Research Library
Below is our complete library of daily research listed in reverse chronological order. Please use the search box to look for research on a specific company or topic, or use the Calendar, Archives, or Sector links at left to browse for research from a specific time period or sector. The buttons on the side will filter our catalogue to show longer full length reports, past conference call replays, our interactive doh! scenario models, and iFreight, our daily transport blog with real-time updates on transportation topics throughout the day. If you are a Wolfe Trahan client and can not access any of the links in our library, please contact to request our PDF decryption plug-in.
François Trahan’s Portfolio Strategy Conference Call Slides
Chief Investment Strategist, François Trahan, will host a 45–minute conference call discussing: A Powerful (Cyclical?) Recovery For The U.S. Economy; the Defining Moment Of The Year… A Peak In Leading Indicators!; and Risks & Opportunities In 2010 And Beyond… Mostly Risks! These are the slides from that launch call.
François Trahan’s Portfolio Strategy Outlook
The report, entitled “Economic Growth Accelerating, Market Running On Fumes, Policy Out Of Gas” encompasses François’ investment themes in 2010.
The five key takeaways from the report are: 1) Equity markets are already pricing in 5% GDP growth ; 2) an imminent rollover in leading indicators is set to change the equity landscape; 3)Â stability over [...]
State of the Freight: First Quarter
This 79 page report analyzes the results of over 150 shippers that filled out our third-quarter survey during mid-January. Within the report, we discuss in detail: pricing, volume, service and capacity trends across our transportation universe. The report looks at inventory restocking/destocking trends and how they could relate to demand and supply through 2010 and [...]
4Q09 Postview Slide Report: Recent Pullback Provides Solid Long Opportunities for Transports
This handy miniature slide report provides an easy accessible way to quickly access recent operating and financial trends out of fourth quarter reports. Slides include an updated look at recent trends in the Rail, Truck, and Airfreight & Logistics sectors as well as our updated thesis on how to make money in the transports, long [...]
The Wolfe Monthly Macro Watch: Strong Finish to Peak Season — What’s Next?
Vols across all major freight modes we track were positive y/y in their latest monthly reports. However this reflects very easy comps and only modest signs of real demand improvement, as freight continues to track well below levels seen in C07. Of the 5 major freight modes available through Dec.—Rails, Trucks, [...]
The Wolfe Monthly Macro Watch: Freight Continues to Suggest Gradual Recovery Theme
The Wolfe Monthly Macro Watch summarizes the most recently available Air, Ocean, Rail & Truck freight statistics. Each month, we track 14 series of domestic and international freight data.
The State of the Freight: Third Quarter
This 78 page report analyzes the results of over 150 shippers that filled out our third-quarter survey during mid-October. Within the report, we discuss in detail: pricing, volume, service and capacity trends across our transportation universe. The report looks at inventory restocking/destocking trends and how they could relate to demand and supply through 2009 and [...]
Atlas Air Worldwide Initiation: Trading Before Take-off; 747-8Fs on the Horizon
Atlas Air Worldwide is the leading provider of freighter aircraft and related outsourced solutions to the global airfreight industry. Currently, Atlas manages and operates the world's largest fleet of 747-400 freighters and, likely in late 2010, will become the first outsourced provider of the even larger, more fuel-efficient 747-8 freighters. As a result of adding [...]
RailAmerica, Inc. Initiation: Act II Should Play Better for This Short-Line Rail
RailAmerica operates 40 short-line railroads in the U.S. and Canada and also provides related rail services such as switching, storage and maintenance. RailAmerica was public from 1992 to 2007, prior to being brought private by Fortress. During its first act as a public company, RailAmerica had a reputation of over-paying for dilutive acquisitions and generating [...]
2Q Postview Slide Report: Do Transports Have Enough Operating Leverage to Continue Outperformance?
This handy miniature slide report provides an easy accessible way to quickly access recent operating and financial trends out of second quarter reports. Slides include an updated look at recent trends in the Rail, Truck, and Airfreight & Logistics sectors as well as our updated thesis for making money in the transports with rankings of [...]