Keyword
financials
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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.…
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Pilot freight sets record for revenues in 2018
Lima, PA — Pilot Freight Services (Pilot), a worldwide provider of transportation and logistics services, announces yet another year of record-breaking revenue marking a 24.8% increase to reach nearly $800 million in revenue for 2018 with the broadened selection of…
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Shares in world’s top shipping firm sink on US tariffs risk
Copenhagen, Denmark — Shares in the world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, plunged Thursday after it warned of the commercial damage it would suffer from a U.S. escalation in the trade war with China. The company reported a fourth…
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UPS’ profit slips, but results top expectations, shares rise
Dallas, TX — United Parcel Service Inc. said Thursday that fourth-quarter profit fell, hurt by a hefty pension charge, but the results beat expectations as the company handled more packages and boosted prices. Revenue during the critical Christmas shipping period rose nearly…
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CN Rail boosts dividend as it forecasts strong performance in 2019
Montreal, QC — Canadian National Railway Co. boosted its dividend by 18 per cent after reporting that its revenues surged 10 per cent in 2018 and forecasting another strong year ahead that builds on burgeoning shipments of oil, coal and…