ONE sees Q1 profits rise, but remains cautious as box shipping hits 'tipping point'
Ocean Network Express (ONE) reported a 12% year-on-year revenue increase in today’s Q1 results, along ...
Continuing decline in business is not halting investment plans at JB Hunt, as the firm prepares for a rebound in the market.
Its results for the second quarter reflect the headwinds: revenues dropped 18%, to $3.13bn, while operating income fell 23%, to $270.7m.
The slump was right across JB Hunt’s portfolio and management blamed reduced volumes and downward pressure on pricing.
Total freight transactions on the firm’s 360 platform slumped 40%, to $336m, revenue falling 43% for the company’s Integrated Capacity Solutions – ...
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