COSCO’s southeast Asia logistics arm reports near 46% fall in profit
It was a rough third quarter for COSCO Shipping International (Singapore) (SGX: COSCO SHP SG) or CSIS, a logistics focused arm of COSCO, which is...
Category : Transportation
FedEx (FDX) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, FedEx (FDX) closed at $157.55, marking a -0.49% move from the previous day. This move lagged the S&P 500’s daily...
New hope for troubled Chile that it can save $4.6bn salmon export market
Fires burn over Santiago on October 28 2019 © Francisco Javier Ramos Rosellon By Alex Lennane 18/11/2019 Chile hopes to see its salmon exports begin...
Freight Futures daily curve: 11/18
Image: Jim Allen/FreightWaves Freight Futures data to watch today: W/W Change in Spot Futures Settlement Prices After a relatively quiet first four trading days of the...
DHL opens mega parcel center
Deutsche Post DHL Group (STOCK.DPSGY) has opened a new mega parcel center in Germany as it continues to strengthen its parcel network in Europe. When...
Transport concerns adapt to lower freight volumes in “challenging” freight environment
YRC Worldwide CEO Darren Hawkins calls 2019 “a challenging trade environment,” and that’s putting it mildly. The combination of a slumping U.S. manufacturing economy, a...
FedEx CEO challenges the New York Times to debate tax policy
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All...
Ladingo’s machine learning platform makes shipping large items affordable for small retailers
Global seaboard container trade was valued at $12 trillion dollars in 2017, with the quantity of goods carried by containers rising precipitously from 102 metric...
Baltic index touches 4-1/2 month low on sluggish vessel demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a more than four-and-a-half month low on...
DHL to upgrade facility at Hamilton Airport in Canada
German logistics company DHL has unveiled plans to expand its existing facility at John C Munro Hamilton International Airport in Canada. DHL will invest C$100m...