Transportation and Logistics Report

December 19, 2011

Buy ($175)

Topics covered: Truckload, Retail and Industrial Transportation Demand, Rail and Intermodal, Parcel, LTL, FMCSA CSA Regulations, Capacity Constraints Result in Pricing Power

Companies covered: Newmont Corporation (NYSE:NEM), Eldorado Gold Corporation (NYSE:EGO), Yamana Gold Inc. (NYSE:AUY), Barrick Gold Corporation (NYSE:GOLD), Werner Enterprises, Inc. (NASDAQ:WERN), Old Dominion Freight Line, Inc. (NASDAQ:ODFL), Landstar System, Inc. (NASDAQ:LSTR), Knight Transportation, Inc. (NYSE:KNX), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Hub Group, Inc. (NASDAQ:HUBG), United Parcel Service, Inc. (NYSE:UPS), Ryder System, Inc. (NYSE:R), Quality Distribution, Inc. (NASDAQ:QLTY), Kirby Corporation (NYSE:KEX), FedEx Corporation (NYSE:FDX), Canadian Pacific Railway Limited (NYSE:CP), Con-way Inc. (NYSE:CNW), C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), UTi Worldwide Inc. (NASDAQ:UTIW), Union Pacific Corporation (NYSE:UNP), Pacer International Inc., Norfolk Southern Corporation (NYSE:NSC), Heartland Express, Inc. (NASDAQ:HTLD), Forward Air Corporation (NASDAQ:FWRD), Expeditors International of Washington, Inc. (NASDAQ:EXPD), CSX Corporation (NYSE:CSX), Arkansas Best Corp., Walmart Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Sears Holdings Corporation (OTCMKTS:SHLDQ), Kansas City Southern (NYSE:KSU), Seabridge Gold, Inc. (NYSE:SA), Gold Resource Corporation (AMEX:GORO)