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The Cass Freight Index rose 6.7% Y/Y in December to accelerate from the 2.7% gain in November. "The acceleration was partially explained by an easier prior year comparison, as the Cass Shipments Index rose 1.1% m/m from November on a seasonally adjusted basis. After a small sequential pullbac...
Shipping stocks struggled during most of 2020. The consensus was that a global pandemic would be bad for shipping. In reality, the majority of shipping companies themselves had a phenomenal year, with LPG, LNG, and container rates soaring to multi-year highs. Even many firms in th...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Corporate America pulls political fundingFollowing in the footsteps of Marriott (NASDAQ:MAR), JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C), a growing n...
Following in the footsteps of Marriott (MAR), JPMorgan Chase (JPM) and Citigroup (C), a growing number of big businesses have decided to suspend or review their campaign donations in the wake of last week's riot at the U.S. Capitol. The storming led to five deaths, including one police office...
Atlanta, Jan. 11, 2021 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) will announce its 2020 fourth-quarter results on February 2, 2021, at approximately 6:00 a.m. Eastern Time. At 8:30 a.m. ET, UPS Chief Executive Officer Carol Tomé and Chief Financial Officer Brian Newman will lead an invest...
Amazon (NASDAQ: AMZN) has strategically invested in its fulfillment network over the last five years, leasing planes, buying trucks and vans, and contracting pilots and drivers for deliveries. For the most part, Amazon has built its network to operate synergistically with its third-...
Deutsche Post DHL Group is one of the key beneficiaries of the renewed global e-commerce boom propelled by the pandemic. Tight air cargo capacity is pushing up airfreight rates, benefiting integrated companies like DHL, which are offsetting the fall in trade volumes. Expect high s...
This article looks at the best performing decile of stocks in the S&P 500 in the fourth quarter and for full year 2020. By examining the tails of the return distribution, we can gain improved insight into different portfolio return drivers. Stocks continued their bounce back f...
Since investors are always going to compare FedEx (NYSE: FDX) with its chief rival UPS (NYSE: UPS) , I thought it would be a good idea to weigh the investment cases for their stocks against each other. And doing so leads to some startling conclusions. Given that they hav...
After 7 years of stagnation, the recent bounce in UPS is the start of structurally higher Free Cash Flow and not simply a Covid bounce. A new CEO, pricing and Capex discipline at both UPS and FedEx, and Covid demand pull-forward are a trifecta of positive catalysts that did not exist ...
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The Federal Aviation Administration reauthorization bill approved Wednesday by the U.S. House of Representatives includes language allowing Boeing ...
Aloha Air Cargo has decided to close its Los Angeles-Honolulu lane, effective June 1, because of weak demand, FreightWaves has learned. The route ...
The recent recovery of the air cargo market didn't happen soon enough to save Iceland-based cargo airline Bluebird Nordic, which ceased operat...