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<title>UBS Research: Transportation</title>
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<copyright>Copyright (C) UBS 2009. All rights reserved.</copyright>
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<pubDate>Fri, 6 Nov 2009</pubDate>
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<title><![CDATA[UBS Railroads Weekly "Rails on Sale " 06-Nov-2009 Paterson]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82304|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Americas</li><br><li>Canada</li><br><li>United States</li><br><li>North America</li><br></ul><br><em>Sectors</em><br><ul><li>Global Railroads</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Americas Railroads</li><br><li>Canadian Railroads</li><br><li>US Railroads</li><br><li>Americas Industrial</li><br><li>Americas Industrial Transportation</li><br><li>Canadian Industrial</li><br><li>Canadian Industrial Transportation</li><br><li>US Industrial</li><br><li>US Industrial Transportation</li><br><li>Americas Industrial Goods &amp; Services</li><br><li>Canadian Industrial Goods &amp; Services</li><br><li>US Industrial Goods &amp; Services</li><br><li>North American Industrial</li><br><li>North American Industrial Goods &amp; Services</li><br><li>North American Railroads</li><br><li>North American Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>CNR.TO Canadian National</li><br><li>BNI.N Burlington Northern</li><br><li>CSX.N CSX</li><br><li>NSC.N Norfolk Southern</li><br><li>UNP.N Union Pacific</li><br><li>KSU.N Kansas City Southern</li><br><li>CP.TO Canadian Pacific</li><br></ul><br><em>Subjects</em><br><ul><li>Industry Overview</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Rick Paterson</author>
<category>CNR.TO</category>
<category>BNI.N</category>
<category>CSX.N</category>
<category>NSC.N</category>
<category>UNP.N</category>
<category>KSU.N</category>
<category>CP.TO</category>
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<pubDate>Fri, 6 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Panalpina "Third quarter review: A fairly valued story" (Neutral) Leisner]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69262|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Switzerland</li><br><li>Europe Including UK</li><br><li>Europe Ex. UK</li><br><li>Global</li><br><li>UBSW EMEA</li><br></ul><br><em>Sectors</em><br><ul><li>Swiss Air Freight</li><br><li>European Air Freight</li><br><li>European Ex. UK Air Freight</li><br><li>Global Air Freight</li><br><li>Swiss Industrial</li><br><li>Swiss Industrial Transportation</li><br><li>European Industrial</li><br><li>European Industrial Transportation</li><br><li>European Ex. UK Industrial</li><br><li>European Ex. UK Industrial Transportation</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Swiss Industrial Goods &amp; Services</li><br><li>European Industrial Goods &amp; Services</li><br><li>European Ex. UK Industrial Goods &amp; Services</li><br><li>Global Industrial Goods &amp; Services</li><br></ul><br><em>Companies</em><br><ul><li>KNIN.VX Kuehne + Nagel</li><br><li>PWTN.S Panalpina</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Till Leisner</author>
<category>KNIN.VX</category>
<category>PWTN.S</category>
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<pubDate>Fri, 6 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Globaltrans "Recovery is well under way" (Buy) Pushkina]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69260|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Russia</li><br><li>EMEA Emerging</li><br><li>UBSW EMEA</li><br><li>Emerging Markets</li><br></ul><br><em>Sectors</em><br><ul><li>EMEA Emerging Industrial</li><br><li>EMEA Emerging Industrial Transportation</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Russian Industrial</li><br><li>Russian Industrial Transportation</li><br><li>EMEA Emerging Industrial Goods &amp; Services</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Russian Industrial Goods &amp; Services</li><br><li>Russian Transportation Services</li><br><li>EMEA Emerging Transportation Services</li><br><li>Global Transportation Services</li><br><li>Global Emerging Industrial</li><br><li>Global Emerging Industrial Goods &amp; Services</li><br><li>Global Emerging Industrial Transportation</li><br><li>Global Emerging Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>GLTRq.L Globaltrans</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Natalia Pushkina, ACCA</author>
<category>GLTRq.L</category>
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<pubDate>Fri, 6 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[China Railway Sector "Industry restructuring to accelerate" 05-Nov-2009 Wei]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51547|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia</li><br><li>China</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br></ul><br><em>Sectors</em><br><ul><li>Global Railroads</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Asian Railroads</li><br><li>Chinese Railroads</li><br><li>Asian Industrial</li><br><li>Asian Industrial Transportation</li><br><li>Chinese Industrial</li><br><li>Chinese Industrial Transportation</li><br><li>Asian Industrial Goods &amp; Services</li><br><li>Chinese Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Railroads</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Railroads</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>0525.HK Guangshen Railway</li><br><li>601006.SS Daqin Railway</li><br><li>600125.SS Tielong Logistics</li><br><li>601333.SS Guangshen Railway A</li><br></ul><br><em>Subjects</em><br><ul><li>Industry Overview</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Richard Wei</author>
<category>0525.HK</category>
<category>601006.SS</category>
<category>600125.SS</category>
<category>601333.SS</category>
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<pubDate>Thu, 5 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Transurban "Don't call it a comeback" (Buy) Kelly]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11436|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br><li>Australia</li><br><li>Australasia</li><br></ul><br><em>Sectors</em><br><ul><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Global Transportation Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Transportation Services</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br><li>Asian Pacific Ex. JP Transportation Services</li><br><li>Australian Industrial</li><br><li>Australian Industrial Transportation</li><br><li>Australian Industrial Goods &amp; Services</li><br><li>Australian Transportation Services</li><br><li>Australasian Industrial</li><br><li>Australasian Industrial Goods &amp; Services</li><br><li>Australasian Industrial Transportation</li><br><li>Australasian Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>TCL.AX Transurban</li><br><li>CEU.AX ConnectEast</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Scott Kelly, CFA</author>
<category>TCL.AX</category>
<category>CEU.AX</category>
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<pubDate>Thu, 5 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[First Read: Panalpina "A mixed set of third-quarter results" (Neutral) Leisner]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69219|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Switzerland</li><br><li>Europe Including UK</li><br><li>Europe Ex. UK</li><br><li>Global</li><br><li>UBSW EMEA</li><br></ul><br><em>Sectors</em><br><ul><li>Swiss Air Freight</li><br><li>European Air Freight</li><br><li>European Ex. UK Air Freight</li><br><li>Global Air Freight</li><br><li>Swiss Industrial</li><br><li>Swiss Industrial Transportation</li><br><li>European Industrial</li><br><li>European Industrial Transportation</li><br><li>European Ex. UK Industrial</li><br><li>European Ex. UK Industrial Transportation</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Swiss Industrial Goods &amp; Services</li><br><li>European Industrial Goods &amp; Services</li><br><li>European Ex. UK Industrial Goods &amp; Services</li><br><li>Global Industrial Goods &amp; Services</li><br></ul><br><em>Companies</em><br><ul><li>PWTN.S Panalpina</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Till Leisner</author>
<category>PWTN.S</category>
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<pubDate>Thu, 5 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[First Read: Deutsche Post "Q3 results: complex but underlying positive" (Buy)]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69210|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Germany</li><br><li>Europe Including UK</li><br><li>Europe Ex. UK</li><br><li>Global</li><br><li>UBSW EMEA</li><br></ul><br><em>Sectors</em><br><ul><li>German Air Freight</li><br><li>European Air Freight</li><br><li>European Ex. UK Air Freight</li><br><li>Global Air Freight</li><br><li>German Industrial</li><br><li>German Industrial Transportation</li><br><li>European Industrial</li><br><li>European Industrial Transportation</li><br><li>European Ex. UK Industrial</li><br><li>European Ex. UK Industrial Transportation</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>German Industrial Goods &amp; Services</li><br><li>European Industrial Goods &amp; Services</li><br><li>European Ex. UK Industrial Goods &amp; Services</li><br><li>Global Industrial Goods &amp; Services</li><br></ul><br><em>Companies</em><br><ul><li>DPWGn.DE Deutsche Post</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Dominic Edridge</author>
<category>DPWGn.DE</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69210|native|public|20091105080746</guid>
<pubDate>Thu, 5 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[China Railway Sector "Industry restructuring to accelerate" (Chinese Version)]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya02111|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia</li><br><li>China</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br></ul><br><em>Sectors</em><br><ul><li>Global Railroads</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Asian Railroads</li><br><li>Chinese Railroads</li><br><li>Asian Industrial</li><br><li>Asian Industrial Transportation</li><br><li>Chinese Industrial</li><br><li>Chinese Industrial Transportation</li><br><li>Asian Industrial Goods &amp; Services</li><br><li>Chinese Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Railroads</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Railroads</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>0525.HK Guangshen Railway</li><br><li>601006.SS Daqin Railway</li><br><li>600125.SS Tielong Logistics</li><br><li>601333.SS Guangshen Railway A</li><br></ul><br><em>Subjects</em><br><ul><li>Industry Overview</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Richard Wei</author>
<category>0525.HK</category>
<category>601006.SS</category>
<category>600125.SS</category>
<category>601333.SS</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya02111|native|public|20091105033800</guid>
<pubDate>Thu, 5 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[SembCorp Marine "Plans S$750m mega-yard" (Buy) Lee]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51524|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia</li><br><li>Singapore</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br></ul><br><em>Sectors</em><br><ul><li>Global Shipbuilding</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Singaporean Shipbuilding</li><br><li>Asian Shipbuilding</li><br><li>Asian Industrial</li><br><li>Asian Industrial Transportation</li><br><li>Singaporean Industrial</li><br><li>Singaporean Industrial Transportation</li><br><li>Asian Industrial Goods &amp; Services</li><br><li>Singaporean Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Shipbuilding</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Shipbuilding</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>SCMN.SI SembCorp Marine</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Cheryl Lee, CFA</author>
<category>SCMN.SI</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51524|native|public|20091104232616</guid>
<pubDate>Wed, 4 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Tianjin Port "Short-term weakness vs. long-term positive" (Chinese Version)]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya02107|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia</li><br><li>China</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br></ul><br><em>Sectors</em><br><ul><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Global Transportation Services</li><br><li>Asian Industrial</li><br><li>Asian Industrial Transportation</li><br><li>Chinese Industrial</li><br><li>Chinese Industrial Transportation</li><br><li>Asian Industrial Goods &amp; Services</li><br><li>Chinese Industrial Goods &amp; Services</li><br><li>Chinese Transportation Services</li><br><li>Asian Transportation Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Transportation Services</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br><li>Asian Pacific Ex. JP Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>600717.SS Tianjin Port</li><br></ul><br><em>Subjects</em><br><ul><li>Change in Recommendation</li><br><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Robin Xu</author>
<category>600717.SS</category>
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<pubDate>Wed, 4 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Tianjin Port "Short-term weakness vs. long-term positive" (Neutral) Xu]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51513|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia</li><br><li>China</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br></ul><br><em>Sectors</em><br><ul><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Global Transportation Services</li><br><li>Asian Industrial</li><br><li>Asian Industrial Transportation</li><br><li>Chinese Industrial</li><br><li>Chinese Industrial Transportation</li><br><li>Asian Industrial Goods &amp; Services</li><br><li>Chinese Industrial Goods &amp; Services</li><br><li>Chinese Transportation Services</li><br><li>Asian Transportation Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Transportation Services</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br><li>Asian Pacific Ex. JP Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>600717.SS Tianjin Port</li><br></ul><br><em>Subjects</em><br><ul><li>Change in Recommendation</li><br><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Robin Xu</author>
<category>600717.SS</category>
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<pubDate>Wed, 4 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[China Merchants Hldg "Key takeaways from domestic China NDR" (Neutral) Huang]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51504|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia</li><br><li>China</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br></ul><br><em>Sectors</em><br><ul><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Global Transportation Services</li><br><li>Asian Industrial</li><br><li>Asian Industrial Transportation</li><br><li>Chinese Industrial</li><br><li>Chinese Industrial Transportation</li><br><li>Asian Industrial Goods &amp; Services</li><br><li>Chinese Industrial Goods &amp; Services</li><br><li>Chinese Transportation Services</li><br><li>Asian Transportation Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Transportation Services</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br><li>Asian Pacific Ex. JP Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>0144.HK China Merchants Hldg</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Edmond Huang, CFA</author>
<category>0144.HK</category>
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<pubDate>Wed, 4 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[European Transport "Alpha Preferences" 04-Nov-2009 Edridge]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69099|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Europe Including UK</li><br><li>Global</li><br></ul><br><em>Sectors</em><br><ul><li>European Industrial</li><br><li>European Industrial Transportation</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>European Industrial Goods &amp; Services</li><br><li>Global Industrial Goods &amp; Services</li><br><li>European Transportation Services</li><br><li>Global Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>BAY.L British Airways</li><br><li>LHAG.DE Lufthansa</li><br><li>MAERSKb.CO Maersk</li><br><li>FGP.L FirstGroup</li><br><li>AIRF.PA Air France - KLM</li><br><li>HHFGn.DE HHLA</li><br></ul><br><em>Subjects</em><br><ul><li>Industry Overview</li><br><li>Market Strategy / Comment</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Dominic Edridge</author>
<category>BAY.L</category>
<category>LHAG.DE</category>
<category>MAERSKb.CO</category>
<category>FGP.L</category>
<category>AIRF.PA</category>
<category>HHFGn.DE</category>
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<pubDate>Wed, 4 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Burlington Northern "Goodbye and Good Luck" (Neutral) Paterson]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82040|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Americas</li><br><li>United States</li><br><li>North America</li><br></ul><br><em>Sectors</em><br><ul><li>Global Railroads</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Americas Railroads</li><br><li>US Railroads</li><br><li>Americas Industrial</li><br><li>Americas Industrial Transportation</li><br><li>US Industrial</li><br><li>US Industrial Transportation</li><br><li>Americas Industrial Goods &amp; Services</li><br><li>US Industrial Goods &amp; Services</li><br><li>North American Industrial</li><br><li>North American Industrial Goods &amp; Services</li><br><li>North American Railroads</li><br><li>North American Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>BNI.N Burlington Northern</li><br></ul><br><em>Subjects</em><br><ul><li>Change in Recommendation</li><br><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Rick Paterson</author>
<category>BNI.N</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82040|native|public|20091104033621</guid>
<pubDate>Wed, 4 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Asciano "September volume tracker" (Buy) Mitchell]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11419|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Asia Pacific</li><br><li>Asia Pacific Ex. JP</li><br><li>Australia</li><br><li>Australasia</li><br></ul><br><em>Sectors</em><br><ul><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Global Transportation Services</li><br><li>Asian Pacific Industrial</li><br><li>Asian Pacific Industrial Goods &amp; Services</li><br><li>Asian Pacific Industrial Transportation</li><br><li>Asian Pacific Transportation Services</li><br><li>Asian Pacific Ex. JP Industrial</li><br><li>Asian Pacific Ex. JP Industrial Goods &amp; Services</li><br><li>Asian Pacific Ex. JP Industrial Transportation</li><br><li>Asian Pacific Ex. JP Transportation Services</li><br><li>Australian Industrial</li><br><li>Australian Industrial Transportation</li><br><li>Australian Industrial Goods &amp; Services</li><br><li>Australian Transportation Services</li><br><li>Australasian Industrial</li><br><li>Australasian Industrial Goods &amp; Services</li><br><li>Australasian Industrial Transportation</li><br><li>Australasian Transportation Services</li><br></ul><br><em>Companies</em><br><ul><li>AIO.AX Asciano</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Simon Mitchell</author>
<category>AIO.AX</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11419|native|public|20091103172354</guid>
<pubDate>Tue, 3 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Navistar Intl "Acquires engine components business from Continental Diesel ..."]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82005|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Americas</li><br><li>United States</li><br><li>North America</li><br></ul><br><em>Sectors</em><br><ul><li>Global Land Transportation Equipment</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>US Land Transportation Equipment</li><br><li>Americas Land Transportation Equipment</li><br><li>Americas Industrial</li><br><li>Americas Industrial Transportation</li><br><li>US Industrial</li><br><li>US Industrial Transportation</li><br><li>Americas Industrial Goods &amp; Services</li><br><li>US Industrial Goods &amp; Services</li><br><li>North American Industrial</li><br><li>North American Industrial Goods &amp; Services</li><br><li>North American Land Transportation Equipment</li><br><li>North American Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>NAV.N Navistar Intl</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Henry Kirn, CFA</author>
<category>NAV.N</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82005|native|public|20091103153317</guid>
<pubDate>Tue, 3 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[First Read: Burlington Northern "Buffett Buys Remaining 77.4% for $100/shr"]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez81999|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Americas</li><br><li>United States</li><br><li>North America</li><br></ul><br><em>Sectors</em><br><ul><li>Global Railroads</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Americas Railroads</li><br><li>US Railroads</li><br><li>Americas Industrial</li><br><li>Americas Industrial Transportation</li><br><li>US Industrial</li><br><li>US Industrial Transportation</li><br><li>Americas Industrial Goods &amp; Services</li><br><li>US Industrial Goods &amp; Services</li><br><li>North American Industrial</li><br><li>North American Industrial Goods &amp; Services</li><br><li>North American Railroads</li><br><li>North American Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>BNI.N Burlington Northern</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Rick Paterson</author>
<category>BNI.N</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez81999|native|public|20091103144435</guid>
<pubDate>Tue, 3 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[OSG America "3Q09 Update: Better than Expected" (Neutral) Barone]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez81927|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Americas</li><br><li>United States</li><br><li>North America</li><br></ul><br><em>Sectors</em><br><ul><li>Global Marine Transport</li><br><li>Global Energy</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Americas Marine Transport</li><br><li>US Marine Transport</li><br><li>Americas Energy</li><br><li>Americas Industrial</li><br><li>Americas Industrial Transportation</li><br><li>US Energy</li><br><li>US Industrial</li><br><li>US Industrial Transportation</li><br><li>Americas Industrial Goods &amp; Services</li><br><li>US Industrial Goods &amp; Services</li><br><li>North American Energy</li><br><li>North American Industrial</li><br><li>North American Industrial Goods &amp; Services</li><br><li>North American Marine Transport</li><br><li>North American Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>OSP.N OSG America</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Ronald J. Barone</author>
<category>OSP.N</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez81927|native|public|20091102230122</guid>
<pubDate>Mon, 2 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[Capital Product "2010 Recontracting Risks More Concerning" (Buy) Barone]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez81898|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Global</li><br><li>Americas</li><br><li>United States</li><br><li>North America</li><br></ul><br><em>Sectors</em><br><ul><li>Global Marine Transport</li><br><li>Global Energy</li><br><li>Global Industrial</li><br><li>Global Industrial Transportation</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Americas Marine Transport</li><br><li>US Marine Transport</li><br><li>Americas Energy</li><br><li>Americas Industrial</li><br><li>Americas Industrial Transportation</li><br><li>US Energy</li><br><li>US Industrial</li><br><li>US Industrial Transportation</li><br><li>Americas Industrial Goods &amp; Services</li><br><li>US Industrial Goods &amp; Services</li><br><li>North American Energy</li><br><li>North American Industrial</li><br><li>North American Industrial Goods &amp; Services</li><br><li>North American Marine Transport</li><br><li>North American Industrial Transportation</li><br></ul><br><em>Companies</em><br><ul><li>CPLP.O Capital Product</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Ronald J. Barone</author>
<category>CPLP.O</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez81898|native|public|20091102150125</guid>
<pubDate>Mon, 2 Nov 2009</pubDate>
</item>
<item>
<title><![CDATA[First Read: TNT "Positive Q3 results; recovery underway" (Neutral) Edridge]]></title>
<link>http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer68987|native|public</link>
<description><![CDATA[This document is related to the following:<br><em>Regions</em><br><ul><li>Europe Including UK</li><br><li>Europe Ex. UK</li><br><li>Global</li><br><li>Netherlands</li><br><li>UBSW EMEA</li><br></ul><br><em>Sectors</em><br><ul><li>European Air Freight</li><br><li>European Ex. UK Air Freight</li><br><li>Global Air Freight</li><br><li>Netherlands Air Freight</li><br><li>Netherlands Consumer Services</li><br><li>European Consumer Services</li><br><li>European Ex. UK Consumer Services</li><br><li>Global Consumer Services</li><br><li>European Industrial</li><br><li>European Consumer, Non-Cyclical</li><br><li>European Industrial Transportation</li><br><li>European Ex. UK Industrial</li><br><li>European Ex. UK Consumer, Non-Cyclical</li><br><li>European Ex. UK Industrial Transportation</li><br><li>Global Industrial</li><br><li>Global Consumer, Non-Cyclical</li><br><li>Global Industrial Transportation</li><br><li>Netherlands Industrial</li><br><li>Netherlands Consumer, Non-Cyclical</li><br><li>Netherlands Industrial Transportation</li><br><li>European Industrial Goods &amp; Services</li><br><li>European Non-Cyclical Goods &amp; Services</li><br><li>European Ex. UK Industrial Goods &amp; Services</li><br><li>European Ex. UK Non-Cyclical Goods &amp; Services</li><br><li>Global Industrial Goods &amp; Services</li><br><li>Global Non-Cyclical Goods &amp; Services</li><br><li>Netherlands Industrial Goods &amp; Services</li><br><li>Netherlands Non-Cyclical Goods &amp; Services</li><br></ul><br><em>Companies</em><br><ul><li>TNT.AS TNT</li><br></ul><br><em>Subjects</em><br><ul><li>Company Update</li><br><li>Operating Results</li><br><li>Morning Note</li><br></ul>]]></description>
<author>Dominic Edridge</author>
<category>TNT.AS</category>
<guid isPermaLink="false">http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer68987|native|public|20091102081344</guid>
<pubDate>Mon, 2 Nov 2009</pubDate>
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