US intermodal picking up steam as trucking woes continue
After a long trough of sluggish performance, US intermodal traffic is growing, and the market ...
It’s earnings season and so loooots is happening on several fronts these days!
Here are some interesting stories sourced from the web – and mainly focused on results – that you shouldn’t have missed this week:
– “Union Pacific -3% despite notching a record operating ratio” (down 6.3% around mid-session Thursday)
– “Thor Logis lands first logistics acquisition in Spain”
– “‘Considerable growth.’ Miami private equity firm to buy Capstone Logistics”
– “CSX +2% after firing off more buybacks” (the earnings call transcript and presentation are, respectively, here and here)
– “BlackRock S&P 500 fund is Europe’s biggest equity ETF loser in third quarter” (sub required)
– “MBK Partners revives $1bn sale of China’s Apex Logistics”
– Landstar System EPS beats by $0.20, beats on revenue (the earnings call presentation is here)
– “Canadian Pacific seeks opportunities in its land holdings”
– “CN ‘cautiously optimistic’ on rail volumes”
– “Oversight commission still waiting on Pentagon’s explanation of YRC loan”
– “YRC has drawn about a third of its US coronavirus aid” (sub required)
– “JB Hunt Transport Services declares $0.27 dividend”
– “Knight-Swift: Shippers seek early contract commitments”
Thanks.
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