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...
News
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)...
Jones Logistics expands its footprint with the acquisition of Nationwide Express
Jones Logistics (JoLo) announced the acquisition of Nationwide Express on Thursday, February 2nd. Tennessee-based Nationwide Express is a dedicated carrier that transports dry van freight and hazardous materials throughout the southern United States. In addition, the company offers warehousing, 3PL, and waste management services. According to the Federal Motor Carrier...