Borderlands Mexico: US trade with Canada, Mexico hit $134B in January
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US trade with Canada, Mexico hi...
Finance News
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DP World sees record revenue, but profit slips
Container terminal operator DP World saw record revenue in 2024, but overall profit weakened amid higher finance costs and a challenging global economic environ...
OOCL posts solid revenue and profit growth
Orient Overseas (International) Limited, owner of Orient Overseas Container Line (OOCL), has reported strong financial results for the full year 2024, with a to...
DP World reports improved financial results for 2024
DP World Limited recorded revenue of US$20 billion in 2024, marking a 10% growth compared with the previous year, while adjusted EBITDA rose by 7% to US$5.5 bil...
Yang Ming records US$2 billion in annual net profit
Taiwan’s major ocean carrier Yang Ming Ming reported consolidated revenues of US$6.94 billion and a net profit after tax of US$2 billion, resulting in earning...
Gebrüder Weiss nears US$3 billion in annual revenue
Gebrüder Weiss, an international transport and logistics company, closed its 2024 fiscal year with net revenues of approximately US$3 billion, reflecting a 10%...
ICTSI boosts annual revenues and earnings
Global port and terminal operator International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for 2024, posting reve...
Trinity Q4 results fall on lower railcar deliveries
Trinity Industries saw revenue and profit fall in the fourth quarter on fewer deliveries of new railcars and said U.S. tariffs are expected to cut industry deli...
HMM launches due diligence for SK Shipping acquisition
South Korea’s major shipping company HMM is exploring the acquisition of SK Shipping, excluding its liquefied natural gas (LNG) transportation division, in a ...
For Nikola, the writing was on the wall
On Wednesday, Nikola Corp. — once a darling of the electric vehicle industry — filed for Chapter 11 bankruptcy protection.This move signaled the cul...
Strong quarter for Expeditors as disruptions and uncertainty led to a volume increase
Expeditors International had a strong fourth quarter across the board, with both revenue and profits beating analyst estimates.Revenue of $2.95 billion was up 3...
HMM earnings and profits rise in 2024
South Korean major ocean carrier HMM has reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net...