Neptune Orient Lines, parent of ocean liner APL, attributed the poor financial results primarily to weak peak season shipment volumes to North America and Europe, which resulted in lower freight rates for container carriers.
Hanesbrands “Soars” After Q3 Earnings Jump; Raises Outlook
Winston-Salem, NC—After reporting a 36% increase in its third quarter earnings, Hanesbrands saw its shares soar nearly 13% in afterhours trading. The strong results promoted the company to raise its 2015 forecast. For the three months ended Oct. 3, Hanesbrands posted a profit of $162.2 million, or 40 cents a share, up from $118.9 million, […]
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Steve Madden Posts Q3 Profit Beat
Long Island City, NY—Steve Madden Ltd today reported that its third quarter earnings were good enough to beat analysts’ estimates even in a tough retail environment. For the three months ended Sept. 30, the footwear and accessories company posted a 9.3% increase in its from to $42.9 million, or 70 cents a share, compared to […]
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Chico’s FAS Names Walmart Executive Shelley Broader as New CEO
Fort Myers, FL—A top Walmart executive will soon be chief executive at Chico’s FAS. The women’s specialty retailer said Wednesday that Shelley Broader, who has more than 25 years of experience at Walmart and other retailers, will succeed present CEO David F. Dyer. Broader has been chief executive of Walmart’s Europe, Middle East and Africa […]
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Senate approves short-term transport patch
The Senate on Wednesday approved a House measure to extend federal transportation spending for three weeks and prevent a shutdown in funding today.
DSV raises FY2015 guidance on positive Q3 results
The Danish global transport and logistics provider reported adjusted earnings and net revenues grew 15.1 percent and 2 percent, respectively, in the third quarter of 2015 compared to the same period a year ago.
Logistics stocks slide due to demand concerns
Several major logistics and transportation company stocks have fallen sharply this week amid lower-than-expected earnings announcements and concerns of weak demand going into the fourth quarter.
Old Dominion posts strong Q3 results
The Thomasville, N.C.-based less-than-truckload carrier posted net income of $84.4 million for the third quarter of 2015, an 8.3 percent increase from the third quarter of 2014.
Port of Oakland on target for greenhouse gas reduction
The Norther California port will make 75 percent of the energy it purchases for tenants greenhouse gas-free within three years, according to a statement from the Oakland port authority.
GSL partners with Moran Iron Works to build short sea ships
Green Shipping Line is eyeing potential cargo shipping routes on the U.S. Atlantic Coast and in the Lake Erie region.