Mega shipyard mergers in South Korea and China are forging a new reality in the industrial sector that underpins the global shipping industry. South Korea's merger of Hyundai Heavy Industries Co. and Daewoo Shipbuilding& Marine Engineering Co. and the Beijing-engineered marriage of China Shipbuilding Industry Corp. and China State Shipbuilding Corp. will create two behemoths that will control around 46% of the global market among the world's top 10 yards, according to...
Moody's: * MOODY'S SAYS FEDERAL BUDGET AGREEMENT WOULD BE CREDIT POSITIVE FOR U.S. AEROSPACE AND DEFENSE SECTOR. * MOODY'S SAYS 2-YEAR FEDERAL BUDGET DEAL ANNOUNCED BY PRESIDENT TRUMP & CONGRESSIONAL LEADERS WILL BENEFIT U.S. DEFENSE CONTRACTORS IF SIGNED INTO LAW.
Trucking companies are wrestling with the hangover from last year's freight boom as greater availability of big rigs and softening demand weigh on earnings ahead of peak shipping season. Many carriers plowed 2018 profits and the gains from the 2017 corporate tax cut into record orders for new equipment, resulting in a growing supply of trucks while cargo volumes in U.S. distribution channels have been sliding. Bad weather, tepid industrial growth and trade tensions have...
American Airline's stock tumbles amid questions about its raised profit outlook, Southwest's (LUV) bounces after 737 Max return pushed back. Shares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.' s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.. And the biggest ever one-day plunge in discount carrier Spirit Airlines Inc.' s stock after disappointing guidance was also a drag on...
- The S&P 500 and Nasdaq hit record highs on Wednesday after reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar.
Hub Group , a leading supply chain solutions provider, announced today it has been awarded the #3 ranking on Inbound Logistics prestigious Top 10 3PL list for 2019. It is our great honor to once again be named a Top 10 3PL by Inbound Logistics, said Chairman and CEO David Yeager.
Freight trains are carrying a shrinking amount of cargo as railroads feel the effects of trade tensions, a cooling global economy and changes to their own systems that are driving customers elsewhere. The number of U.S. railroad carloads shipped fell 2.9% in the first half of the year, according to the Association of American Railroads. The slowdown was widespread among industries, with 16 of 20 categories of shipments including food, lumber, auto parts and metals, posting...
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