Finance
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Hopes for shipping M&A face reality check
M&A is being blocked by weak share pricing among buyers and lack of desperation among sellers.
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Freighters to the rescue: Korean Air posts Q2 profit
Korean Air is a unicorn among passenger airlines. It made a profit in the second quarter, a remarkable feat given the depressed state of the…
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Cold storage sees choppy Q2; Americold says business ‘stable’
Cold storage facility operator Americold Realty Trust’s second quarter was slightly below expectations on choppy demand and increased COVID costs.
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Uber Freight sees jump in Q2 revenue; parent company turns in weak performance
Freight segment’s EBITDA improved slightly but still in the red
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Airbus orders in 2020 cut in half by COVID-19
Airlines are saving every penny possible and with so few people traveling they don’t need more airplanes. That’s hurting sales at Airbus and Boeing.
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How are tankers coping with floating-storage hangover?
Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.
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Daseke shares up 20%; restructuring progress seen in Q2 report
Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.
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Atlas Air capitalizes on transport shortages for big Q2 profit gain
Atlas Air Worldwide’s big cargo planes have been in flying full tilt since the novel coronavirus metastasized in March. Combine that with high rates and…
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Daseke restructuring shows in Q2 result
Flatbed carrier Daseke’s turnaround starting to show fruits. Stock pops more than 15% on better-than-expected second quarter.
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Trimble’s transportation segment reports 24% revenue decline
Sunnyvale, Calif.-based Trimble is a provider of technology solutions for trucking companies, private fleets, freight brokerage, and third-party logistics providers.
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