Latest news with #transportindustry
Yahoo
26-06-2025
- Automotive
- Yahoo
Spotting Winners: Allison Transmission (NYSE:ALSN) And Heavy Transportation Equipment Stocks In Q1
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the heavy transportation equipment industry, including Allison Transmission (NYSE:ALSN) and its peers. Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers' concerns about carbon emissions, creating new sales opportunities. Additionally, they are increasingly offering automated equipment that increases efficiencies and connected machinery that collects actionable data. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies' offerings. The 14 heavy transportation equipment stocks we track reported a satisfactory Q1. As a group, revenues missed analysts' consensus estimates by 1.2%. Luckily, heavy transportation equipment stocks have performed well with share prices up 19.5% on average since the latest earnings results. Helping build race cars at one point, Allison Transmission (NYSE:ALSN) offers transmissions to original equipment manufacturers and fleet operators. Allison Transmission reported revenues of $766 million, down 2.9% year on year. This print fell short of analysts' expectations by 3.2%, but it was still a strong quarter for the company with full-year EBITDA and revenue guidance beating analysts' expectations. David S. Graziosi, Chair and Chief Executive Officer of Allison Transmission commented, "Allison is well-positioned to navigate current trade uncertainties, utilizing our global footprint to provide our North American customers with Made in USA products while supplying our Outside North America customers with on-highway products produced outside North America." The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $92.88. Is now the time to buy Allison Transmission? Access our full analysis of the earnings results here, it's free. Once manufacturing snowplows designed for the iconic jeep vehicle precursor, Douglas Dynamics (NYSE:PLOW) offers snow and ice equipment for the roads and sidewalks. Douglas Dynamics reported revenues of $115.1 million, up 20.3% year on year, outperforming analysts' expectations by 6.7%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Douglas Dynamics pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 18% since reporting. It currently trades at $28.81. Is now the time to buy Douglas Dynamics? Access our full analysis of the earnings results here, it's free. Having designed the industry's first double-decker railcar in the 1980s, Greenbrier (NYSE:GBX) supplies the freight rail transportation industry with railcars and related services. Greenbrier reported revenues of $762.1 million, down 11.7% year on year, falling short of analysts' expectations by 15.2%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts' expectations. Greenbrier delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. Interestingly, the stock is up 1.1% since the results and currently trades at $45.26. Read our full analysis of Greenbrier's results here. Operating under the trade name TrinityRail, Trinity (NYSE:TRN) is a provider of railcar products and services in North America. Trinity reported revenues of $585.4 million, down 27.7% year on year. This print missed analysts' expectations by 5.6%. Overall, it was a slower quarter as it also logged a significant miss of analysts' EPS estimates and a slight miss of analysts' EBITDA estimates. Trinity had the slowest revenue growth among its peers. The stock is up 4.9% since reporting and currently trades at $26.34. Read our full, actionable report on Trinity here, it's free. Notably receiving an order from FedEx for electric vehicles, Shyft (NASDAQ:SHYF) offers specialty vehicles and truck bodies for various industries. Shyft reported revenues of $204.6 million, up 3.4% year on year. This result beat analysts' expectations by 2.8%. It was an incredible quarter as it also logged a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Shyft achieved the highest full-year guidance raise among its peers. The stock is up 68.4% since reporting and currently trades at $12.28. Read our full, actionable report on Shyft here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ABC News
18-06-2025
- Automotive
- ABC News
Queensland government vows to 'do a better job' of maintaining roads with more than $8 billion in work needed
The Queensland government is pledging to get on top of its more than $8 billion maintenance and renewal bill for works needed on thousands of kilometres of state-owned roads. At a time when those costs are only growing, the government has declared it needs to do more to maintain existing assets. Those working in the transport industry argue the government should be required to provide roads which are up to scratch, in the same way their vehicles have to be. Tayla Connolly, who manages a Townsville-based transport company which works across Queensland, pointed out they were required to operate roadworthy vehicles. "There doesn't appear to be the same requirement statewide for the government to provide us with roads that are safe to travel on for our vehicles,' she said. Ms Connolly's company runs 26 prime movers which service both private and government customers across rural and remote areas. She said vehicle maintenance was one of their biggest costs. "Our bonnets are fibreglass, so any sort of corrugation or shaking will create damage there," she said. "There's obviously suspension as well, which on some of the rougher roads in Queensland we do see quite a lot of damage to." Every year, the Department of Transport and Main Roads (TMR) calculates the cost of what it calls the "capital renewal investment needs". It takes into account the resealing, resurfacing and rehabilitation works needed for pavements on roads, as well as the rehabilitation required for structures, such as bridges. It does not include routine maintenance jobs, such as pothole patching, minor pavement repairs, or vegetation management. At the end of the 2023-24 financial year, the department estimated there was $8.63 billion in outstanding renewal and maintenance works with no funding — up from $7.8 billion the year before. Over the same period, the length of impacted road fell from 11,383km to 10,040km. The Queensland Transport and Roads Investment Program for 2024-25 to 2027-28 includes $5.23 billion for maintenance, preservation, and operations. Transport Minister Brent Mickelberg said he wanted to stabilise the cost of outstanding works and "hopefully start to turn the curve and reduce the backlog over time". "My personal view is we need to do a better job of maintaining our existing assets," he said. "Politicians love building new things and it's important that we do build new infrastructure, but it's really important that we maintain what we have as well." Mr Mickelberg acknowledged maintenance works were getting more expensive thanks to increased prices for bitumen and wages. Despite that, he said the government needed to get on top of the "growing burden" of works, warning it was road users who paid the price. "They pay the price through either greater congestion, or they pay the price through vehicle damage," Mr Mickelberg said. "That's the reality of these maintenance backlogs." The minister said his department prioritised road safety issues. RACQ's head of public policy Michael Kane said the club's members were constantly complaining about poor road surfaces. "What that does is cause damage to tyres, suspension, windscreens — all adding to the cost of travelling on Queensland roads," he said. "Our members are less interested in shiny and new, and they very strongly say to us they want to see the roads fixed, they want to see them properly maintained and extended. Dr Kane said more damage was being inflicted on Queensland roads due to "extreme" weather events and a growing population. "The key thing is to have the adequate funding to build back better." Ms Connolly agreed weather events substantially reduced the effective life of roads and bridges. "You simply cannot have a road under water for that period of time and expect it to have the same effective life," she said. TMR expects recent flooding events in Queensland will impact both the short-term condition of roads and the rate of deterioration in the future. As of May, the department said work was still underway to get detailed damage assessments. "The initial focus has been on completing emergency repairs to ensure roads can safely remain open while we work on a full reconstruction program," a TMR spokesperson said. 'The recovery works are jointly funded by the Australian and Queensland governments through the Disaster Recovery Funding Arrangements.'
