RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.
Less-than-truckload tonnage declined at an accelerated pace through November.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
The BMO transportation group’s quarterly results represent a key indicator of trucking industry economic health, but there has been no significant downturn yet.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
Expeditors’ stock is too high priced, Wells Fargo says, as it cuts its rating to a level tantamount to “sell.”
Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
