A year that will be consigned to the history books as the most successful in Kuehne + Nagel’s history didn’t finish with a big bang financially, drawing from its annuals released today compared to expectations, but its temporary action in early trade on the stock exchange was very different. Why? (Now click...
After the US markets closed today, CH Robinson reported financial results for the quarter ended December 31, 2020, highlighting the following Q4’20 key metrics: – Gross profits increased 10.5 percent to $636.1 million – Adjusted gross profits(1) increased 10.7 percent to $640.6 million – Income from operations increased 51.2 percent to $206.8 million – Adjusted operating...
“You need to spend time crawling alone through shadows to truly appreciate what it is to stand in the sun.” ― Shaun Hick It’s party time at Ceva Logistics! It was in the black in the third-quarter: $15m was the headline, adjusted number for the CMA CGM-owned 3PL’s bottom line ($8m unadjusted). And there is more good news,...
“Blessed is he who expects nothing, for he shall never be disappointed.” ― Alexander Pope As widely expected, France’s CMA CGM today reported stellar interim results, with nine-month (9M ’20) and third-quarter (Q3 ’20) profits coming in at $751m and $567m, respectively. Take this: in the first nine months, it added more than...
It was a rather weak interim update from CH Robinson on Tuesday, which pushed down its stock as much as 5.5% in after-hour trade. Operating cash flow and working capital management were particularly poor in the first nine months of the year (page 12 here; check out the changes in receivables..). Expect more...
DSV Panalpina has released preliminary, unaudited results for the Q3 ’20 and updated guidance for the year. Late on Friday it said: During Q3 2020, we have seen a strong financial performance in all divisions, with results exceeding our internal expectations. The results are driven by better than anticipated market conditions across...
