Best of the Blogs, Transportation: Toyota Forecasts a Doubling of Profits Through March 2013
Plus, American Airlines pitches a new contract offer to the Transport Workers Union members.
This column highlights the most interesting and useful financial commentary on transportation from around the Web every Thursday.
The Wall Street Journal: Driver's Seat
Link: Toyota's Profit, Outlook Soar as Full Production Recovers
"Buoyed by a five-fold surge in net income in the fiscal fourth quarter and a return to full production capacity, an upbeat Toyota Motor Corp. (TM) on Wedneday forecast a doubling of profits in the current fiscal year through March 2013."
Link: Top operations guy touts American Airlines' last, best offer to TWU members
"Jim Ream, American Airlines (AAMRQ.PK) senior vice president of operations, has made a video talking up the carrier's contract proposal to Transport Workers Union members."
The New York Times: Wheels
Link: In China, Volkswagen Outsources Product Plan to the People
"When an automaker decides to crowdsource ideas for its product line, it could do worse than canvassing the biggest crowd in the world.
"That is what Volkswagen (VOW.MU) did in the People's Republic of China. The company, whose name literally means 'people's car,' began soliciting ideas about the future of the automobile on a dedicated Web site last year. Three winning ideas handpicked from the virtual suggestion box, which the company called the People's Car Project, were presented last month at the Beijing auto show. Images of the finalists were released last week."
National Journal: Transportation Experts Blog
Link: Keystone Plus Two-Year Highway Bill Equals Deal
"A Democratic compromise on Keystone could pave the way to a highway bill.
"The Democrat-run Senate has a transportation bill it's happy with--and which has a chance in the Republican-led House. Meanwhile, House GOP leadership is pushing hard on a provision that would automatically approve the Keystone XL pipeline. Yes, the pipeline failed in a straight up-or-down Senate vote, but language forcing the president to make a decision on it passed in December when it was attached to the politically hot payroll-tax extension. Could that be all it takes?"
Link: Investment Management Firm to Acquire Patriot Rail
"SteelRiver Infrastructure Partners has agreed to acquire 100% of the capital stock of Patriot Rail Corp."
Link: Audi narrowly beats BMW in April to take premium sales crown
The global luxury war has three fierce combatants, all German, all producers of amazing vehicles, and all serious about besting their two other rivals. While BMW (BMW.DE) has been winning as of late, the latest battle goes to Audi.
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