shipping

Yellow (NASDAQ: YELL) just narrowly avoided bankruptcy for the fifth time since 2009. The potential for collapse is still looming, though. That's scaring some customers off, according to three brokers and two industry experts interviewed by FreightWaves. Recent notes from investment banks like...

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on the way in. googletag.cmd.push(function() { var...

Editor's Note: Due to ZIM Integrated Shipping Services' first-quarter loss, no dividend was paid in the second quarter of 2023. The company maintains a dividend policy of distributing 30%-50% of annual net income to shareholders. This payment is made quarterly at a rate of 30...

FedEx Corp (NYSE:FDX) reported on Wednesday an earnings beat for its fourth quarter, even as revenues failed to meet expectations; here’s what investors need to know. By The Numbers: The Memphis, Tennessee-based express package delivery giant posted earnings of $4.94 per share, beating a $4....

On Tuesday, FedEx Corporation (NYSE: FDX) posted its fiscal 2023 fourth-quarter results with shares falling 3.1% in premarket trading on Wednesday, after a revenue miss and weak profit guidance due to a continuously weakening demand and cost inflation pressures. What’s even more...

Delivery and logistics company FedEx Corp (NYSE: FDX) is set to report fourth-quarter financial results after market close Tuesday. Here’s a look at the key expectations from analysts and why the company’s earnings report could be a bellwether for the overall economy. Earnings...

  Diana Shipping Inc (NYSE: DSX) reported first-quarter FY23 sales growth of 10.2% year-on-year to $72.64 million, beating the analyst consensus estimate of $67.50 million. EPS of $0.22 beat the analyst consensus estimate of $0.14. The increase in time charter revenues was due to increased...

On March 16th, FedEx Corp (NYSE: FDX) hiked its full-year earnings forecast as cost-cutting measures amortized demand weakness at units including FedEx Express, allowing FedEx to top estimates on its adjusted earnings per share but still missing on revenue. Back...

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he doesn’t like Carvana Co (NYSE: CVNA). "I have disliked this stock for ages, and I reiterate that I still dislike it," he added. When asked about Chart Industries, Inc. (NYSE: GTLS), he said, "This is...

Oaktree Capital Management saw a one-year return of roughly 22.8% last year, according to Stock Circle, and has a total portfolio value north of $9 billion.  The company was co-founded in 1955 by co-Chairman Howard Marks and as of Sept. 30, 2022, it had more than $163...

United Parcel Service, Inc. (NYSE: UPS) gapped up about 2.5% to start Tuesday’s trading session after printing mixed third-quarter earnings. The news prompted Jefferies analyst Stephanie Moore to initiate coverage on UPS with a Buy rating. Moore announced a price target of $190. UPS reported...

Consumers had to rethink the way they shopped as a result of COVID-19 lockdowns and the resulting social isolation. Many reconfigured their priorities as well as spent more time online, including shopping, than ever before. Retailers worldwide were forced to restrict the...

Shipping and logistics company FedEx Corp (NYSE: FDX) reported fourth-quarter and full-year earnings after the market close Thursday. Here are the key highlights. What Happened: FedEx reported fourth-quarter revenue of $24.4 billion, which missed a Street consensus estimate of $24.57 billion,...

FedEx Corporation (NYSE: FDX) was flying more than 15% higher on Tuesday after the company announced it will raise its quarterly dividend from 75 cents per share to $1.15 per share. The transportation, e-commerce and supplies company headquartered in Memphis, Tennessee, also said it would...

ZIM Integrated Shipping Services Ltd (NYSE: ZIM) might not capture the most headlines among financial media outlets, but over the past five years, the firm has captured epic gains for investors. Since February 2017, ZIM stock’s five-year return has outperformed several of the world’s...