It’s no secret that COVID had an enormous economic impact in 2020 and the years succeeding, especially on the logistics industry. 2020 saw carriers bursting at the seams and shipping rates higher than ever, creating a favorable market for carriers. As shipping volumes and COVID-induced spikes started to decline, however, carriers were left with a…
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As major container shipping lines consistently bypass the Red Sea to avoid the threat of rebel missile attacks, air cargo volumes are finally getting a boost. Preliminary data now backs anecdotal reports a month ago of businesses shifting some Asia exports for Europe and North America to air transport as a way of avoiding delays….
Management from Knight-Swift Transportation sees weak demand carrying through the first quarter with hopes of normal sequential improvement by spring. The company announced worse-than-expected fourth-quarter results on Thursday as slightly favorable trends to start the period turned sour in the closing weeks. Knight-Swift (NYSE: KNX) reported a headline net loss of 7 cents per share…
Canadian National Railway Co. (CN) on Tuesday reported revenue of CA$3.28 billion ($2.4 billion) in the fourth quarter and adjusted earnings per share of CA$2.02. CN (NYSE: CNI) beat analysts’ expectations of EPS of CA$1.99 and revenue of CA$3.25 billion. For the year, the company reported revenue of CA$12.47 billion and profit of CA$4.17 billion,…