GlobalX Airlines shelves 2 Airbus cargo aircraft amid thin demand
Global Crossing Airlines has parked two Airbus freighter aircraft because business has dried up.
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.