Wartime economy: Maersk lifts full-year guidance on strong demand
Maersk raises its 2026 FY guidance, citing strong container demand in the Far East and higher spot rates.
Maersk raises its 2026 FY guidance, citing strong container demand in the Far East and higher spot rates.
FedEx Freight expects profit margin to grow by more than 9% in the back half of the year, up more than a point from last year’s growth.
FedEx reported strong quarterly results, driven by growth in package volumes and yields as the company focuses on high-margin logistics business.
Canada Post is turning its attention to pricing and operational reforms aimed at restoring financial stability after unionized letter carriers ratified a new contract.
CMA CGM sees precipitous decline in Q1 core earnings as higher volumes failed to boost weak ocean rates.
Ahead of a takeover by Hapag-Lloyd, Zim earnings were hit by a softer freight rate environment and weaker demand.
Evergreen Marine Corp. saw first-quarter profit tumble 70% as higher container volumes were dragged by weaker shipping rates.
Maersk said first-quarter profits fell as weaker rates undercut increased volumes in the ocean container business.
BNSF Railway saw first-quarter profits strengthen on higher freight volume and more efficient operations.
DHL Express led DHL Group to a profitable first quarter as the integrated logistics provider navigated through Middle East supply chain disruptions.
Canadian National said profits declined even as total freight moving across its network improved.
UPS announced that it will eliminate a total of 51 parcel distribution centers this year as part of a network downsizing effort, as it reported lower profits that still topped consensus forecasts by analysts.
Wabtec reported a rise in first-quarter earnings, fueled by robust sales growth in both its freight and transit divisions compared to the previous year.
Union Pacific delivered record operating income and revenue despite weaker international intermodal and automotive shipments that hurt overall freight volumes.
Norfolk Southern said first-quarter earnings were slightly lower as winter weather woes and higher fuel prices hurt freight volumes.
Union Pacific reported first quarter income improved from a year ago as improved pricing and higher fuel surcharge revenue offset a narrow decline in carload freight.
Hong Kong-based Orient Overseas Container Line saw Q1 profits decline on weaker rates despite higher container volumes.
Hapag-Lloyd said 2025 profits fell sharply and warned of a challenging year for shipping on higher costs and ongoing geopolitical risks.
FedEx delivered strong third-quarter results, buoyed by volume and yield growth and structural cost savings.
Universal Logistics reported sharply lower Q4 revenue and earnings as freight demand softened and losses in intermodal dragged on overall results.