First look: Union Pacific profit up 7% in fourth quarter
Union Pacific (NYSE: UNP) on Thursday said fourth-quarter profit increased 7% on improved grain and fertilizer shipments, and core pricing gains.Net income for ...
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AD Ports Group secures US$2 billion refinancing deal
AD Ports Group has successfully refinanced and expanded its existing Revolving Credit Facility (RCF) from US$1 billion to US$2.125 billion, available in both AE...
Morgan Stanley sells Höegh Evi stake
Norway’s Höegh Evi is getting a new shareholder. Morgan Stanley Investment Management has sold its 50% stake in Larus Holding, the owner of the floating rega...
Zim Q3 powered by spot market, new ships
Zim Integrated Shipping Services saw record volumes in the third quarter that contributed to revenue of $2.77 billion, up from $1.3 billion a year ago, and net ...
HMM profits soar in third quarter
HMM reported revenue of KRW 3,552 billion (US$2.5 billion), with a net profit of KRW 1,739 billion (US$1.25 billion) and an operating profit of KRW 1,461 billio...
US freight industry sees US$46 billion boom in e-shipments
Revenue from e-commerce shipments in the freight industry surged by 7% to US$706 billion. Tax specialists warn businesses of increased liability if not managed ...
AD Ports Group surpasses US$1.2 billion in record-high quarterly revenue
In the third quarter of 2024, AD Ports Group reported a total revenue of US$1.2 billion, marking a 10% year-over-year (YoY) increase.The record-high revenue was...
Demand and disruptions fuel CMA CGM Q3 gains
Container carrier CMA CGM saw overall revenue and profits soar in the third quarter on modestly higher demand for liner services along with disruptions to shipp...
SAAM records over US$420 million in revenue in 2024 so far
SAAM has achieved improved financial results in the first three quarters of the year, with revenue of US$427 million and EBITDA of US$137 million, translating t...
Lineage reports ‘strong’ Q3 in first quarter as public company
Cold storage warehouse operator Lineage Inc. reported financial results Wednesday for the first time since becoming a public company. The Novi, Michigan-based r...
“Weak momentum” in global trade affects DHL Group’s results
Germany-based transportation company DHL Group reported revenue of €20.6 billion in the third quarter of 2024, up 6.2% compared to the same period of the p...
ICTSI 9M2024 net income soars 31% to US$633 million
International Container Terminal Services, Inc. (ICTSI) announced its unaudited financial results for the first nine months of 2024, showing a 14% rise in reven...