DP World pledges infrastructure investment in India
DP World has pledged to invest an additional US$5 billion in India to strengthen its integrated supply chain network, which supports both exports and domestic t...
Finance News
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CPKC defies economic uncertainty with profit growth
Canadian Pacific Kansas City reported higher quarterly profits as volume and revenue both increased despite ongoing economic uncertainty and trade tensions in N...
First look: Norfolk Southern Q3 earnings
Norfolk Southern Corp. reported third quarter income of $1.1 billion on revenue that was 2% higher at $3.1 billion despite flat freight volumes.Diluted earnings...
First look: Ryder’s earnings eke out a gain, revenue stagnant
Ryder System managed to make more money than a year ago even after a revenue performance that was essentially flat from the third quarter of 2024.Total revenue ...
First look: Union Pacific 3Q earnings
Union Pacific Corp. (NYSE: UNP) on Thursday said third-quarter earnings were $1.79 billion on revenue of $6.24 billion.The Omaha, Nebraska-based company said pe...
Freight locomotive sales power Wabtec earnings
Wabtec on Wednesday reported stronger earnings as the equipment manufacturer’s revenue and profits grew in both its freight and transit segments.“We del...
KKR launches $500m container leasing venture
US investment giant KKR has launched a new container leasing and financing company with half a billion dollars in committed capital, marking its latest move int...
CSX earnings slump on charges, coal decline
CSX’s profits declined in the third quarter as intermodal growth could not offset an 11% decline in coal revenue.But the railroad’s key operating metrics al...
How geopolitical turmoil became a windfall for Panama Canal
The Panama Canal Authority announced Wednesday that revenues surged 14.4% to $5.7 billion in fiscal year 2025, capping a remarkable turnaround for a waterway th...
Panama Canal reports FY2025 revenue with surge in transits
The Panama Canal reported revenues rose approximately 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, according to Re...
Shell exec warns US offshore wind policy threatens oil and gas investment
Energy supermajor Shell has warned that the Trump administration’s recent actions against permitted offshore wind projects could have broader implications for...
Mercuria moves for capes
Swiss trader and charterer Mercuria is keeping up its investment spree, this time with fresh moves in the cape segment.Sources confirm to Splash that the compan...