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A.P. Moller - Maersk has upgraded its full-year guidance for 2024, due to a third quarter operating profit of US$3.3 million, based on preliminary unaudited figures, the shipping giant said Oct. 21.APMM now expects full-year 2024 operating income of US$5.2 billion to US$5.7 billion, up from US$3 billion to US$5 billion previously, due to the strong third quarter results combined with strong container market demand and the continuation of the ...
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J.B. Hunt Transport Services Inc. reported third quarter net earnings of US$152.1 million, down early 19 percent from US$187.4 million in the year-earlier period.Operating revenue slipped 3 percent in the latest quarter to $3.07 billion, which the Lowell, Arkansas-based motor carrier said was primarily driven ...
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Transits of the Panama Canal dropped 29 percent in the Panama Canal Authority’s fiscal year 2024, which ended Sept. 30, reports Simon Heaney, Drewry’s senior manager, container research.Transits of the Central American cut-through reached 9,936 in FY2024, down 29.4 percent from the 14,080 transits in ...
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U.S. Surface Transportation Board has approved applications from CSX Corp. and Canadian Pacific Kansas City, or CPKC, to acquire rail lines operated by Genesee & Wyoming Inc.’s Meridian & Bigbee Railroad.
The approval, effective Nov. 16, allows creation of a new direct CPKC-CSX interchange ...
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SeaPort Manatee is to receive US$9.5 million to jumpstart recovery from Hurricane Milton, Florida Gov. Ron DeSantis said Oct. 14.The emergency funding comes as fuel, food and other key goods are again beginning to flow from SeaPort Manatee to consumers throughout Southwest and Central Florida ...
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Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record, as shippers continued to move goods ahead of a labor contract deadline for East and Gulf coasts ports that resulted in a three-day strike at ...
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The National Retail Federation, a leading voice for the retail industry, forecasts winter holiday spending to grow 2.5 percent to 3.5 percent over 2023, or US$979.5 billion to US$989 billion in total holiday spending in November and December, compared with US$955.6 billion in 2023.“The economy ...
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The Port of Corpus Christi and its customers moved record-high 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, driven by increases in crude oil and dry bulk movements.The third quarter total was a 2 percent increase from the ...
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American Trucking Associations ended its 2024 Management Conference & Exhibition on Oct. 15 celebrating Dennis Dellinger’s selection as the federation’s 80th chairman.Dellinger, CEO of Claremont, N.C.-based Cargo Transporters, is a 38-year industry veteran.“I look forward to working with all of you to represent the millions ...
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Drewry, the independent maritime research consultancy, said its World Container Index decreased 4 percent to US$3,349 per 40-foot container the week of Oct. 10, 68 percent below the previous pandemic peak of US$10,377 in September 2021, but 136 percent more than he average pre-pandemic rate ...
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