The document discusses the North American intermodal transportation market, focusing on key participants like railroads, intermediaries, and truckers. It provides data on the growth of intermodal revenues for major railroads from 2000-2009, showing increases. International trade makes up about 60% of rail intermodal traffic in North America, with over 7.8 million international shipping containers moved by rail in 2008. Charts show the growth in shipping container volumes at US ports and transported by rail from 2000-2009.
We are alive! Now what? by Kārlis CērbulisRoberts Zīle
Brilliant and professional look at the current economical situation of Latvia. Kārlis Cērbulis is one of the bright economical minds in Latvia and collegue of mine in the economist association "EA2010" Enjoy!
Presentation by Mr Kārlis Cerbulis, economics expert, Senior Vice President, NCH Advisors Inc. Baltic States at EP ECR group meeting in Riga, Latvia on September, 2010.
Goldman Sachs Fourth Annual Global Steel CEO Forum finance15
This document is from a presentation by United States Steel Corporation given at the Fourth Annual Global Steel CEO Forum on December 3, 2008. It provides an overview of US Steel's vision, values, operations, strategic acquisitions, markets, outlook and approach to capital allocation. US Steel is the 5th largest global steel producer and has operations in North America, Central Europe and the Balkans producing a variety of flat-rolled and tubular steel products.
The document contains several charts and graphs related to education levels and income, operating expenses over time, production and scrap reports from different factories, and a poll about what people are most likely to do on their 21st birthday. It provides data on median incomes by education level and gender, operating expenses from 1997 to 2006 for an unnamed organization, production and scrap amounts from 10 factories, and the results of an informal poll about turning 21.
Shelub cdc health care professional travel lectureAaron Shelub
This document discusses key aspects of travel medicine and the pre-travel consultation. It outlines topics to cover in the consultation including assessing the traveler's health risks based on their medical history, itinerary, destinations and activities. Common health risks and diseases of concern for travelers are reviewed, such as malaria, travelers' diarrhea, hepatitis A, typhoid and yellow fever. The importance of vaccinations for adult travelers is emphasized. The document provides guidance on travel health resources and disease specific information to discuss with patients during the pre-travel consultation.
- Century Aluminum reported financial results for the first quarter of 2009 with a net loss of $115 million compared to a net loss of $694 million in the fourth quarter of 2008.
- Operations have been impacted by weak end markets with plants performing safely though further capacity curtailments may be required to balance the aluminum market.
- The company has taken aggressive actions to reduce costs including full curtailment of the Ravenswood plant, curtailment of a potline at Hawesville, and production cuts at other facilities. Liquidity was also improved through an equity offering and tax refunds providing $267 million of cash on hand.
- While signs of potential market stabilization are emerging, the macro
The document provides an overview of Evraz Group, a vertically integrated steel and mining company. In 2010, Evraz saw significant growth in revenues and EBITDA due to strong market recovery. Revenues increased 37% to $13.4 billion while EBITDA grew 90% to $2.35 billion. Steel remained the primary revenue source but mining contributed more to EBITDA due to higher iron ore and coal prices. The company continued to generate positive free cash flow despite high capital expenditures.
This document contains forward-looking information about a Canadian advanced-exploration gold company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It has significant high-grade gold resources at its Brucejack project, including 5 million ounces of measured and indicated resources and 3 million ounces of inferred resources. It is advancing Brucejack as a stand-alone underground project with near-term production potential. The company also sees opportunities in the bulk-tonnage gold resources at Brucejack and Snowfield projects.
We are alive! Now what? by Kārlis CērbulisRoberts Zīle
Brilliant and professional look at the current economical situation of Latvia. Kārlis Cērbulis is one of the bright economical minds in Latvia and collegue of mine in the economist association "EA2010" Enjoy!
Presentation by Mr Kārlis Cerbulis, economics expert, Senior Vice President, NCH Advisors Inc. Baltic States at EP ECR group meeting in Riga, Latvia on September, 2010.
Goldman Sachs Fourth Annual Global Steel CEO Forum finance15
This document is from a presentation by United States Steel Corporation given at the Fourth Annual Global Steel CEO Forum on December 3, 2008. It provides an overview of US Steel's vision, values, operations, strategic acquisitions, markets, outlook and approach to capital allocation. US Steel is the 5th largest global steel producer and has operations in North America, Central Europe and the Balkans producing a variety of flat-rolled and tubular steel products.
The document contains several charts and graphs related to education levels and income, operating expenses over time, production and scrap reports from different factories, and a poll about what people are most likely to do on their 21st birthday. It provides data on median incomes by education level and gender, operating expenses from 1997 to 2006 for an unnamed organization, production and scrap amounts from 10 factories, and the results of an informal poll about turning 21.
Shelub cdc health care professional travel lectureAaron Shelub
This document discusses key aspects of travel medicine and the pre-travel consultation. It outlines topics to cover in the consultation including assessing the traveler's health risks based on their medical history, itinerary, destinations and activities. Common health risks and diseases of concern for travelers are reviewed, such as malaria, travelers' diarrhea, hepatitis A, typhoid and yellow fever. The importance of vaccinations for adult travelers is emphasized. The document provides guidance on travel health resources and disease specific information to discuss with patients during the pre-travel consultation.
- Century Aluminum reported financial results for the first quarter of 2009 with a net loss of $115 million compared to a net loss of $694 million in the fourth quarter of 2008.
- Operations have been impacted by weak end markets with plants performing safely though further capacity curtailments may be required to balance the aluminum market.
- The company has taken aggressive actions to reduce costs including full curtailment of the Ravenswood plant, curtailment of a potline at Hawesville, and production cuts at other facilities. Liquidity was also improved through an equity offering and tax refunds providing $267 million of cash on hand.
- While signs of potential market stabilization are emerging, the macro
The document provides an overview of Evraz Group, a vertically integrated steel and mining company. In 2010, Evraz saw significant growth in revenues and EBITDA due to strong market recovery. Revenues increased 37% to $13.4 billion while EBITDA grew 90% to $2.35 billion. Steel remained the primary revenue source but mining contributed more to EBITDA due to higher iron ore and coal prices. The company continued to generate positive free cash flow despite high capital expenditures.
This document contains forward-looking information about a Canadian advanced-exploration gold company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It has significant high-grade gold resources at its Brucejack project, including 5 million ounces of measured and indicated resources and 3 million ounces of inferred resources. It is advancing Brucejack as a stand-alone underground project with near-term production potential. The company also sees opportunities in the bulk-tonnage gold resources at Brucejack and Snowfield projects.
The document is Parker Hannifin Corporation's 2008 annual report which summarizes the company's financial performance for the fiscal year. It highlights that Parker Hannifin generated $12.1 billion in revenues, had 960,000 products, 449,000 customers, 62,000 employees, and 298 manufacturing plants. The annual report covers how the company is applying its expertise in motion and control technologies across many industries to increase customer productivity and profitability.
What can we do in a changing World? Brussels, 2011 (IPC SEF on Parcel)Levente Laszlo
Magyar Posta is a Hungarian postal operator that is adapting to changing customer habits driven by the internet and electronic media. It has developed cooperative business models and platforms to distribute items across borders and provide additional services like cash-on-delivery and reverse logistics management. One case study involved distributing parcels from Poland to Romania through Magyar Posta's hub in Hungary and a partnership with Posta Romana for last mile delivery and collection.
The document discusses the gold market and Barrick Gold Corporation's strategy. It provides an overview of gold supply and demand trends, the relationship between gold prices and the US dollar, growth in gold investment demand, reductions in producer hedging, and central banks accumulating gold reserves. It also outlines Barrick's plans to eliminate its hedge book, divest non-core assets, focus on reserve growth through acquisitions, improve operating performance, start up new projects, and resolve the divestiture of its Batu Hijau mine in Indonesia.
This document summarizes investment performance data from the IPD UK Residential Index. It provides an overview of residential real estate as an investment class compared to commercial real estate over short, medium, and long time periods from 2000 to 2009. Residential real estate significantly outperformed commercial real estate over the 9-year period, with total returns that were double those of commercial property.
First Quantum Minerals is a global diversified mining company currently producing copper cathode, copper concentrate, gold and sulfuric acid. The company has a significant copper production growth profile with new mines coming online in the near to medium term. First Quantum is also expanding into nickel production and pursuing growth through projects in Australia, Finland, Zambia, Mauritania and Peru with over $2 billion in projected investment between 2011-2015. The company has a strong track record of efficient operations and a goal of increasing copper production 46% to 470,000 tonnes by 2015 through expansion of existing mines like Kansanshi in Zambia.
Understanding of the Vietnamese Economy and Business Environment 2012Tri Dung, Tran
This document summarizes the Vietnamese economy and business environment. It discusses Vietnam's GDP growth rate from 1986 to 2012, trends in registered foreign direct investment from 1988 to 2012, and sources of FDI in 2010. It also provides an overview of Vietnam's stock markets, including market capitalization as a percentage of GDP from 2005 to 2011. Additionally, it outlines characteristics of Vietnam's banking sector, including total assets and outstanding loans as of 2010. The document identifies ongoing issues and opportunities within Vietnam's economy and business practices.
The document summarizes the state of the US rail transportation industry as presented to a petcoke conference in 2008. It notes that overall railroad volumes and rail coke volumes are down in 2008 compared to 2007. It also discusses railroad profits hitting record levels, rail stocks performing well, pressure from investors to improve returns, challenges around capacity constraints, potential legislative changes, and the future outlook around capacity expansion and pricing.
This document provides templates for business reviews of projects and support activities. It includes templates for overall summaries, project management, risks, finances, and milestones. The templates are organized into sections for general information, projects, and support. Guidance is provided on the intended use and key information for each template to ensure a consistent approach across reviews.
This document discusses EDC and its relationship with CARICOM countries. EDC is Canada's export credit agency and crown corporation that facilitates international trade. It has a presence in Central America and the Caribbean region and provides financing and insurance solutions. The summary provides an overview of EDC's business volume and customers served in CARICOM markets like the Bahamas, Barbados, and Jamaica. It also lists some of the top Canadian exports to these countries by industry.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
The document provides an overview of the Turkish business environment and retail sector. Key points include:
1) Turkey has a young population, strong economic growth, and strategic location between Europe and Asia, making it an attractive market for investment.
2) The retail sector has traditionally been composed of small shops but is becoming more modern, with supermarket sales growing rapidly in recent decades.
3) The retail sector is expected to continue expanding significantly due to Turkey's growing economy and consumer base.
- The document was the earnings call transcript from Quepasa Corporation for the first quarter of 2012, discussing key metrics and financial results.
- Registered users, visits, and pageviews all continued to increase quarter-over-quarter. Adjusted EBITDA was $672,937 for Q1 2012 compared to $10,430 in Q1 2011.
- Management highlighted continued growth in the company's core social networking platform, which was being rebranded from myYearbook to MeetMe.
HMS Group Investor Newsletter Bobruisk plant M&AHMS Group
HMS Group will acquire 57% of Bobruisk Machine Building Plant, a Belarusian pump manufacturer, for $9.6 million. The plant has significant production capacity across various pump types including oil refining pumps, pulp and paper pumps, and wastewater pumps. The acquisition will broaden HMS Group's product portfolio and allow entrance into the attractive oil refining pump market while increasing its market share in pumps for metallurgy and mining. HMS Group expects to increase the plant's revenue more than twofold and boost its EBITDA margin to 16-18% within a few years through development of new product lines and equipment purchases.
This document provides an overview and analysis of the mid-year 2010 Houston office market. It includes statistics on employment, inventory, construction, leasing, and sales activity. Key metrics like availability rates, absorption, rental rates, and capitalization rates are analyzed for the overall market and various submarkets. Development trends are also examined through maps and profiles of select properties.
This document contains forward-looking information about a Canadian advanced-exploration gold company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It has significant high-grade gold resources at its Brucejack project, including 5 million ounces of measured and indicated resources at an average grade of 16.62 g/t gold. It is advancing Brucejack as a stand-alone underground project with near-term production potential. The company also sees potential for scaling up based on 13 million ounces of measured and indicated bulk-tonnage gold resources at Brucejack. It is exploring the additional bulk-tonnage gold opportunity at its Snowfield project.
MPX Energia is a Brazilian power company with 3 projects totaling 1,440 MW under construction. It has 15-year power purchase agreements secured with the regulated market in Brazil. The projects are fully funded through loans from the IDB and BNDES and have lump-sum turn-key engineering, procurement, and construction contracts. MPX also has potential upside from oil and gas exploration in Colombia. Despite its strong financial position with over R$1 billion in cash, MPX is currently trading below its estimated cash value, representing potential 60-100% upside for investors.
Re-building confidence in the lending market, Working Party on Land Registrat...LandRegistry
Re-building confidence in the lending market, Working Party on Land Registration UNECE 2012, London, Paul Broadhead, Head of Mortgage Policy, Building Societies Association
This corporate presentation introduces MMX, an iron ore mining company. It discusses MMX's existing iron ore mining operations in Brazil and Chile, which include the Corumbá System, Sudeste System consisting of the Serra Azul and Bom Sucesso mines, and Minera MMX de Chile assets. MMX has high quality iron ore reserves with low production costs and secured logistics through partnerships. The presentation also provides an overview of a recent investment in MMX by Wuhan Iron and Steel, a large Chinese steel producer, which includes an iron ore offtake agreement and plans for a joint venture steel plant in Brazil.
Estonia Overview - Andrus Viirg - Stanford - Jan 25 2010Burton Lee
Estonia is a northern European country that regained its independence in 1991 after being occupied by the Soviet Union. It has a population of 1.36 million and its economy relies heavily on exports, which comprise 76% of GDP. Estonia has transitioned to a digital society, with nearly all government and banking services available online. It has a strong focus on innovation and R&D, with several Centers of Excellence conducting research in fields like IT, electronics, food, and biomedicine. Enterprise Estonia works to promote foreign investment and international trade, as well as support entrepreneurs and startups.
Amtrak has seen steady ridership growth over the past decade. In fiscal year 2011, Amtrak set new ridership records, carrying over 30 million passengers for the first time. While Amtrak operates fewer routes now than when it started in 1971, it carries over 82,000 passengers daily on its 305 daily trains. Looking to the future, population growth is expected to concentrate around urban areas, increasing pressure on transportation networks. Intercity passenger rail can help meet this growing demand through increased frequencies and new corridor routes built upon the existing long distance network.
The document discusses Nationwide Insurance's challenges with its finance function and its efforts to address those challenges through a project called Project FOCUS. Specifically, Nationwide was hindered by multiple financial processes, organizations, and systems across its enterprise, which created issues with timely access to information and increased expenses. Through Project FOCUS, Nationwide aimed to reinvent the role and operating model of its finance function to enhance its contribution to the company's future success. The document outlines Nationwide's finance function problems in 2006 and discusses how innovation and improved performance require investment in areas like talent management, financial data, performance tracking, business intelligence, and financial close and reporting processes.
The document is Parker Hannifin Corporation's 2008 annual report which summarizes the company's financial performance for the fiscal year. It highlights that Parker Hannifin generated $12.1 billion in revenues, had 960,000 products, 449,000 customers, 62,000 employees, and 298 manufacturing plants. The annual report covers how the company is applying its expertise in motion and control technologies across many industries to increase customer productivity and profitability.
What can we do in a changing World? Brussels, 2011 (IPC SEF on Parcel)Levente Laszlo
Magyar Posta is a Hungarian postal operator that is adapting to changing customer habits driven by the internet and electronic media. It has developed cooperative business models and platforms to distribute items across borders and provide additional services like cash-on-delivery and reverse logistics management. One case study involved distributing parcels from Poland to Romania through Magyar Posta's hub in Hungary and a partnership with Posta Romana for last mile delivery and collection.
The document discusses the gold market and Barrick Gold Corporation's strategy. It provides an overview of gold supply and demand trends, the relationship between gold prices and the US dollar, growth in gold investment demand, reductions in producer hedging, and central banks accumulating gold reserves. It also outlines Barrick's plans to eliminate its hedge book, divest non-core assets, focus on reserve growth through acquisitions, improve operating performance, start up new projects, and resolve the divestiture of its Batu Hijau mine in Indonesia.
This document summarizes investment performance data from the IPD UK Residential Index. It provides an overview of residential real estate as an investment class compared to commercial real estate over short, medium, and long time periods from 2000 to 2009. Residential real estate significantly outperformed commercial real estate over the 9-year period, with total returns that were double those of commercial property.
First Quantum Minerals is a global diversified mining company currently producing copper cathode, copper concentrate, gold and sulfuric acid. The company has a significant copper production growth profile with new mines coming online in the near to medium term. First Quantum is also expanding into nickel production and pursuing growth through projects in Australia, Finland, Zambia, Mauritania and Peru with over $2 billion in projected investment between 2011-2015. The company has a strong track record of efficient operations and a goal of increasing copper production 46% to 470,000 tonnes by 2015 through expansion of existing mines like Kansanshi in Zambia.
Understanding of the Vietnamese Economy and Business Environment 2012Tri Dung, Tran
This document summarizes the Vietnamese economy and business environment. It discusses Vietnam's GDP growth rate from 1986 to 2012, trends in registered foreign direct investment from 1988 to 2012, and sources of FDI in 2010. It also provides an overview of Vietnam's stock markets, including market capitalization as a percentage of GDP from 2005 to 2011. Additionally, it outlines characteristics of Vietnam's banking sector, including total assets and outstanding loans as of 2010. The document identifies ongoing issues and opportunities within Vietnam's economy and business practices.
The document summarizes the state of the US rail transportation industry as presented to a petcoke conference in 2008. It notes that overall railroad volumes and rail coke volumes are down in 2008 compared to 2007. It also discusses railroad profits hitting record levels, rail stocks performing well, pressure from investors to improve returns, challenges around capacity constraints, potential legislative changes, and the future outlook around capacity expansion and pricing.
This document provides templates for business reviews of projects and support activities. It includes templates for overall summaries, project management, risks, finances, and milestones. The templates are organized into sections for general information, projects, and support. Guidance is provided on the intended use and key information for each template to ensure a consistent approach across reviews.
This document discusses EDC and its relationship with CARICOM countries. EDC is Canada's export credit agency and crown corporation that facilitates international trade. It has a presence in Central America and the Caribbean region and provides financing and insurance solutions. The summary provides an overview of EDC's business volume and customers served in CARICOM markets like the Bahamas, Barbados, and Jamaica. It also lists some of the top Canadian exports to these countries by industry.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
The document provides an overview of the Turkish business environment and retail sector. Key points include:
1) Turkey has a young population, strong economic growth, and strategic location between Europe and Asia, making it an attractive market for investment.
2) The retail sector has traditionally been composed of small shops but is becoming more modern, with supermarket sales growing rapidly in recent decades.
3) The retail sector is expected to continue expanding significantly due to Turkey's growing economy and consumer base.
- The document was the earnings call transcript from Quepasa Corporation for the first quarter of 2012, discussing key metrics and financial results.
- Registered users, visits, and pageviews all continued to increase quarter-over-quarter. Adjusted EBITDA was $672,937 for Q1 2012 compared to $10,430 in Q1 2011.
- Management highlighted continued growth in the company's core social networking platform, which was being rebranded from myYearbook to MeetMe.
HMS Group Investor Newsletter Bobruisk plant M&AHMS Group
HMS Group will acquire 57% of Bobruisk Machine Building Plant, a Belarusian pump manufacturer, for $9.6 million. The plant has significant production capacity across various pump types including oil refining pumps, pulp and paper pumps, and wastewater pumps. The acquisition will broaden HMS Group's product portfolio and allow entrance into the attractive oil refining pump market while increasing its market share in pumps for metallurgy and mining. HMS Group expects to increase the plant's revenue more than twofold and boost its EBITDA margin to 16-18% within a few years through development of new product lines and equipment purchases.
This document provides an overview and analysis of the mid-year 2010 Houston office market. It includes statistics on employment, inventory, construction, leasing, and sales activity. Key metrics like availability rates, absorption, rental rates, and capitalization rates are analyzed for the overall market and various submarkets. Development trends are also examined through maps and profiles of select properties.
This document contains forward-looking information about a Canadian advanced-exploration gold company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It has significant high-grade gold resources at its Brucejack project, including 5 million ounces of measured and indicated resources at an average grade of 16.62 g/t gold. It is advancing Brucejack as a stand-alone underground project with near-term production potential. The company also sees potential for scaling up based on 13 million ounces of measured and indicated bulk-tonnage gold resources at Brucejack. It is exploring the additional bulk-tonnage gold opportunity at its Snowfield project.
MPX Energia is a Brazilian power company with 3 projects totaling 1,440 MW under construction. It has 15-year power purchase agreements secured with the regulated market in Brazil. The projects are fully funded through loans from the IDB and BNDES and have lump-sum turn-key engineering, procurement, and construction contracts. MPX also has potential upside from oil and gas exploration in Colombia. Despite its strong financial position with over R$1 billion in cash, MPX is currently trading below its estimated cash value, representing potential 60-100% upside for investors.
Re-building confidence in the lending market, Working Party on Land Registrat...LandRegistry
Re-building confidence in the lending market, Working Party on Land Registration UNECE 2012, London, Paul Broadhead, Head of Mortgage Policy, Building Societies Association
This corporate presentation introduces MMX, an iron ore mining company. It discusses MMX's existing iron ore mining operations in Brazil and Chile, which include the Corumbá System, Sudeste System consisting of the Serra Azul and Bom Sucesso mines, and Minera MMX de Chile assets. MMX has high quality iron ore reserves with low production costs and secured logistics through partnerships. The presentation also provides an overview of a recent investment in MMX by Wuhan Iron and Steel, a large Chinese steel producer, which includes an iron ore offtake agreement and plans for a joint venture steel plant in Brazil.
Estonia Overview - Andrus Viirg - Stanford - Jan 25 2010Burton Lee
Estonia is a northern European country that regained its independence in 1991 after being occupied by the Soviet Union. It has a population of 1.36 million and its economy relies heavily on exports, which comprise 76% of GDP. Estonia has transitioned to a digital society, with nearly all government and banking services available online. It has a strong focus on innovation and R&D, with several Centers of Excellence conducting research in fields like IT, electronics, food, and biomedicine. Enterprise Estonia works to promote foreign investment and international trade, as well as support entrepreneurs and startups.
Amtrak has seen steady ridership growth over the past decade. In fiscal year 2011, Amtrak set new ridership records, carrying over 30 million passengers for the first time. While Amtrak operates fewer routes now than when it started in 1971, it carries over 82,000 passengers daily on its 305 daily trains. Looking to the future, population growth is expected to concentrate around urban areas, increasing pressure on transportation networks. Intercity passenger rail can help meet this growing demand through increased frequencies and new corridor routes built upon the existing long distance network.
The document discusses Nationwide Insurance's challenges with its finance function and its efforts to address those challenges through a project called Project FOCUS. Specifically, Nationwide was hindered by multiple financial processes, organizations, and systems across its enterprise, which created issues with timely access to information and increased expenses. Through Project FOCUS, Nationwide aimed to reinvent the role and operating model of its finance function to enhance its contribution to the company's future success. The document outlines Nationwide's finance function problems in 2006 and discusses how innovation and improved performance require investment in areas like talent management, financial data, performance tracking, business intelligence, and financial close and reporting processes.
The transition to Finch - the implications for academic librariesBLHdSocSci
This document summarizes the key challenges and opportunities for academic libraries in transitioning to more open access models of scholarly communication by 2020. It notes that libraries will need to adapt budgets to changing subscription and open access publication models. Libraries will also take on greater roles in managing institutional repositories, metadata, and discoverability to support open access. Overall libraries remain essential to connecting researchers to information and supporting the creation and sharing of new knowledge.
Shelub cdc health care professional travel lectureAaron Shelub
This document provides an overview of travel medicine and the pre-travel consultation process. It discusses key topics including travelers' health epidemiology, assessing the traveler, reviewing the travel itinerary, common travel health risks such as malaria, hepatitis A, typhoid fever and travelers' diarrhea. It also reviews important travel vaccines including hepatitis A and B, typhoid, yellow fever and malaria chemoprophylaxis. The document is intended as an educational reference for healthcare professionals conducting pre-travel health consultations.
Pascal Hartmann is a German sociologist and an experienced strategy executive and theory designer. He is also the Director of the R & D Department at Logon Architecture. With an eye to the future, his work embraces the architectural heritage of the city in a sustainable fashion.
Will Hutton - London Child Poverty Conference Civic Agenda
Will Hutton discusses the need for reforming capitalism in the wake of the financial crisis. He argues that risk must be socialized for ordinary citizens and that there needs to be a value system of equity underlying the ecosystem that supports capitalism. The rise of "bad capitalism" led to an unsustainable model in the banking sector focused on high leverage, large trading books, and outsized compensation.
Citrix XenServer is a free enterprise-class server virtualization platform that provides advanced virtualization management and automation capabilities through Citrix Essentials for XenServer. It allows for centralized management of virtual infrastructure and workloads across physical servers. Key benefits include consolidation of servers for improved efficiency, flexibility to dynamically respond to business needs, and business continuity through high availability and disaster recovery.
Who Controls the Flow? Sharing Flow Fairly at the Confluence of Regional Wate...CPWF Mekong
This document discusses water and energy governance in the Mekong River Basin. It presents scenarios for dam development through 2030 that would expand irrigation by 1.6 million hectares but negatively impact 5 environmental hotspots and affect 1.4 million people. It also examines how the government, market, and people control water flows. The market is driving electricity demand growth and dam construction for hydropower. While floods annually cost $60-70 million, their economic benefits of $8-10 billion far outweigh the costs, largely accruing to the people of the basin. Achieving a fair sharing of these resources across stakeholders is challenging without proper regional coordination and planning.
Wilson Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Each month we looked at a specific situation taken from the InKnowVision case files. We review the facts and circumstances, the Family Wealth Goal Achiever Process, and the solutions used in the case.
Learn more at www.inknowvision.com
The document summarizes an economic outlook presentation given by Jed Smith from the National Association of REALTORS®. It discusses forecasting methodology, presents projections for the U.S. and Ohio economies from 2011-2013 including housing, jobs and GDP growth, and analyzes risks and uncertainties. Key challenges discussed are government spending/taxation issues, foreign policies, consumer confidence, and structural problems affecting long-term job growth. Charts show the impact of the recession on household wealth, unemployment levels, and GDP decline.
Board Workshop On Strategic Governance And FinanceEllen Chaffee
All-day workshop for trustees and executive leaders of a public university that must achieve ambitious new goals despite increasingly scarce resources. Topics include strategic finance and organizational change.
PAYU provides an affordable pay-as-you-go computing platform for accessing the internet and digital services in East Africa. It utilizes a novel combination of wireless and cloud technologies through local servers and thin client computers. Users can access a variety of shared applications and content by purchasing vouchers to refill their account, allowing connectivity wherever a wireless signal is available. The system is aimed at increasing digital access and usage in Sub-Saharan Africa through a low-cost and customizable shared infrastructure model.
The document discusses the growth of online video between 2006-2010. It notes that the number of people streaming videos in the US increased from around 120 million in 2006 to over 160 million in 2010. Additionally, the number of videos streamed grew from 63 billion to over 441 billion during this period. The amount spent on online video advertising also increased dramatically, from $324 million in 2006 to $1.44 billion in 2010.
Similar to The North American Intermodal Marketplace @ YE2009 (20)
The North American Intermodal Marketplace @ YE2009
1. Select Views Of The
North American Intermodal Marketplace,
Past & Present
Including Its Key Participants,*
The Railroads, Intermediaries, and Truckers
*Excepting privately-held Schneider National, Inc., for which data details are not publicly available.
Thom A. Williams, managing director
March 9, 2010
3. Class 1 Railroads' Intermodal Revenues
RR Intermodal Revenues
US$s in millions
$5,500
BNI
$5,000
$4,500
$4,000 UNP
$3,500
The North American $3,000 NSC
Intermodal sector's
fortune is inextricably
$2,500
linked to international
CSX
trade! About 60
percent of N. A. rail $2,000 CNR
intermodal traffic
consists of $1,500
merchandise imports CP
and exports. In 2008, $1,000
the number of
international $500
intermodal containers
moved by rail from
$0 KSU
the seaports totaled
7.8 million.
00
01
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
20
20
KSU, 9-yr. ('00-'09) CP, 9-yr. ('00-'09) CNR, 9-yr. ('00-'09) CSX, 9-yr. ('00-'09) NSC, 9-yr. ('00-'09) UNP, 9-yr. ('00-'09) BNI, 9-yr. ('00-'09)
CAGR = +12.4% CAGR = +4.2% CAGR = +4.3 CAGR = +0.3 CAGR = +3.5% CAGR = +3.0% CAGR = +4.5%
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
4. U.S. Maritime Port and Railroad Container Volumes
TEUs in thousands
45,000
45,000
44,400
42,000 Totals are for all container ports, including all container traffic (both loaded and empty
40,000 TEUs) in U.S. international maritime activity, U.S. imports and exports.
38,700
38,000
35,000 36,300
Totals are for all container ports, reflecting only loaded containers
(as TEUs) in U.S. international maritime activity, U.S. imports and exports.
32,700
30,000 Totals reported by the National
Retail Federation's & Global
28,969 Insight's Port-Tracker data, TEUs
28,190
27,600 shipped through major U.S.
25,000 26,100 container ports.
23,900
21,300 AAR reported total U.S.
20,000
and Canadian container
19,700 (COFC + TOFC) load
volumes.
16,504
16,428
15,000
15,402
15,200
14,639 14,437
14,027
13,939 13,959
13,160
12,700
12,465
12,108 11,996
11,600
10,000 11,383
5,000
0
2002 2003 2004 2005 2006 2007 2008 2009
RITA-BTS U.S. Total All Loaded & Empty TEU Traffic RITA-BTS U.S. Total International International TEU Traffic
NRF-PortTracker Total Loaded TEUs Shipped to Major Retail Ports American Assoc. of Railroads Total Intermodal (COFC + TOFC) Volumes
AmherstAlphaAdvisors LLC Source Data: RITA-BTS, NRF-PortTracker, and AAR reports and records.
6. Container and Intermodal Volumes vs. RR Intermodal Revenues,
2006 - 2009
Total Container Volumes, Total RR Intermodal Revenues,
in thousands US$s in millions
20,000 $16,000
$15,238
$14,324 $14,000
$14,192
17,500 $12,000
17,375 $11,809
16,865
16,428 16,504 $10,000
16,051
15,000 15,200 $8,000
$6,000
13,746
12,500 12,700 $4,000
YE2009 vs. YE2006: Container counts of imported goods fell ~23%, to 12.7 million at YE
'09, and the railroads carried ~21% fewer intermodal shipments in '09 than during '06.
$2,000
What does not arrive at the ports is not transported across the Nation.
10,000 $0
2006 2007 2008 2009
RR Intermodal Shipments NRF Port Volumes RR Intermodal Revenue
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K and reports and records of the AAR and NRF-PortTracker.
7. 2005 Intermodal Railroads' Market Shares
How the 7 Class 1 RRs divided US$12.7 billion of '05 Intermodal revenues:
KSU
2%
CP CSX
9% 11%
CNR NSC
10% 14%
BNI
UNP
35%
19%
BNI CNR CP CSX KSU NSC UNP
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
8. 2009 Intermodal Railroads' Market Shares
How the 7 Class 1 RRs divided US$11.8 billion of '09 Intermodal revenues:
KSU
1%
CP CSX
10% 10%
CNR NSC
11% 13%
UNP
BNI
21%
34%
BNI CNR CP CSX KSU NSC UNP
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
9. Western (BNI, UNP & KSU) vs. Eastern (CSX & NSC)
Intermodal Revenues, U.S. Railroad Intermodal Revenues
US$s in millions
$9,000
BNI,
The Mississippi River essentially
UNP
$8,000 separates the spheres of influence of the BNI,
BNI, & KSU
Western-focused railroads (BNI, UNP and UNP
UNP $8,735
& KSU
KSU) from CSX and NSC, which likewise & KSU
$8,347
$7,000 dominate the Eastern third of the U.S. $8,158
BNI,
UNP
BNI,
& KSU
$6,000 UNP
$7,069
BNI, & KSU
UNP $6,608
$5,000 BNI, & KSU
BNI, UNP $5,908
BNI,
BNI, UNP & KSU
UNP
$4,000 UNP & KSU $5,191
& KSU
& KSU $4,829
$4,628
$4,567
$3,000
CSX CSX
CSX CSX
CSX & NSC & NSC
& NSC & NSC
CSX CSX & NSC $3,383 $3,524
$2,000 CSX CSX $3,188 $3,277
& NSC $2,883 CSX
& NSC & NSC & NSC
$2,287 & NSC
$2,235 $2,361 $2,503
$2,734
$1,000
$0
BNI,
2000 2001 UNP & KSU
2002
2003
2004 CSX & NSC
2005
2006
2007
2008
2009
Total annual Freight Ton Miles (Rail and Truck movements, combined) incurred within
States east of the Mississippi consistently account for near 60% of total U.S. freight ton
mileage, but now just 29% of total RR Intermodal revenues. Keep an eye on NSC's new
alliance with JBHT and CSX's with Schneider National; from the freight ton per mile
perspective, Eastern U.S. Intermodal revenues may soon far surpass what they are today.
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
11. Freight Tonnage on Highways, Railroads, and Inland Waterways:
AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
12. Tonnage on Trailer-on-Flatcar and Container-on-Flatcar RR Intermodal Moves: 2006
This display illuminates:
(1) Intermodal’s strengths west of the Mississippi, where longer
transport distances (avg. 1,500+ miles) are dominant; and,
(2) Intermodal’s still-present challenges to capture revenues from
trucking in the much-larger freight markets of the Eastern States,
where the shorter transport distances handicap Intermodal’s “rail vs.
truck” pricing advantages.
Note, e.g., how little Intermodal flows to or from the East via rail from
or to St. Louis, Memphis and Dallas.
AmherstAlphaAdvisors LLC Source Data: reports of the USDOT FHWA & FRA, and the International Union of Combined Rail-Road Transport Companies (UIRR).
13. Major Truck Routes on the National Highway System:
The Interstate
Highways are
congested, the
Rails are open,
and Shippers
always seek to
reduce costs.
Herein lie the
substantial future
Intermodal
opportunities for
CSX, NSC, JBHT,
and others!
AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
15. Components of the Major Freight Corridors:
AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
16. Current Train Volumes Compared to Current Capacity:
Clearly, CSX &
NSC (dominant
holders of rail
lanes east of the
Mississippi
River) are far
from lacking
capacity to
increase their
revenues via
growing
Intermodal
activities!
AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
17. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
18. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
19. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
20. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
21. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
22. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
23. AmherstAlphaAdvisors LLC Source Data: public records of the USDOT FHWA & FRA, and International Union of Combined Rail-Road Transport Companies (UIRR).
24. How the Truckload vs. Intermodal Freight Mix Appears Today:
AmherstAlphaAdvisors LLC Source Data: JB Hunt Transport Inc.
25. How the Truckload vs. Intermodal Freight Mix Will Look in 10-15 Years:
AmherstAlphaAdvisors LLC Source Data: JB Hunt Transport Inc.
26. Now, Let’s Take a Closer Look at JB Hunt Intermodal’s Very Successful Journey via Train:
AmherstAlphaAdvisors LLC
27. Intermodal Load Volumes: AAR U.S. vs. JBHT Intermodal
AAR Total U.S.
Intermodal Loads, JBHT Total
in thousands Intermodal Loads
JBHT's 9-year Intermodal 900,000
12,000 Volume CAGR = +8.9% 12,280,000
12,030,000
915,413
11,690,000
11,510,000
11,000 AAR U.S. RRs' 9-year Intermodal
Volume CAGR = +0.7% 11,000,000 800,000
837,575
10,000
9,881,000
9,956,000 738,207
700,000
9.3%
9,000 9,286,000 9,350,000
9,045,000
629,533
8,000 600,000
598,857
581,894
7.3%
7,000
527,404 500,000
473,856
6,000 6.1%
446,569
425,304 400,000
5.3% 5.3%
5,000 5.1% 5.1% 5.1%
4.9%
4.6%
4,000 300,000
3,000
200,000
2,000
100,000
1,000
0 0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
AAR Total US Intermodal JBHT Total Intermodal JBHT Intermodal
Loads, 9-yr. ('00-'09) Loads, 9-yr. (''00-'09) as % of AAR total
CAGR = 0.7% CAGR = 8.9% U.S. Intermodal
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K and AAR reports.
28. Intermodal Gross Revenues: Class 1 Railroads vs. JBHT Intermodal
Class 1 RRs' Intermodal JBHT's Intermodal
Gross Revenues, Gross Revenues,
US$s in millions US$s in millions
$18,000 $2,000
JBHT's 9-year Intermodal $1,952
Revenue CAGR = 11.2%
$1,800
$16,000
Class 1 RR's 9-year Intermodal $1,764
Revenue CAGR = 3.6%
$15,238
$1,653 $1,600
$14,000
$14,324
$14,192
$1,430 $1,400
$12,688
$12,000
$11,809
$1,284
$1,200
$10,943
$10,000
$1,115
$9,735
$1,000
$9,124
$8,616 $8,574
$8,000 $936
$800
$809
$741
$6,000
$681
$600
$4,000
$400
$2,000
$200
$0 $0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
7 North American JBHT Intermodal,
Class 1 RRs, 9-yr. ('00-'09) 9-yr. ('00-'09)
CAGR = +3.6% CAGR = +11.2%
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
29. Intermodal Marketing Companies (IMCs) vs. JBHT Intermodal
Intermodal Load Totals Load Volumes
1,300,000
1,306,237
1,200,000
1,165,015
1,100,000 1,135,582 1,137,938
1,000,000 1,053,771
994,174
900,000
915,413
800,000
837,575
700,000
738,207
600,000
598,857 629,533
581,894
500,000
400,000 Since YE '04 independent Intermodal Marketing
Companies (the IMCs tracked by IANA) have watched
300,000 their annual Intermodal volumes decline by ~312,000
shipments/yr. During that same time span JBHT's annual
200,000 Intermodal volumes grew by an near identical amount,
~334,000 shipments/yr.
100,000
0
2004
2005
2006
2007
2008
JBHT total Intermodal loads, IANA IMC total Intermodal loads, 2009
5-yr. CAGR = +9.5% 5-yr. CAGR = -5.3%
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K and IANA reports.
31. Key Intermediaries' Intermodal Revenues
Intermodal Revenues,
US$s in millions
$2,000
Little has changed for
Pacer and Hub Group
in the nine full years $1,764
$1,750 between
2000 and 2009!
$1,500
$1,250
$1,191
$1,055
$1,004
$1,000
$959
In the meantime, JB Hunt has nearly tripled
$750 its Intermodal revenues, and surely to
$681
Pacer's and Hub's considerable detriment!
Now facing JBHT's formidable traction here, do
either PACR or HUBG have much
$500
chance for substantive Intermodal growth?
$250
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
LSTR CHRW HUBG PACR JBHT
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
34. YE 2000 Key Intermodal Intermediaries' Market Shares
How the Top 5 divided US$2.8 billion of 2000 Intermodal Revenue
CH
RW
LST
R, $ , $7 HUBG
67 m 6m
il., 2 il., $1,004 million
% 3%
37%
JBHT
$681 million
24%
PACR
$959 million
34%
LSTR CHRW HUBG PACR JBHT
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
35. YE 2006 Key Intermodal Intermediaries' Market Shares
How the Top 5 divided US$4.4 billion of 2006 Intermodal Revenue
CHRW
LST HUBG
R, $ $167million
123
mil. 4% $1,173 million
, 3%
27%
JBHT
$1,430 million
33%
PACR
$1,492 million
33%
LSTR CHRW HUBG PACR JBHT
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
36. YE 2009 Key Intermodal Intermediaries' Market Shares
How the Top 5 divided US$4.3 billion of 2009 Intermodal Revenue
CHRW HUBG
LST
R, $
76 m
$186 million $1,055 million
il., 2 4%
% 25%
JBHT
$1,764 million PACR
41% $1,191 million
28%
While these top 5 generated ~$4.27 billion of gross Intermodal revenue during 2009, or ~$1.49 billion
more than during 2000, JBHT Intermodal captured 74% (~$1.1 billion) of that total increase.
Have HUBG and PACR been "asleep at the switch" for the past 9 years?
LSTR CHRW HUBG PACR JBHT
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
40. Comparing Gross Revenues
Gross Revenues
US$s in millions of JBHT Intermodal to Regular-truckers Werner & Swift
$3,163
$3,115
$3,000
$3,048 $3,043
$2,654
$2,500
$2,338
Swift
$2,000
$1,952
$1,882
$1,801 $1,795
$1,742 $1,764
$1,653 JBI
$1,500
$1,507
$1,430 $1,438
WERN
$1,284
$1,115
$1,000 During YE 2009, the TL segments
of Swift and WERN failed to
match even their YE 2004
revenues; yet JBHT Intermodal
$500 (JBI) was ~58% above its '04
performance.
$0
2004 2005 2006 2007 2008 2009
Werner - Trucking Revenues, JBHT Intermodal Revenues, Swift - Trucking Revenues,
5-yr. ('04-'09) 5-yr. ('04-'09) 5-yr. ('04-'09)
CAGR= -0.9% CAGR= +9.6% CAGR= -2.5%
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
41. JBHT Intermodal's Operating Income Grows ('09 vs. '04)
Operating Incomes
US$s in millions Amidst Declines of Regular-truckers Werner & Swift
$250 $254
$239
$235
$200
$184 $182 JBHT
Intermodal
$170 $183 mil.
$150 $156
$150
$136
$131 Swift
Trucking
$122 $122
$132 mil.
$113 $115
$100
$95
WERN
Trucking
$50 $68 mil.
$0
2004 2005 2006 2007 2008 2009
Werner - Trucking Opr.Income JBHT Intermodal Opr.Income Swift - Trucking Opr.Income
5-yr. ('04-'09) 5-yr. ('04-'09) 5-yr. ('04-'09)
CAGR= -12.9%. CAGR= +7.0% CAGR= -4.9%
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
42. JBHT Intermodal's Per-truck Per-month Operating Incomes
Operating Incomes
Per-Truck Per-Month
Far Surpass Those of Regular-truckers Werner & Swift
$12,000
$11,792
$10,475
$10,000 $10,213
$9,915
$9,158
$8,000
JBHT
$6,927
$6,000
$4,000
$2,000
$1,488 $1,489
$1,339
$1,091 $1,187
$986 WERN
$763 $840
$962 Swift
$505 $524
$0 $659
2004 2005 2006 2007 2008 2009
Werner - Trucking Opr.Income JBHT Intermodal Opr.Income Swift - Trucking Opr.Income
Per Trk. Per Month Per Trk. Per Month Per Trk. Per Month
5-yr. ('04-'09) CAGR= -6.4% 5-yr. ('04-'09) CAGR= -5.4% 5-yr. ('04-'09) CAGR= -2.9%
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
43. JBHT Intermodal % of JBHT Overall Results
74.0%
75.0%
Intermodal's % of JBHT's 70.8%
total operating income.
64.8%
Intermodal's % of
65.0% JBHT's total revenue.
57.9% 58.3%
54.1%
55.0%
55.1%
49.1% 48.8% 52.3%
%
45.0% 43.6% 47.4%
42.2%
43.0%
41.0%
40.0%
38.5%
35.0%
36.0%
35.3%
31.5%
25.0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Intermodal's % of Total Revenue Intermodal's % of Total Operating Income
AmherstAlphaAdvisors LLC Source Data: SEC Forms 10-K.
44. Publicly-held North American Intermodal Participants - Market Values on March 8, 2010
Market Capitalizations
@ 3/09/2009, US$s in millions
Intermodal accounted for 76% of PACR's 2009 gross revenue. Pacer International - PACR, $234
Intermodal accounted for 70% of HUBG's 2009 gross revenue. Hub Group - HUBG, $1,060
Intermodal accounted for 4% of LSTR's 2009 gross revenue. Landstar System - LSTR, $2,000
Intermodal accounted for 55% of JBHT's 2009 gross revenue. JB Hunt Transport - JBHT, $4,510
Intermodal accounted for 2% of CHRW's 2009 gross revenue. CH Robinson - CHRW, $8,840
Kansas City Southern
Intermodal accounted for 12% of KSU's 2009 gross revenue.
KSU, $3,490
Intermodal accounted for 26% of CP's 2009 gross revenue. Canadian Pacific - CP, $9,140
Intermodal accounted for 28% of CSX's 2009 gross revenue. CSX Corp. - CSX, $19,420
Intermodal accounted for 19% of NSC's 2009 gross revenue. Norfolk Southern - NSC, $19,830
Intermodal accounted for 18% of CNR's 2009 gross revenue. Canadian National - CNR, $27,170
Intermodal accounted for 28% of BNI's 2009 gross revenue.
Burlington Northern - BNI, $34,140
Intermodal accounted for 18% of UNP's 2009 gross revenue. Union Pacific - UNP, $35,590
$0.001 $10.000 $100,000.000
SPECIAL NOTE: This a 3 decimal point logarithmic scale, from Zero to $100.0 billion ($100,000 millions).
AmherstAlphaAdvisors LLC Source Data: NYSE and NASDAQ records.