Cathay Pacific has issued a profit warning – in anticipation of a “substantial loss” for the first half of 2020 – of about HK$9.9bn (US$1.27bn).
The carrier says it includes impairment charges of HK$2.4bn related to 16 aircraft, which are …

JB Hunt saw second-quarter net earnings fall 9%, to $121.7m, on the back of operating revenue of $2.15bn, down 5% – but it beat expectations.
Business unit-wise, the group saw a 2% volume decline in Intermodal, an 11% fall in …

Flexport claims it has won business during the tariff war and Covid-19 crisis by making better use of data than larger rivals.
“We like to say there’s opportunity in chaos,” said Sanne Manders, the forwarder’s chief operating officer, “because when …

BLOOMBERG reports:
SoftBank Group Corp. quietly sold an additional $2.2 billion of its stake in Alibaba Group Holding Ltd. as part of the Japanese conglomerate’s fund-raising effort to pay down debt and buy back its own shares.
The deal, which …

DSV Panalpina, along with four other companies, could be on the hook for “hundreds of millions of dollars”, following accusations that it deliberately and unlawfully used expropriated property for its own financial gain, and made false representations in legal documents …

A major step towards digitalising manual, time-consuming processes powered by Blockchain Technology will offer greater ease of doing business across the supply chain
Colombo, 17 July 2020: SAGT, the first Public Private Partnership (PPP) container terminal in Sri Lanka, also …

JEFFERIES released a K+N note on Thursday ahead of Q2 ’20 results.
Here are the key points:
– “2Q20E results on July 21st. We estimate 2Q20E EBIT will be 43% lower at CHF 153m, in-line with consensus CHF 154m. We …