Q2 earnings

ZIM Integrated Shipping Services reported a net profit in the second quarter of 2019 of $5.1 million, compared to a $33.2 million net loss in the second quarter of 2018. Eli Glickman, the president and chief executive officer of the Israel-based carrier, said, "ZIM's results for the first six...

If you feel like celebrating after two sessions of big stock market gains, it might be better to keep the cake in the cupboard at least for now. While it’s tempting to say that the wicked witch of falling bond yields is dead, a lot of signs continue to indicate we might not be out of those...

\When the Inc. 5000 list of the fastest-growing companies in the United States was released earlier this week, transportation and logistics watchers should have been pleased, but not surprised, to see FreightWise near the top of the list at the number two spot. FreightWise, a software and services...

Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. However, the company reported a more modest rise in revenues.  Sulaibiya, Kuwait-headquartered Agility has a range of businesses in air, ocean and road freight, logistics...

Walmart (NYSE: WMT) released strong earnings for the second quarter of 2019, injecting a dose of positive news into a worrisome economic situation. As the world's largest retailer, the company is often seen as a bellwether for the overall retail landscape. Walmart posted adjusted earnings per...

Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk reported a massive increase in second quarter underlying profit and earnings before interest, tax, depreciation and amortization. Revenues also "grew slightly," the shipping mega-conglomerate said. Maersk today reported slight...

Evergreen Marine Corp. (TWSE:2603) reported a second quarter 2019 gross profit of nearly 3.7 billion New Taiwan Dollars (NTD), or about US$118.6 million, compared to about 109 million NTD in the second quarter of 2018. The company's results were reported on the Taiwan Stock Exchange EMOPS system....

Hyundai Merchant Marine (011200.KS), South Korea's largest container carrier, said it had an operating loss in the second quarter of 2019 of 112.9 billion won (about $93 million at the current exchange rate of about 1,215 won to the U.S. dollar), a decrease from the 199.8 billion won loss reported...

If YRC Worldwide, Inc.'s (NASDAQ: YRCW) second-quarter results could talk, they would tell investors and shippers to give them the benefit of the doubt. But after a disappointing quarter, an equity price that's down nearly 80 percent in the past 12 months, and a model that has destroyed untold...

Euronav (NYSE: EURN) reported a loss that was slightly lower than expected, despite the ongoing weakness in oil tanker rates. The tanker company expects demand and rates to rise toward the end of 2019. Euronav reported a net loss of $0.18 per share. The forecast from Wall Street analysts had been...

After yesterday’s impressive comeback, global markets feel like they’re on better footing this morning with bond yields moving up. That doesn’t mean it’s OK to get complacent about possible aftershocks. The whiplash moves aren’t necessarily over, with volatility still...

Shortline operator Genesee and Wyoming (NYSE: GWR) reported an 8.7 percent decline in operating income in the second quarter of 2019 amid year-over-year declines in freight revenue from its Australian and European operations. Operating income for the second quarter of 2019 totaled $94.2 million,...

Many parents of Millennials gave their kids a lesson about the stock market: “Buy the things you know.” Transportation company Uber Technologies Inc (NYSE: UBER) is one a lot of Millennials know, and they’ve snapped up its shares enthusiastically since the company’s...

Expeditors International (NASDAQ: EXPD) reported its financial results for the second quarter of 2019 on the morning of August 6, before markets opened. Expeditors' earnings per share of $0.88 beat the Street's estimates of $0.80 (overall net earnings attributable to shareholders grew 9 percent...

Air Transport Services Group (NASDAQ: ATSG) registered double-digit growth in both adjusted earnings and revenues in the second quarter due to strong performances across its business segments. The Wilmington, Ohio-based cargo airline operator and leasing company reported on August 5 adjusted...