Global Crossing Airlines has parked two Airbus freighter aircraft because business has dried up.
Kuehne+Nagel is a bell weather for the logistics sector, which faces more uncertainty with the Middle East conflict underway. The company says it plans to cut 2,000 workers.
New Berkshire Hathaway CEO Greg Abel said that BNSF Railway must reduce its operating-ratio gap with other Class I railroads.
Canada-based Cargojet is compensating for the loss of a major Chinese e-commerce shipper by concentrating on new business opportunities closer to home.
U.S. ocean line Matson said its terminal joint venture shored up fourth quarter results as container volumes fell on weaker China traffic.
The U.S. Postal Service saw quarterly adjusted operating income tumble by nearly two-thirds as parcel volume fell by double digits and revenue contracted during the peak shipping season.
Overcapacity and global trade headwinds sent Maersk to a Q4 pre-tax loss on container volumes that improved by 8%.
Canadian National saw fourth-quarter revenue and profits climb on improved efficiency and higher freight volumes.
Canadian Pacific Kansas City saw quarterly profits increase despite economic and geopolitical headwinds.
A competing rail alliance drew off Norfolk Southern intermodal volumes in the fourth quarter, leaving freight volumes downward.
Norfolk Southern revenue, earnings fell in the fourth quarter on weaker freight volumes.
Canadian Pacific Kansas City said fourth quarter earnings fell on narrow revenue gains but highlighted record operational metrics.
UPS is continuing to cut down Amazon volumes and consolidate package sorting centers in a bid to improve efficiency and shipment yields.
Union Pacific today reported record financial and operational results for 2025 despite a drop in fourth-quarter operating income.
Pricing improved despite lower carload freight for UP, which is planning to merge with Norfolk Southern.
Fourth-quarter profits at CSX were negatively affected by continued freight weakness, which the railroad anticipates will persist.
CSX said severance expenses, lower merchandise freight and coal offset higher freight rates as earnings fell short of estimates for the fourth quarter.
Both airlines’ price targets were raised to $20/share.
FedEx expects to eat $175 million in extra costs to replace capacity caused by the temporary grounding of MD-11 aircraft, but that’s a blip for a company that just reported a $1.6 billion operating income and a 19% gain in adjusted earnings per share.
After the U.S. Postal Service deemphasized last-mile delivery service for parcel consolidators, the new chief now says workshare partnerships are a path to revenue growth.
Hapag-Lloyd saw profits tumble as global trade uncertainty hurt container rates despite higher revenue.
Maersk adjusted a portion of its guidance upward for 2025 earnings after a quarter that saw higher volumes but lower profits.
Matson saw its shares gain as a positive outlook for China-related shipping outweighed weaker financial results in the third quarter.
Ocean Network Express said earnings fell in the recent quarter on weaker revenue per container, and revised its forecast lower for 2025.
Florida East Coast Railway helped owner Grupo Mexico’s transportation division increase third-quarter operating income on higher revenue despite flat freight volumes.
BNSF Railway revenue and profits saw sequential gains for the third quarter and nine months.
Canadian Pacific Kansas City profits increased in the third quarter on higher freight volume and revenue despite economic uncertainty and trade tensions.
Norfolk Southern Corp. said third quarter income fell on revenue that was slightly higher than the 2024 period.
Union Pacific’s Q3 profits rose on improved pricing, record workforce productivity and fuel consumption.
Union Pacific third quarter profit beat estimates despite costs related to its proposed merger with Norfolk Southern.
CSX third quarter were dragged down by declining coal shipments that outweighed higher intermodal traffic.
CSX reported third quarter adjusted net earnings of $818 million, or $0.44 per share, beating forecasts of $0.42 for the eastern railroad operator.
The U.S. cancellation of duty-free treatment for de minimis packages cut FedEx income by $150 million and forced the airline unit to reduce flights.
Canada Post’s financial troubles worsened in the second quarter driven by a drop in parcel volumes amid a labor dispute.
Dubai’s DP World enjoyed revenue and profit gains in the first half of the year as global container volume overcame political and logistical hurdles.
ZIM Integrated Shipping Services Ltd. saw earnings sag as President Trump’s trade war on China hit trans-Pacific container volumes.
The U.S. Postal Service is on track to lose nearly $7 billion in the current fiscal year as inflation made it difficult to hold the line on costs in the third quarter.
Freightcar America said orders for new railcars improved in the second quarter following market uncertainties earlier in the year.
DHL said the U.S. crackdown on tariff-free trade for cheap overseas packages is impacting volumes and its bottom line.
Matson said earnings were weaker as trade and tariff volatility hit volumes on China routes.
BNSF saw earnings improve in the second quarter and first half of this year as lower costs outweighed weaker revenue per car.
Intermodal, coal, and grain helped Canadian Pacific Kansas City to improved profits in the second quarter.
Norfolk Southern, which announced an historic merger with Union Pacific, said earnings rose 5% in Q2 as volume grew by 3%.
Union Pacific saw record results in the fourth quarter as coal shipments led gains across business segments.
Union Pacific reported higher profits on improved freight volumes and a one-time tax gain.
Profits at CSX fell in the second quarter as weaker merchandise traffic outweighed improvement in intermodal volumes.
CSX said weaker coal, merchandise traffic hit second quarter profit despite higher pricing and intermodal volume.
Tariff and trade uncertainty led CN to cut its outlook for the full year even as lower costs helped improve income amid declining revenues.
Canadian rail carrier CN said cost controls helped boost operating income as tariff and other economic factors muted revenues.
FedEx said its newly streamlined air cargo network helped it adjust to tariff-induced demand fluctuations and make a profit during its latest quarter.
The postal workers union is disparaging what Canada Post called an enhanced offer on Wednesday as the sides struggle to finalize a labor agreement after nearly 18 months of negotiations.
Tough times at Werner have led the company to temporarily suspend the 401(k) match for employees.
Zim Integrated Shipping Services Ltd. said better volumes and freight rates boosted profit in the first quarter.
Rebuilding after hurricane damage and rerouting around a Baltimore tunnel project cost CSX a million dollars a day in lost revenue in the first quarter, a company executive told an investor conference.
Railcar builder FreightCar America said net income was $50.4 million on revenue of $96.3 million in the first quarter.
Volumes by carload at Grupo Mexico’s transportation division fell 6.1% in the first quarter, including declines of 21% in automotive traffic and 20% in minerals traffic.
Pricing gains and volume growth spurred BNSF Railway to modestly higher first-quarter profits.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
DHL Group is trimming some airline partners to reduce excess capacity in its air network as part of an effort to maintain growth in a turbulent market.
Canadian National saw 8% earnings growth and had an improved operating ratio in the first quarter.
CN said cost control and disciplined operations helped it to better revenue and profits in the first quarter.
CPKC CEO Keith Creel says the railroad, which reported higher revenue and profits for the first quarter, is “off to a strong start” for the year.
Falling fuel surcharge revenue offset record freight revenue for Class I railroad Union Pacific in the first quarter.
Union Pacific said first-quarter earnings were flat as the railroad’s volume gains were offset by the mix of freight on its network.
Growth in its freight and transit business segments powered higher first-quarter revenue and earnings at rail technology company Wabtec.
Flat revenue and a “vicious winter” didn’t keep Norfolk Southern from posting improved first-quarter profits.
Norfolk Southern shook off severe winter weather in the first three months of the year to post improved operating income in the first quarter.
Congestion hurt volumes and revenue in CSX’s first quarter.
Despite processing over 3 million tasks with generative AI, C.H. Robinson’s stock continues to face pressure amid a sluggish freight market and investor caution.
FedEx reported higher revenue and operating income in the third quarter than last year but says shipping business could slow this quarter because of weakness and uncertainty in manufacturing.
BNSF’s saw fourth quarter revenue decline primarily due to a 6.6% drop in average revenue per carload.
Railcar builder Trinity Industries saw fourth-quarter profit decline on lower deliveries despite improved lease rates.
In this edition: Quarterly earnings echo the pain everyone feels, and metal tariffs hit.
CPKC delivers on 2024 guidance of double-digit earnings growth, despite economic uncertainties and tariff threats.
Declines in coal and fuel surcharge revenue hit CSX profits in the fourth quarter.
Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.
BNSF Railway’s profits, revenue and volume all increased for the third quarter, thanks to surging intermodal and agricultural shipments.
The strong air cargo market acted as a tailwind for Air Canada in the third quarter.
Lufthansa’s cargo division recorded modest profit growth in the third quarter and this week launched a trans-Pacific freighter service.
UPS’s financial performance bounced back in the third quarter, but it flagged macroeconomic weakness and in-store shopping as potential headwinds for fourth-quarter volumes.
CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.
CSX faces more than $200 million in reconstruction costs as a result of Hurricanes Helene and Milton, and the income impacts of the storms will be felt in both the third and fourth quarters.
A challenging parcel environment led to disappointing first-quarter results for FedEx.
Cargojet’s domestic and international flying business posted solid gains in the second quarter thanks to e-commerce demand in Canada.
Amazon logistics partner Air Transport Services Group expects better revenue and profits the rest of this year after a difficult second quarter.
Parcel logistics giant DHL is banking on a strong peak shipping season to bring up results for 2024.
Large passenger airlines recorded solid growth in cargo revenue during the second quarter after more than a year of contraction.
TFI International reported solid financial performance in the second quarter of 2024.
The recovery of the air and ocean logistics market since the start of the year helped improve second-quarter results at Kuehne+Nagel and DSV.
UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs.
FedEx is cutting nearly 20% of its Boeing 757 cargo jets because of soft demand and efforts to modernize the fleet.
Air Canada said Thursday it changed its mind about investing in two widebody freighters and will rely on its growing passenger fleet to increase cargo capacity.
Lufthansa’s freighter division faced external headwinds and rising costs that impaired its growth during the first quarter.
Geopolitics and internal operating challenges prevented Air France-KLM from generating more cargo revenue during the first quarter, when the freight economy improved.
Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this year despite lingering concerns about inflation. Cargojet (TSX: CJT) reported Tuesday that revenue of US$169 million was nearly flat year over year, while adjusted earnings […]
UPS is working to transition U.S. Postal Service business from incumbent air cargo supplier FedEx and hire more pilots before the current contract officially ends.
United Airlines nearly closed the year-over-year gap in cargo revenue during the first quarter as the air logistics sector shakes off a lengthy slump.
The air cargo market’s upturn helped Delta Air Lines in the first quarter, but revenues were still lower than in 2022.
Lufthansa Cargo saw a big drop in profitability last year because of difficult market conditions.
Kuehne+Nagel is the largest logistics company in the world, but it wasn’t immune to downward market forces in 2023.
