SEEKING ALPHA reports:
– CSX (NASDAQ:CSX): Q2 GAAP EPS of $0.65 in-line.
– Revenue of $2.26B (-26.1% Y/Y) misses by $40M.
– Operating ratio of 63.3% vs. consensus of 63.4%.
The earnings call presentation can be found here.
PRESS RELEASE…
Although now nearly a quarter of the world’s containership fleet by capacity is fitted with exhaust gas cleaning scrubber technology, new retrofit orders for the technology are “almost zero”, according to a leading manufacturer.
During a Q2 results presentation last …
A fire onboard an Ethiopian Airlines 777 freighter at Shanghai Pudong this morning has again triggered questions on the safety of lithium batteries and cargo mis-declaration.
As yet, there is no information on how the blaze began, but 100% cargo …
A technical recession with a third-quarter GDP drop of 2%, and lockdown restrictions passing the 100-day mark, have hit South Africa’s already pressured freight forwarding market
The sector is gripped by cross-border truck congestion, increasing cargo hijacks, riots and protests, …
MSC has become the latest shipping line to revamp its intra-Asia service offering amid strengthening China-Asean trade.
From this week, MSC has updated four existing intra-Asia services and is launching a new South-east Asia loop named Seahorse, which links Tanjung …
An Ethiopian Airlines 777 freighter caught fire yesterday at Shanghai Pudong Airport while loading cargo. The fire was thought to have started in the main deck, and spread through the fuselage of the five-year old aircraft. No one was hurt, …
Outsourcing functions such as information technology, accounts payable and receivable is virtually expected everywhere in today’s highly competitive business environment. But what of supply chain and logistics activities? Can a third party deliver the same “value” as a specialist, in-house …
