Layoffs Now Effect the Shipping Industry
While we’ve seen layoffs in the tech industry skyrocket over the past few months, we’re now observing them in the shipping industry – in the middle of Peak Season. The…
US Container Freight Is Shrinking
Container freight volumes at the largest U.S. ports were down 3.8% in September compared with the same month a year earlier, confirming the slackening of merchandise trade and downturn in…
Ports Clogged With Containers As World Trade Stumbles
The latest Bloomberg Trade Tracker reveals an ominous outlook for world trade due to soaring interest rates, the war in Ukraine, a slowdown in the US economy, and zero Covid…
Buying High-Quality Dividends With Canadian National
Summary The financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction It’s been a while since I wrote a dividend-focused article. It’s also been a while…
FedEx Parks Planes, Maersk Cancels Sails: World Trade Appears To Be Rapidly Deteriorating
Economic storm clouds are gathering worldwide as some of the largest shipping companies warn about sliding global trade. US shipper FedEx and Danish shipping giant A.P. Moller-Maersk A/S have been…
Marine Transportation Stocks Have Avoided Treacherous Waters In 2022: Check Out 3 Smaller Players With High-Yield Dividends
KEY POINTS Many marine shipping companies have been reporting a solid year earnings-wise. ZIM Integrated Shipping Services Ltd. ZIM saw its operating income in the second quarter increase by 52% year-over-year to…
It’s Still Too Soon To Buy Credit Card, Housing, and Transportation Stocks
The Federal Reserve’s GDP-busting rate hikes create headwinds for companies issuing credit cards, selling homes or housing-related goods or services, and transporting goods nationwide. The Federal Reserve suggested in its…
Rail Roundup: CN, Watco share achievements; rail, intermodal volumes in flux
CN has banner month for grain, while Watco completes $6.7 million expansion October record month for hauling western Canadian grain October was the “single best month ever” for western Canadian…
Shipping giant Maersk warns of ‘dark clouds on the horizon’
With a mixed bag of economic data only getting more muddled, investors are looking to more specific indicators to assess the health of the overall economy. A.P. Moeller-Maersk (OTCPK:AMKBY), one…
Norfolk Southern upgraded, Union Pacific downgraded in RBC rails review
RBC Capital Markets analyst Walter Spracklin cut his rating on Union Pacific (NYSE:UNP) to a Sell-equivalent while removing such a bearish rating on Norfolk Southern (NYSE:NSC). In a note to…