Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.
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.
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.
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.
Third-quarter revenue fell for the shortline operator.
Lower operating expenses helped to increase profits.
The rail equipment manufacturer said it delivered record railcar deliveries in the quarter.
Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.
The railway also earned record third-quarter revenue.
Further operational efficiencies will push the railroad to its target, the company said.
Despite lowering its operating ratio, the railroad tempers its 2019 outlook.
Company eyes cross-border volume growth and efficiency improvements.
The eastern U.S. railroad declined to share its expectations for 2020 but said it would be prepared should rail volumes rebound.
With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail’s bottom line?
