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NYA:AIR, Nov 15, 03:41 UTC

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Friday, November 09


News

AAR reports annual gains in October for carload and intermodal volumes - Logistics Management

AIR

Logistics in the NewsAAR reports annual gains in October for carload and intermodal volumesAAR reports annual gains in October for carload and intermodal volumesPreferred Shipping signs re-seller agreement with Lone Star OvernightXPO Logistics introduces four new technology initiatives with an eye on LTL optimizationGlobal supply chain investors keep close tabs on 3PL M&A activityMore Logistics News. Rail carloads, at 1,338,037, rose 1%, or 12,598, annually for the month. And AAR said that 13 of the 20 carload commodity it tracks saw annual gains, including: petroleum & petroleum products, up 13,746 carloads or 28.4%; coal, up 6,828 carloads or 1.6%; and primary metal products, up 4,188 carloads or 9.8%. All in all, we expect most rail traffic categories to continue to benefit from what we hope will be continued solid economic growth.”. For the week ending November 3, U.S. carloads rose 5.4% to 560,046, and intermodal containers and trailers rose 8.9% to 289,741 units, on an annual basis. AAR said that through the first 44 weeks of 2018, U.S. rail carloads are up 1.9% to 11,586,596, and intermodal units are up 5.8% to 12,275,918.

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News

Kenya: AAR Insurance Rolls Out New SME Medical Cover

AIR

Nairobi — AAR Insurance has launched a new medical cover targeting small and medium enterprises. The company's Managing Director Nixon Shigoli said the cover targets both owners and employees and allows small firms to choose what should be included in the medical cover. "Majority of Kenyan businesses fall in the SME category and employ millions of Kenyans. Yet most of them do not provide medical insurance to employees. "Previously, medical insurance policies for SMEs were standard but more clients are demanding tailor-made packages. That's why we conducted a market survey to gain a better perspective of the SME market," he added.

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Thursday, November 08


News

AAR and Ameco Sign Long-Term RB211 Repair Deal at MRO APAC

AIR

SINGAPORE, Nov. 8, 2018 /PRNewswire/ -- AAR (AIR), a global provider of aftermarket aviation services for commercial airlines, signed a long-term contract with Ameco, a world MRO expert in RB211 repair and disassembly on Wednesday at MRO APAC. The deal positions AAR to provide long-term support to customers in the market for this Rolls-Royce engine. The agreement includes AAR's cooperation with Ameco to provide RB211 repair/exchange and leasing services, highlighting AAR's flexibility for its customers in more than 100 countries around the world. "We admire Ameco's outstanding reputation as China's largest RB211 shop," said Sal Marino, Senior Vice President Aviation Services, AAR.

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Tuesday, November 06


News

Analysts Set AAR Corp. (AIR) PT at $53.40 – PressOracle

AIR

AAR Corp. (NYSE:AIR) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. Zacks Investment Research raised shares of AAR from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, September 11th. 3,216 shares of the company’s stock were exchanged, compared to its average volume of 276,494.

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Friday, November 02


News

AAR reports U.S. rail carload and intermodal volume gains for week ending October 27 - Logistics Management

AIR

Logistics in the NewsAAR reports U.S. rail carload and intermodal volume gains for week ending October 27FedEx Express introduces new Sydney-Singapore flightUPS Freight, Teamsters labor impasse may be coming to a headOctober ISM data trends down but manufacturing is still growingXPO reports record third quarter resultsMore Logistics News. Logistics ResourceA Look at Uninterrupted Cold Chain Intelligence at Hypermarket Scale Supply Chain intelligence for cold chain quality assurance must evolve to form an unbroken chain of monitoring and traceability from the supplier’s dock to the store floor. AAR said that eight of the ten carload commodity groups it tracks posted annual gains, including: coal, up 4,373 carloads, to 87,975; petroleum and petroleum products, up 3,548 carloads, to 13,188; and chemicals, up 1,681 carloads, to 31,689. Through the first 43 weeks of 2018, U.S. carloads are up 1.9% annually to 11,316,291 and intermodal units, at 11,986,177, are up 5.7% for the same period.

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Friday, October 26


News

U.S. rail carload and intermodal volumes are mixed for week ending October 20, reports AAR - Logistics Management

AIR

rail carload and intermodal volumes are mixed for week ending October 20, reports AARNew legislation focuses on upping multimodal freight investmentUPS reports solid 3Q earnings results in advance of holiday swingXPO Logistics rolls out upgrades to XPO Connect digital freight marketplaceATA’s truck tonnage readings trend down but remain on solid footingMore Transportation News. AAR said that five of the ten carload commodity groups it tracks posted annual gains, including: petroleum and petroleum products, up 1,790 carloads, to 11,955; miscellaneous carloads, up 1,267 carloads, to 11,370; and metallic ores and metals, up 1,056 carloads, to 23,369. Commodity groups that posted decreases compared with the same week in 2017 included nonmetallic minerals, down 3,788 carloads, to 36,102; grain, down 1,594 carloads, to 22,431; and farm products excl. 8th Annual Rail/Intermodal Roundtable: Work in progressVolumes are strong and steady, service is improving, yet our panel of the nation’s foremost rail... Transportation Best Practices and Trends: Frios’ cool solution for a hot sellerGourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due... 35th Annual Quest for Quality Awards: Scaling to new heights of serviceWhich carriers, third-party logistics providers and U.S. ports have reached the pinnacle of... 29th Annual State of Logistics Report: Carriers take the wheelAs if higher rates and capacity shortages weren’t enough to worry about, shippers must now deal...

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Thursday, October 25


News

Why Is AAR (AIR) Down 9% Since Last Earnings Report?

AIR

It has been about a month since the last earnings report for AAR (AIR). Will the recent negative trend continue leading up to its next earnings release, or is AAR due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Also, the successful launch of the INL/A Worldwide Aviation Support Services (WASS) program, which achieved full run-rate in July, contributed to the top line.Segment Details In the fiscal first quarter, revenues from the Aviation Services segment summed $438.4 million, up 18.1% year over year.Expeditionary Services garnered revenues of $27.9 million, up 4.9% from $29.2 million in the year-ago quarter.Highlights of the ReleaseAAR Corp’s cost of sales in the reported quarter increased 17.5% year over year to $395.1 million.Selling, general and administrative expenses rose 10% to $48.8 million.The company incurred interest expenses of $1.6 million compared with $1.7 million in first-quarter fiscal 2018.Financial ConditionAs of Aug 31, 2018, AAR Corp’s cash and cash equivalents amounted to $22.7 million compared with $31.1 million as of May 31, 2018.As of Aug 31, 2018, net property, plant and equipment were $132.5 million compared with $133.2 million as of May 31, 2018.As of Aug 31, 2018, total debt increased to $210.7 million from $178.9 million as of May 31, 2018. How Have Estimates Been Moving Since Then?

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Wednesday, October 24


News

As Aar Corp (AIR) Shares Declined, Marcato Capital Management LP Has Decreased Its Holding by $4.61 Million

AIR

Delaware-based Riverhead Capital Mngmt Ltd Liability Corp has invested 0.01% in AAR Corp. (NYSE:AIR). American Century holds 0.01% or 247,068 shares. Since July 19, 2018, it had 0 insider purchases, and 3 selling transactions for $4.71 million activity. Marcato Capital Management Lp who had been investing in Aar Corp for a number of months, seems to be less bullish one the $1.55B market cap company. More news for AAR Corp. (NYSE:AIR) were recently published by: Streetinsider.com, which released: “Boeing’s profit beat eclipses 737 snarl, charges; shares jump” on October 24, 2018.

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Friday, October 19


News

AAR reports annual carload and intermodal gains for week ending October 13 - Logistics Management

AIR

Rail carloads, at 263,787, were up 0.4% compared to the same week a year ago and were below the week ending October 6 at 269,394 and the week ending September 29 at 272,306. Transportation in the NewsAAR reports annual carload and intermodal gains for week ending October 13Streamlining Your Freight with an Integrated Transportation NetworkUncertainty surrounds fine print of new, trilateral North American free trade dealFedEx set to acquire Manton Air-Sea Pty Ltd.September intermodal volumes see gains, reports IANAMore Transportation News. AAR said that six of the ten carload commodity groups it tracks posted annual gains, including: petroleum and petroleum products, up 2,824 carloads, to 11,783; metallic ores and metals, up 815 carloads, to 23,128; and miscellaneous carloads, up 387 carloads, to 10,332. Through the first 41 weeks of 2018, U.S. rail carloads are up 1.9% at 10,781,980, and intermodal units are up 5.8% at 11,402,578.

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Thursday, October 18


News

AAR (AIR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS – PressOracle

AIR

The aerospace company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02, Briefing.com reports. The company has a current ratio of 3.12, a quick ratio of 1.63 and a debt-to-equity ratio of 0.23. In other news, CAO Eric Pachapa sold 3,000 shares of AAR stock in a transaction dated Thursday, August 2nd. Zacks Investment Research upgraded shares of AAR from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Tuesday, September 11th.

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