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…
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…
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…
United Parcel Service: Solid Q3 Report, But Freight Headwinds May Grow Dramatically In 2023
Summary United Parcel Service reported a mixed Q3 report, generally taken well by investors. The company expects its profit margins and sales to remain elevated over the coming quarters despite…
Union Pacific: Not A Buy Despite Recent Correction
Summary Union Pacific stock has corrected after good Q3 22 results as guidance disappointed. UNP stock’s valuations are cheap, but I see trouble ahead. I am on the sidelines for…
Container Imports To Los Angeles And Long Beach Are Plummeting
September is usually a strong month for West Coast imports as U.S. companies bring in their year-end holiday goods. Not so in 2022. On Wednesday, the Port of Los Angeles…
CSX Q3 Profit Up 15% as Railroad Hauls 2% More Freight
CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months. The…
Union Pacific shares slip as efficiency issues persist
Union Pacific (NYSE:UNP) notched an earnings beat for the third quarter, but forecast continued efficiency issues into year-end on Thursday. The railroad operator reported $3.19 in adjusted earnings per share alongside…