A broker’s main job is to find carriers to move freight for shippers, but the reality is that brokers often spend more time than necessary focusing on cash flow management and getting carriers paid.
In a now familiar story, another logistics company – in this case Tiong Nam – reports weaker quarterly results owing to a global trade headwinds. Analysts warn on liquidity pressures.
France-based contract logistics provider ID Logistics Group SA gains access to a U.S. e-commerce platform in its acquisition of Jagged Peak.
10 of 11 Trucking Freight Futures contracts higher on November/December spot roll.
Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.
Integrated logistics services provider Tasco, a subsidiary of Yusen Logistics and an NYK Group company, has reported flat second quarter revenues and costs but a surge in net profit. Its six month figures don’t look so great though and equities analysts are disappointed.
This is the first time outbound tender rejections have remained above 6% for consecutive weeks since March 2019.
The first of a four-part series teaching the crucial basic elements in freight and shipping.
Daimler AG announced that it has reached an agreement with employee representatives to trim its workforce by at least 10,000 workers.
With solid financial results under its belt in its first outing as a listed company, Port of Napier has won praise from equities analysts. “A text book start as a listed company,” analysts said.
Courier, domestic and international logistics company GD Express reported a slowdown in total comprehensive income in its latest quarterly results. The company generated increased revenues but increased costs too. Profits shrank.
Last-minute meeting in Washington likely will hash out changes to make NAFTA’s successor palatable to congressional Democrats.
Crude-tanker rates are staying lofty for a prolonged period, proving that the October spike was no “one off.”
Trucking Freight Futures quiet on Tuesday as the November spot contracts near expiration.
Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year loss in six years.
Outbound LAX Trucking Freight Futures remained weak on fundamentals after Monday’s trading session.
Potential strategy to increase efficiency in a down market
Gross revenue and margins are in the most difficult stage of the cycle right now.
Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.
Federal Minister of Agriculture suggests government would consider back-to-work legislation or binding arbitration for striking Teamsters members as disruption brings 37% in drop in Canadian National revenue ton-miles and worsening supply-chain conditions across the country.
Outbound LAX Trucking Freight Futures had a tough week on weak port data.
Darren Prokop writes about the need for a solution to repair and improve the nation’s highways and bridges. What are the options and is there the political will to develop a solution?
CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of CEVA Logistics.
This white paper examines ways to combat detention by looking at smarter detention management solutions to alleviate bottlenecks.
Trucking Freight Futures remained weak in the South and West on Thursday while the East strengthened.
Unsurprisingly, listed bulker owners insist fourth-quarter Capesize rate pressure will pass.
Trucking Freight Futures turn bearish on Wednesday as South and West lanes slip.
Americold Realty Trust continues to grow its temperature-controlled storage footprint through acquisition. The company looked north of the border for its latest deal.
Kayla Matthews writes about the changes coming to the shipping and logistics industry as IMO 2020 takes effect in less than six weeks.
In what appears to be a trend, another transport and logistics company has reported a weak overall year-to-date but with a steeper downward dive in the third quarter. Retail logistics specialist LBC Express revealed a small loss in the third quarter of the year against a background of rising revenues.
Lorenzo Shipping took drastic action to begin stemming its losses. But the emphasis is on “begin”. There’s still a long way to go, as Lorenzo is currently on track for a multi-million dollar loss
Los Angeles sparks a fire in the Trucking Freight Futures markets on Tuesday.
ZIM reported a $5 million profit in the third quarter of 2019, saying it benefited from its cooperation with Maersk and MSC.
Brian Aoaeh writes about changes in the energy/fuel mix over the next 30 years in developed and developing economies.
Target Corporation (NYSE: TGT) saw its stock surge after the retailer reported sales growth and traffic surges for both its physical stores and its digital offerings.
Lowe’s announces plans to make leadership changes and close 34 stores in Canada. The home improvement retailer increased earnings guidance for fiscal 2019.
Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.
Fortune has taken a decidedly downward trajectory for Indonesia-focused dry bulk ocean carrier Seroja, which saw a dramatic decrease in profitability in the third quarter of 2019. But that won’t worry the company – it has just agreed to sell its entire business for $32 million.
Trucking Freight Futures markets were quiet on Monday as traders focused on the South.
Tata Steel is suffering from declining steel demand in Europe, brought about by an economic slowdown and uncertainties revolving the U.K. general elections and Brexit.
The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary spending remains steady.
COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.
Third-party transportation and logistics provider MODE Transportation has acquired SunteckTTS for an undisclosed amount. The combined entity is expected to generate $2 billion in annual revenue.
Volatility began creeping back into the Freight Futures markets on Friday.
Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.
Australia’s unfinished trucking reform business; brake-maker converts creditors into shareholders; toll road operator in big debt reissue; controversial logistics software provider GetSwift fights on
Trucking Freight Futures continue to be bogged down in a directionless and low volatility cycle.
HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.
The events of the recently completed FreightWaves LIVE event will be “center stage” on this weekend’s edition of FreightWaves Radio. Tune in to this Saturday’s show from 3-5PM to hear […]
Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.
The former chief customer officer for YRC Worldwide will work with 8VC portfolio companies full-time.
Focus on profitability over market share bears fruit for Danish container shipping giant.
India’s largest commercial ports operator, Adani Ports, reported a substantial increase in its company and port-segment revenues. Company and port-segment profits have also markedly increased.
Lack of volatility on Wednesday keeps the Trucking Freight Futures markets generally flat.
USPS sees fiscal 2019 shipping volumes stagnate as it posts massive net loss for year
The world’s largest retailer, Walmart, reports quarterly results ahead of expectations and raises its earnings outlook for fiscal 2020.
New Jersey is the newest battleground for motor carriers that use owner-operators, as the state Senate takes up legislation aimed at limiting what workers can be considered independent contractors. On […]
Pan Ocean, a mixed-fleet ocean shipping carrier, reported a double-digit revenue decline but experienced a double digit surge in profits in the third quarter of 2019 when compared to the third quarter in 2018.
Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same period last year. But the […]
Trucking Freight Futures remain quiet on Tuesday as the markets look for fundamental drivers
It’s a largely good set of third-quarter results for the Philippines-based but globally operating container terminal operator ICTSI. “Strong financial performance,” says President and Chairman Enrique K. Razon. On a nine-month basis, the growth surge is pronounced.
Radiant Logistics posts a good quarter, but warns that peak shipping season isn’t shaping up heading into the holidays.
Trucking Freight Futures Markets were little changed with light holiday interest.
Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.
The broader issue for Carbo is the weak oil and gas market that has impacted the oil patch.
Deutsche Post posts decent third-quarter results despite weak global macro environment
Ocean shipping terminal operator Westports of Port Klang, Malaysia, has reported a surge in third quarter revenues and a jump in profit before tax. Analysts are… less than impressed.
Evergreen Marine said third quarter operating income was 11 percent higher than in the same 2018 period, but profit from continuing operations plunged.
Ten of eleven Trucking Freight Futures markets finish week of November 8th lower.
As truck-plus-rail becomes increasingly popular, shippers need to find sites where the modes meet.
Climate change, electric vehicles, alternative power, terrorism, and regional political conflict are significant risks to Saudi Aramco’s business, according to the company’s initial public offering prospectus.
Singapore stock exchange-listed ship lessor First Ship Lease reported essentially flat revenues for the third quarter of 2019, but it also announced a swing back into profit. A combination of higher revenues and cost cutting delivered the positive result.
Workhorse Group signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its loss of a year ago.
The National Trucking Freight Futures forward curve indicates a a narrow rate range through 2020.
In 2020, Matson expects to reap approximately $30 million in financial benefits from new vessels and other infrastructure investments.
Demand headwinds for agricultural and transportation equipment were the factors behind Cervus Equipment’s operating loss in the third quarter of 2019.
All may not necessarily be as it may first seem in the world of company earnings. Dry bulk, ocean container shipping and logistics company Sinotrans (HKEX: 598) may not have delivered a Halloween shocker even though its third quarter results were splattered in red ink all over its income statement. One long-short equities analyst was very bullish on the company’s stock despite the seemingly-poor results!
Americold posts decent-to-mixed third-quarter results
Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance at Austrian Airlines, Brussels Airlines […]
Seaspan Corp. says there are attractive opportunities to increase the size of its fleet.
Trucking Freight Futures pointing towards an uncertain to negative rate environment.
With profits around the corner, listed shipping companies are reopening the dividend spigots.
A United Nations report concludes U.S. consumers and Chinese exporters are the primary losers in the trade war. Taiwan, Mexico, Europe and Vietnam are net beneficiaries.
Third-quarter revenue fell for the shortline operator.
Market expert Michael Baudendistel writes about whether there is a rail recession, or are railroads paring operations and employees to fatten their bottom lines.
This is another in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large John Kingston discussed several key issues […]
Air Transport Services Group (NASDAQ: ATSG) reported a 219% increase in third-quarter operating profit of $105 million. The outsourced provider of air cargo services for Amazon.com’s Prime network and other […]
Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.
Global Ship Lease says it focuses on trade lanes responsible for 70% of global container trade and not the big East-West trades.
Trucking Freight Futures mostly unchanged on Tuesday in quiet trading session.
Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.
COSCO Shipping Energy Transportation (HKEX: 01138; SSE: 600026) has shrugged off U.S. sanctions on subsidiary companies to report a huge jump in revenues and a massive surge in profits.
Titanium Transportation Group sees weaker trends in the quarter, but manages to post a modest profit.
Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.
The October Logistics Managers’ Index hits record low, suggesting peak shipping season may disappoint.
The costs of operating a for-hire Class 8 truck rose 7.7% in 2018, the biggest jump since 2010. It is the highest per-mile cost since the American Transportation Research Institute began tracking the data in 2008.
Shipping liquified natural gas by rail is a controversial topic. Read what Jim Blaze thinks about the idea in his latest commentary.
Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.
Travel Centers of America reported stronger profits and sales for the third quarter as it added locations and sold more fuel at higher prices. Watch for International House of Pancakes restaurants to begin to replace TA’s Iron Skillet and Country Pride eateries.
North America has surpassed North Asia (China) as EXPD’s highest revenue region.
