Trade volatility hits Hapag-Lloyd profits
Hapag-Lloyd saw profits tumble as global trade uncertainty hurt container rates despite higher revenue.
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.