FedEx bets on rate hikes being accepted, despite tough market headwinds
Soft market conditions blunted FedEx’s first-quarter results, but management is confident that its rate increases ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
In yet more results, Echo Global Logistics announced a “breathtaking” fourth quarter, with revenues up 34.6%. For the year, it reported net income of $12.6m on gross revenue of $1.9bn compared with net income of $1.6m on gross revenue of $1.7bn in 2016. The company’s access to spot market truck capacity, it said, was helped by its acquisition of Command Transportation, while its proprietary technology was a “powerful engine for continued growth”. Transport Topics reports. You can see the results here.
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