Keyword
financials
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Amazon’s profit falls as costs for faster shipping soar
New York, NY — Amazon’s push for faster delivery is hurting its profits. The online retailer said its third-quarter net income fell 26% from a year ago, missing Wall Street expectations. Its sales outlook for the holiday shopping season also…
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CP Rail remains bullish amid global headwinds and record third quarter revenues
The head of the country’s second-biggest railway remained bullish about the coming year despite currently facing lower freight volumes, trade tensions and a sluggish global economy. “Unless mother nature humbles us and brings us to our knees…we see an opportunity…
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CN Rail cuts profit forecast for 2019 amid ‘softer’ economy and lower net income
Montreal, QC — Canada’s largest railroad operator cut its profit outlook for 2019 on Tuesday, saying a weaker economy has eroded rail demand. Canadian National Railway Co. lowered its expectations for adjusted earnings per share to the high single digits,…
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Demand for fast, online delivery drives UPS 3Q
Dallas, TX — UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the weakening global economy is contributing to disappointing revenue growth. The delivery giant said Tuesday that third-quarter profit rose…
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Maersk reports rise in profits for Q2 2019
Copenhagen, Denmark — Shipping conglomerate A.P. Moller-Maersk reported profits in the second quarter of 2019 of USD$134 million, up from $15 million the year previously. The company reported a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA)…
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Oil and container traffic push CN Rail to record revenues of nearly $4B
Montreal, QC — Crude–by–rail and container traffic drove Canadian National Railway Co. to its highest ever quarterly revenue and adjusted earnings per share, shoring up confidence in its EPS forecast of low double-digit growth for 2019. The country’s largest railroad…
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CP Rail rakes in record second quarter revenue as traffic increases
Montreal, QC — Canadian Pacific Railway Ltd. announced record second-quarter revenues of nearly $2 billion Tuesday, driven by grain, international container traffic and energy, chemicals and plastics to beat analysts’ expectations. Traffic increased in all categories, with grain hitting its…
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Cargojet breaks even in first quarter compared with a profit a year ago
Mississauga, ON, — Cargojet Inc. broke even for its most recent quarter compared with a profit of $4.5 million a year ago as its revenue grew by 11.3 per cent. The company, which provides time sensitive overnight air cargo services, says the…
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Harsh winter chills CN Rail’s record first quarter revenues, boosted by crude
Montreal, QC — Canadian National Railway Co. saw first-quarter profits fall slightly short of analysts’ expectations as harsh winter weather worked to ramp up operating costs and offset a hefty increase in revenue. Chief executive Jean-Jacques Ruest said that a…
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UPS falls short of forecasts on bad weather, costs
Dallas, TX — United Parcel Service Inc. reported Thursday that first-quarter profit fell 17% as revenue was flat from a year ago and the package-delivery company ran into higher spending to cope with a series of winter storms. The results…
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CP Rail first quarter profits jump 25 per cent despite winter weather woes
Canadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid temperatures and heavy snowfall. “What happened to us in February, especially in the first two weeks…
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K + N reports both increased sales and profit for 2018
Schindellegi, Switzerland — Kuehne + Nagel International AG (K+N), the large Switzerland-based freight forwarder and logistics company, reported sales in 2018 of 24.83 billion Swiss francs ($24.86 billion), 11.9 percent more than the 22.22 billion francs it reported in 2017.…