How ZIM, a smaller ocean carrier, is blowing away the big boys
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
Canadian trucking and logistics firm Titanium Transportation Group reported record first-quarter revenue as its U.S. brokerage business and newly expanded trucking fleet fired up the growth engine.
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
Third-party logistics provider Radiant Logistics handily beat quarterly expectations Monday. Management has returned its focus to share buybacks and M&A.
Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.
Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
Flatbed truckload provider Daseke reported first-quarter adjusted earnings better than expected. However, with a more than 5x run-up in share price over the past year, a decent quarterly report without a guidance raise sent the stock lower on Friday.
Cold storage facility operator Americold said food manufacturers are “failing to meet the needs of retailers” as COVID-related production shutdowns have drawn down food stocks. The impacts from lower inventories and throughput were seen in the company’s first-quarter report.
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
Less-than-truckload carrier Yellow Corp. reported a sizable first-quarter loss Wednesday as weather, increased purchased transportation expense and a lack of gains on real estate sales weighed on the period.
First-quarter revenue results were aligned with FLEETCOR’s expectations, but at $609 million, they fell 8% short of first-quarter 2020 results.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Engine maker Cummins absorbed $105 million in freight costs to get microchips needed for engines during the trucking boom.
ArcBest points to the current “robust demand” environment as supportive of raising equipment spending in 2022.
Logistics provider ArcBest Corp. posted first-quarter results well ahead of analysts’ expectations Tuesday.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.
Forward Air provided some clarity on longer-term margin expectations during a Friday conference call with analysts. The company beat first-quarter expectations and its new guidance came in much better than expected.
Forward Air reported first-quarter earnings results and issued second-quarter guidance that were both ahead of expectations.
Provider of fuel payment processing for fleets reported 5% revenue decline in first quarter