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The Netherlands-based logistics provider posted a 27 percent year-over-year increase in EBITDA despite a 13.1 percent decline in revenues for the third quarter of 2015.
Canadian Pacific is looking to merge with fellow Class I railroad Norfolk Southern, but NS appears less than receptive to the offer, referring to it as a “low-premium" offer in a statement Tuesday.
The integrated logistics provider posted net profits of 13.7 million Kuwaiti Dinars on revenues of 335 million Kuwaiti Dinars for the third quarter of 2015.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.