Not sacrificing price to buy volume: On a conference call with analysts on Thursday, less-than-truckload carrier XPO stated that it will not sacrifice yield to gain market share. During the fourth quarter, the company reported a 1% year-over-year (y/y) increase in tonnage compared to LTL peers who saw volumes decline...
Amazon’s fourth-quarter revenue exceeds expectations, but earnings per share fall.
Amazon.com Inc. reported fourth-quarter diluted earnings of 3 cents per share late Thursday, falling short of analysts' consensus of 17 cents per share and a long way from the $1.39-per-share level of the fourth quarter of 2021. Sales increased by 9% to $149.2 billion, exceeding analysts' expectations. Amazon said that...
The tanker shipping consolidation saga is being watched “like it’s Netflix.
Take a tanker fleet, mix in a high-stakes merger plan, a big personality or two, and season with founding-family pride. It's a tried-and-true recipe for the kind of squabbling that gives tanker shipping its colorful reputation. "Today's three-way squabble involving tanker owner Euronav (NYSE: EURN) — with Frontline (NYSE: FRO)...