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Maersk Warns of Slowdown Once Freight Boost Fades

A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from the Red Sea conflict evaporates.

February 8, 2024

Amazon Beats Revenue and Profit Expectations for Q4

Amazon on Feb. 1 reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.

February 2, 2024

Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd

HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.

January 31, 2024

Georgia Ports Handled Record Number of Automobiles in 2023

SAVANNAH, Ga. — The Georgia Ports Authority said that it moved a record number of automobiles across its docks in Brunswick in 2023, while goods sent to Savannah in containers declined 16%.

January 30, 2024

Freight Elite Struggle to Hit Climate Goals as Demand Surges

Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.

January 30, 2024

Norfolk Southern Piloting Anonymous Employee Safety Hotline

OMAHA, Neb. — About 1,000 engineers and conductors who work for Norfolk Southern soon will be able to report safety concerns anonymously through a federal system without fear of discipline.

January 30, 2024

Maersk Unveils World’s Biggest Methanol-Powered Containership

A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.

January 26, 2024

Union Pacific Profit Up 1% in Q4 as Deliveries Rise

OMAHA, Neb. — Union Pacific’s fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles.

January 25, 2024

Canadian National Railway Maintains Earnings Growth Forecast

Canadian National Railway is sticking with its outlook for double-digit profit growth over the next few years, moving past a 2023 marred by labor strife, low grain shipments and a sluggish economy.

January 24, 2024