SM Merchant Marine (also known as SM Line) has pushed back its initial public offering (IPO), after demand from institutional investors fell below expectations, the South Korean liner operator said today.
The company had hoped to raise up to $722m …
The Loadstar’s coverage of COP26 is sponsored by Evergreen Line: leading the development of a sustainable global container transportation system
Innovation in the maritime sector is being handicapped by the funding gap that sees technologies developed to pre-production levels …
PRESS RELEASE
ArcBest Announces Record Third Quarter 2021 Results
Successful growth strategy driving superior performance
Advancing strategic vision to better serve customers
and further enhance value for shareholders
– Third quarter 2021 revenue of $1.0 billion increased 27.9 percent over …
PRESS RELEASE
XPO Logistics Announces Third Quarter 2021 Results
Reports highest revenue of any quarter in company history
Updates full year 2021 guidance based on higher-than-expected growth
Announces LTL network expansion of terminal capacity, trailer fleet and driver training in …
The world’s largest pure-play contract logistics operator GXO Logistics has released its first results since its spin-off from XPO Logistics, and upgraded its full-year guidance on the back of recent contract wins.
It posted third-quarter revenues of $2bn, which it …
Maersk achieved a new record net profit, of $5.5bn, for the third quarter – a figure also higher than its best-ever annual profit.
Revenue soared 68% year on year, to $16.6bn, driven by an 84% increase, to $13.1bn, in its …
Maersk has finally confirmed that it is using its cash-packed war chest to invest in air freight, much as rival CMA CGM has done.
This morning it confirmed it was buying air freight forwarding specialist Senator International, for $644m, news …
