Seeking Alpha: Rails blockbuster – Union Pacific may be looking to acquire CSX or Norfolk Southern
SEEKING ALPHA reports: Union Pacific Corporation (NYSE:UNP) is weighing a major acquisition, according to SEMFOR. Sources ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
As banks exit the depressed shipping market, there is increased pressure on container lines to consolidate. The biggest carriers are able to get better economies of scale and this is having a direct effect on profitability – in the last quarter, Maersk earned, before interest and tax, just under $130 per box it carried; most other carriers achieved just half of that. But if M&A activity fails to pick up and banks continue to reduce access to debt, carriers may resort to going to the stock markets in search of fresh funds.
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