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…
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…
XPO Logistics points to strong trends ahead of business split
XPO Logistics (NYSE:XPO) reported a 3% increase in revenue for Q3 when the impact of selling the intermodal business is backed out. Adjusted net income from continuing operations increased to $168M…
Saia says demand lost momentum as Q3 advanced
Analyst sees $200M profit lever from service enhancements Less-than-truckload carrier Saia said demand weakened as the third quarter progressed. The company reported earnings per share of $3.67 Monday before the…
Will Ryanair Stock Gains, Strong Estimates Help it Fly?
Key Points Ireland’s Ryanair posted impressive price gains in October and may be climbing out of a base. Ryanair’s CEO forecasts a strong rebound in travel. Other airlines provided strong…