Yang Ming reports massive rise in profit, and orders more ships
Taiwanese carrier Yang Ming today reported revenue of $6.94bn last year, representing a 54% increase ...
North American intermodal is continuing its rapid growth, with the main carriers recording record box-carrying revenue.
Last week, The Loadstar reported on rail operator CSX’s bumper fourth quarter, which brought to a close a year to forget following the death of CEO Hunter Harrison.
Today Canadian Pacific (CP) and Union Pacific (UP) numbers show equally healthy returns, while for Kansas City Southern the gains were more muted.
For the three months to December, CP’s intermodal revenue climbed 12%, hitting $405m on the back of a 7% rise in volumes, leaving chief marketing officer John Brooks optimistic for 2019.
“I’m extremely ...
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