IYT, XTN, JETS.
Oct. 27, 2015, 3:29 PM
- Railroad and trucking stocks are down today on a mix of news seen as negative for the transportation sector. UPS reported lower package volume in Q3 and durable-goods orders fell in September.
- Decliners include Norfolk Southern (NSC -3.6%), Union Pacific (UNP -5.1%), CSX Corporation (CSX -3.8%), Kansas City Southern (KSU -4.4%), Canadian Pacific(CP -5.4%), Canadian National Railway (CNI -3.9%), Genesee & Wyoming (GWR -5.3%), XPO Logistics (XPO -11.8%), Echo Global Logistics (ECHO -12.6%), C.H. Robinson Worldwide (CHRW -2.8%), Radiant Logistics (RLGT -7.9%), FedEx (FDX -1.4%), Air T (AIRT -5.9%), and Air Transport Services (ATSG -3.2%).
- The iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is down 2.7%.
- Related: Tough day for four wheelers (Oct. 27)
Apr. 7, 2015, 11:15 AM
- A number of air transport stocks are on the rise after FedEx ponies up $4.8B for TNT Express.
- There's some confidence from analysts that more sector consolidation could be on tap.
- Gainers include Air Transport Services (NASDAQ:ATSG) +3.8%, Air T (NASDAQ:AIRT) +3.7%, Deutsche Post (OTCPK:DPSGY, OTCPK:DPSTF) +1.4% , Atlas Air Worldwide (NASDAQ:AAWW) +1.5%, and PostNL (OTCPK:PNLYY, OTC:TNTFF) +11.7%.
- Even UPS (NYSE:UPS) is out ahead of the broad market with a +0.6% gain.
- Previously: FedEx to buy TNT Express for €4.4B
- Previously: Investors and analysts applaud FedEx-TNT deal
Aug. 6, 2014, 12:45 PM
May 7, 2014, 12:48 PM
Feb. 28, 2013, 12:53 PM
Aug. 4, 2011, 3:14 PM
Air Transport Services (ATSG +19%) jumps after beating Q2 expectations, as an increase in aircraft deployment contributed to improved cash flow and profitability for the quarter. However, much of today's strength is likely due to short covering. The stock is off 46% this year, and was heavily shorted going into yesterday's earnings report.| Aug. 4, 2011, 3:14 PM
Jul. 22, 2011, 11:41 AM
Air Transport Services Group (ATSG -17%) drops after its second-largest customer, DB Schenker, says it's phasing out the dedicated air-cargo network supported by ATSG's airline subsidiaries, Air Transport International, and Capital Cargo International Airlines.| Jul. 22, 2011, 11:41 AM