OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.
GDP growth slowed to a 2.1 percent pace in the second quarter, as strengthening consumer spending was offset by weakness elsewhere
Indiana-based Steel Dynamics Inc. announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new […]
CEO Alain Bedard lauds “magic” of its American trucking business ability to shore up efficiency in challenging freight environment.
A softening freight market took a toll on Universal Logistics Holdings Inc. (NASDAQ: ULH), an asset-light provider of customized transportation and logistics solutions. The company reported second quarter 2019 net […]
Amazon’s q2 shipping costs soar as costs of one-day delivery launch exceed estimates
Denser shipments and higher prices combined for a 6.9 percent improvement in revenue per LTL shipment.
Werner’s second quarter was $0.01 light of consensus and the company lowered its pricing forecast for the rest of 2019.
Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.
Canadian transportation firm reports a 13 percent increase in net income, helped in part by improved performance from its U.S. truckload businesses.
Company’s best-in-class model will be tested as LTL conditions remain soft
BorgWarner sales and income declined in the second quarter but revised downward guidance for the rest of the year hammered shares.
Southwest Airlines posted second quarter adjusted earnings of 70 cents per share, beating Wall Street estimates of 61 cents per share. The small profits for Dallas-based Southwest Airlines came despite […]
Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.
The quarterly results of Costamare reveal continued rise in container-ship charter rates.
Kirby Corporation (NYSE: KEX) reported second quarter results that met consensus estimates, despite the ongoing problems for barging operations in the U.S. Midwest. But the company did lower its earnings […]
Near-shoring staff in Colombia has become a big trend for U.S. transport and logistics companies.
Old Dominion posts record q2 results as cost management offsets weak demand
Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be […]
After years on the transport mat, next day air flies off as UPS volume surges
Canadian transportation and oil services firm ready to make additional acquisitions to boost growth after strong second quarter results.
Landstar missed the bottom-end of its guidance range as expected. The company sees weakness in truckload fundamentals continuing through the third quarter.
Despite falling short, the electric automaker reaffirmed its full-year delivery guidance, saying it still expects to deliver 360,000 to 400,000 vehicles in 2019.
Total company revenue for Trinity Industries (NYSE: TRN) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group.
Covenant released earnings results in-line with its previously lowered expectations as it seeks “predictability” in its operations for the remainder of 2019.
ECHO faced a tough quarter with soft spot volumes and unexpected tightness in June.
Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.
Report asserts industry needs to hire 1.1 million new drivers over the next decade.
Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the […]
SunteckTTS, a top 10 brokerage, is reportedly looking for a 10x EBITDA multiple.
Boris Johnson will become the Prime Minister of the U.K. today, and will be assuming responsibility for the nature of the U.K.’s exit from the European Union.
Boeing (NYSE: BA) posted a core loss per share of $5.82 for the second quarter of 2019.
There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are “cautiously optimistic” about volumes and how the company might perform in the second half of the year.
Truck sales and profits were a bright spot in an overall dismal second quarter for Daimler AG, parent of Mercedes-Benz Cars and Daimler Trucks.
Norfolk Southern’s (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit […]
U.S. next day air volumes set the pace for UPS’ second-quarter results
Stock market analysts are not excited by the initial public offering (IPO) of the container- and forestry-products focused Port of Napier on New Zealand’s east coast.
Manhattan Associates stock pops on an earnings beat and a guidance raise. Management brushed back concerns around tariffs, Brexit and other potential geo-political concerns as potential risks to its new targets.
Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs.
PACCAR Inc. added to a string of beating analyst revenue estimates in the second quarter but fell 3 cents short on earnings per share consensus. PACCAR set records across the board in the period ending June 30.
Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a “tough ride in a tough […]
Jim Blaze writes about the pros and cons of shippers owning or leasing their own freight railcars to move their products.
Ecommerce continues to grow and Amazon and its competitors continue to innovate and grow. Read insight into the phenomenon by Anothy Smith.
Chicago to Atlanta should jump in September, LA to Dallas peaks in November, and Seattle to LA hits a high in December.
BRP Inc. recently expanded the capacity at two of its production facilities in Mexico, where it builds its powersport and personal watercraft vehicles. The Quebec-based company’s increased production comes at […]
Rates for mid-sized bulkers including Kamsarmaxes and Ultramaxes are following Capesizes’ lead.
Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.
As many as 50,000 angry farmers throughout Mexico blocked highways and an international bridge along the Texas-Mexico border on July 17 in protest of the government of President Andres Manuel […]
Are predictions of ever-rising U.S. demand whistling past a possible debt crisis?
While investing in the North American railcar market is risky right now because the market is so uncertain, Europe and India are among the places where there are “attractive’ opportunities to invest in railcars, officials with railcar lessor GATX said on the company’s second quarter earnings call on July 17.
Capacity has returned to freight markets and spot rates are falling against “contract.”
The railroad said second quarter revenue totaled $714 million, a 5 percent increase from $682 million for the same period in 2018.
The data on truck company failures is pointing to a rocky period for shutdowns, and the prospect of higher diesel prices isn’t going to help. That’s the message of Seth […]
After decades of planning and discussion, freight traffic could finally have an alternative highway loop around Dallas that saves them from bottlenecks along Interstate 35. The Loop 9 project will […]
Declaring an undervalue on imported watercraft has triggered demands for millions of dollars in duty from the authorities. Experts say customs authorities will, in future, only become more efficient… and aggressive.
“You’ve heard me say this many, many times – we’re not going to use the lack of volume as an excuse not to make aggressive achievements on our productivity,” Union Pacific chief financial officer Rob Knight said.
The clean balance sheet and deteriorating fundamentals in the TL space that could force some carriers to look for the exit begs the question, ‘will we see Heartland become acquisitive again?’
The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018
Volvo Group posted record second-quarter sales and earnings but warned that production cuts are likely in the second half as a huge backlog of heavy-duty truck orders from 2018 shrinks in size. (Image: Volvo)
Investor speculation that VW’s Traton SE would complete an acquisition of Navistar International took a hit along with the share price July 17 when the head of Traton said he was satisfied with the present 16.8 percent of the Illinois company’s shares.
Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.
Union Pacific set an all-time record for its operating ratio in the second quarter despite lower freight volumes and a decline in freight revenue.
A five percent drop in licenses contributed to a modest disappointment, but management is excited about Qualtrics.
This is the fourth consecutive quarter IBM has reported falling revenues.
The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.
Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019. The majority of those vehicles – 1.37 million – were shipped north across the […]
Trailer orders hit their lowest level in nearly a decade in June, mirroring the slowdown in new truck orders after record performances for both in 2018.
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.
“The present economic backdrop is one of the most puzzling I have experienced in my career..”
An exclusive interview with John Kartsonas, the developer of the BDRY exchange-traded fund that tracks bulker rates.
Despite a drop in profit in the second quarter, CSX’s (NYSE: CSX) operating ratio set a company record.
Canadian Pacific’s (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service.
Economic data from the goods side of the economy continued to trend in a positive direction in June, as both retail sales and industrial production posted solid gains.
The trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure. Preliminary used Class […]
Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.
Canadian Pacific’s (NYSE: CP) second quarter net income rose 66 percent amid a 13 percent increase in company revenue, the railroad reported on July 15. CP’s financials are reported in Canadian dollars, except for earnings per share.
Jordan Alliger rated UPS, FedEx, and J.B. Hunt ‘Buy’; XPO and C.H. Robinson ‘Neutral’; and Expeditors ‘Sell.’
P.A.M. Transportation Services reported “best second quarter operating income on record”, but signaled future margins may be challenged.
Jim Blaze writes about earnings season for the railroads, and what investors, customers and employees should be looking and asking for in the railroads’ quarterly earnings reports.
Donald Broughton’s third article about the impact of the gross domestic product and how it can be useful for business intelligence and forecasting is a must-read.
Laredo Mayor Pete Saenz recently highlighted plans to remodel and expand the World Trade International Bridge, speeding up wait times for the 12,000 trucks crossing the Texas-Mexico border every day. […]
The U.K. is on the threshold of becoming independent from the EU, but it does not seem to have answers to the trade and logistics nightmare that would follow post-Brexit.
Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
The trucking apocalypse is upon us, and it has taken its latest victim. This time, it’s a 40-year-old carrier out of California. Timmerman Starlite Trucking Inc. of Ceres, California, announced […]
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
Producer price data shows that trucking rates made some gains in June, but much of this was likely driven by seasonality
United States and Mexican avocado growers and importers recently broke ground on a partnership facility called “Casa APEAM” in Uruapan, Mexico. The new $12 million facility will be a venture […]
Daimler provides lower financial guidance for the second time in less than a month.
Premiers seek to improve the flow of goods among provinces, but stop short of pushing for major leaps during annual summit.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
Texas Gov. Greg Abott recently signed a bill aiming to speed up the inspection process for trucks carrying fresh produce across ports-of-entries along the Texas-Mexico border. Texas House Bill 2155, […]
Although volumes are down across modes, rails don’t need top-line growth to improve cash flows.
Every installed scrubber will be one less ship competing with existing buyers of diesel in the post-IMO2020 world.
A week after several international border bridges between the United States and Mexico had to be closed because of the migration crisis, U.S. officials announced migrant border arrests fell 28 […]
Drivers of 18-wheelers, tractor-trailers, delivery trucks, freight trucks and tanker trucks hauled more than $671 billion in goods across the United States-Mexico border in 2018. However, there are around 50,000 […]
Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.
Latest U.S. trade data for air cargo reveals a lot of noteworthy developments to watch going forward
Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.
The November 2019 contract is being bid at $2.01/mile and falling.
As one of the fastest growing economies in the world, India has its fair share of trouble reducing its overall spend in logistics. Looking at improving infrastructure and creating multimodal hubs can help.
