The 15 US Big Transportation Corps, with Pretax Income or Loss of at least $100 mil in either the 4Q 2011 or in the 4Q 2010, reported Total Pretax Income growth of a very robust 34% in the most recent quarter.
And this happened despite very high fuel costs.
I do think it is great for the US economy for the key Transportation Sector to generate 34% total earnings growth in the same 4Q that the 4 Big Oil Corps that dominate have their total earnings growth increase by only 2%.
.............................................4Q.........4Q............Increase
...........................................2011......2010........(Decrease)
..........................................PTI(L).....PTI(L).....Amount....%
.............................................(in millions of dollars)...........
UnitedParcelService(1)......1,889......1,730.........159.......9%
Union Pacific.....................1,530.......1,180........350......30%
Boeing...............................1,444.......1,003........441......44%
FedEx..................................777.........437.........340......78%
Norfolk Southern.................723.........562..........161......29%
CSX......................................712.........701............11.......2%
Delta Air Lines(2).................447..........52..........395....760%
Southwest Airlines...............255.........213............42......20%
CH Robinson........................173.........164..............9.......5%
Expeditors Intl.....................155.........152.............3.......2%
Kansas City So(3)..................122.........105...........17......16%
JB Hunt Transport................116..........89............27......30%
Alaska Air............................101.........104............(3).....-3%
United Continental.............(146).......(324).........178......55%
AMR(4)..............................(192).......(133).........(59)....-44%
Total all 15.......................8,106.......6,035.......2,071......34%
(1) United Parcel Service PTI in both years is before Pension Accounting Mark-to-Market Accounting.
(2) Delta Air Lines PTI in both years is before Loss on Debt Extinguishment.
(3) Kansas City Southern in both years is before Debt Retirement Charges.
(4) AMR 2011 PTL is before Reorganizations Costs and Asset Impairment Charges.
