Berkshire Hathaway’s Charlie Munger once famously said, “Every time you hear ‘EBITDA,’ just substitute the phrase ‘bullshit earnings.’” Public shipping companies in different segments highlight different earnings metrics. Tanker and dry bulk owners focus on adjusted net income. Listed container shipping lines often highlight adjusted earnings before interest, taxes, depreciation and amortization. EBITDA has been…
WASHINGTON — Federal regulators likely will approve once again a cut in motor carrier fees collected for registration and safety programs in 2024 but will likely have to raise those fees for the first time in at least a decade starting in ’25. Based on a recommendation by the Unified Carrier Registration (UCR) Plan and…
Despite much hand-wringing to the contrary over the past three years, the end of globalization is nowhere near nigh. The 10th annual DHL Global Connectedness Index, released Wednesday by Deutsche Post DHL Group (OTCUS: DPSGY) and New York University’s Stern School of Business, found that more merchandise trade moved over longer distances in 2021 than…
This story is developing. The Surface Transportation Board has approved, with conditions, Canadian Pacific’s plans to merge with Kansas City Southern, paving the way for CP to take control of KCS as early as April 14. The conditions include an “unprecedented” seven-year oversight in which CP (NYSE: CP) and KCS will provide extensive data to…
Correction: A previous version of this story incorrectly stated Zipline is based in Mountain View, California. It has been updated to reflect that the firm is based in South San Francisco, California. After completing its 500,000th delivery in January, one of drone delivery’s titans is still not satisfied. On Wednesday, South San Francisco, California-based Zipline…