A.P. Moller-Maersk raised its full-year earnings outlook after second-quarter revenue climbed 20% year over year and EBITDA reached $3.0 billion, as robust Far East export demand, higher spot rates and congestion across key trade lanes lifted results. Revenue rose to $15.8 billion in the second quarter from $13.1 billion a year earlier. EBIT increased to… Continue reading Maersk raises 2026 outlook again as earnings surge
Wed Apr 13 07:11:02 CDT 2022
Month: August 2026
Reefer Report: Produce comes off the peak, but last year’s floor stays out of reach
Reefer spot rates Reefer spot linehaul averaged $2.64 per mile this week, minus fuel, down 0.3%, or $0.01 per mile, from the prior week. Rates climbed 35%, or $0.68 per mile, year over year and held 26.2%, or $0.55 per mile, above the nine-year seasonal average of $2.09 per mile, near the top of the… Continue reading Reefer Report: Produce comes off the peak, but last year’s floor stays out of reach
The boring press release machines learned to love
The humble press release was, for most of the past decade, the chore nobody in freight wanted. It sat near the bottom of the marketing budget. It was filed as an obligation. Executives who would sign off on a six-figure trade show booth without blinking balked at 500 words crossing the wire. That was the… Continue reading The boring press release machines learned to love
Latest truck crackdowns sidelines 48 drivers, 159 vehicles across US
State police agencies in New York, Nevada and Arizona have stepped up commercial vehicle enforcement in recent weeks, issuing hundreds of violations and placing scores of trucks and drivers out of service. The actions ranged from a bridge-strike prevention campaign along the New York State Thruway to increased roadside inspections in Nevada following a rise… Continue reading Latest truck crackdowns sidelines 48 drivers, 159 vehicles across US
Repricing in real time: The RFP playbook for volatile freight markets
Rates are swinging, fuel costs are unpredictable, and demand is shifting week to week. None of that is new to anyone who prices freight for a living. What’s changed is the pace. The market can move enough between the day you set a price and the day the freight moves that the number you agreed… Continue reading Repricing in real time: The RFP playbook for volatile freight markets