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ONE profits soar, thanks to surging rates and volumes

Ocean Network Express (ONE) has doubled its full-year profit forecasts to $2bn, after more than quadrupling its net profit for the three months to September, amid a surge in rates and volumes. Over the second quarter, July-October for the Singapore-based carrier, net profit hit $1.3bn, compared with just $285m, a year…

The Loadstar Аналитика
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Air cargo cashes in on AI boom – but who has the edge?

There is no shortage of companies enjoying the AI boom – from airports to airlines and forwarders, the latest airfreight trend is filling both aircraft and coffers – but companies are now trying to find a way to prove their competitive edge in the market, whether by handling, network, or capacity. Expeditors yesterday…

The Loadstar Аналитика
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Saudi Aramco Profit Beats Expectations as Oil Prices Soar

Saudi Aramco beat analyst estimates of its third-quarter profit as higher crude oil and fuel prices offset the impact of oil supply disruptions due to attacks on its assets. The Saudi state oil giant on Tuesday reported an adjusted net income of $31.2 billion for the third quarter, up from $28.6 billion for the same p…

OilPrice.com Аналитика
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Pamt Corp. reports Q3 net loss, books 109.1% truckload OR

Truckload carrier Pamt Corp. lost money again during the third quarter. Like other carriers , it pointed to elevated driver procurement costs and the spike in diesel fuel prices as the culprits. Pamt ( NASDAQ: PAMT ) reported a net loss of $8.1 million, or 38 cents per share, on Monday after the market closed. Earning…

FreightWaves Аналитика
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Arkansas truck blitz nets 183 English violations, 44 arrests in 48 hours

Arkansas Highway Police and federal law enforcement agencies conducted a sweeping 48-hour commercial vehicle enforcement operation that resulted in 183 English-language proficiency violations, 44 criminal arrests and more than 1,000 motor carrier safety violations. The crackdown, dubbed Operation Highway Shield , took…

FreightWaves Аналитика
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FedEx Freight sees volumes stabilize, eyes Q4 margin improvement

The nation’s largest less-than-truckload carrier, FedEx Freight, said Thursday that volumes have continued to stabilize and that it expects to see stronger operating leverage next year as a standalone company. Its local, dedicated LTL sales teams are seeing business wins and driving a better freight mix across the net…

FreightWaves Аналитика
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Analysis: CH Robinson spoils the bull party – tests remain

CH Robinson grew trucking volume, profit per load and its divisions’ operating margins again, yet its shares fell 11% to a 52-week low as investors weighed a small trucking miss, a jump in claims costs, a 2027 insurance renewal still under negotiation and – most notably – a $5.8bn bet on RXO. Forwarding, once seen by …

The Loadstar Аналитика
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The cold chain just got weaponised – logistics is exposed

A recent cyberattack on French supermarket refrigeration showed how remote controls can cause physical losses. The warning extends to cold stores, pharmaceutical warehouses and connected reefer fleets. At four in the morning, a delivery driver at an Intermarché in Gradignan, south-west France, found the cold room floo…

The Loadstar Аналитика