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Deutsche Post DHL Group reported consolidated net profits of 49 million euros for the third quarter of 2015, an 89.5 percent year-over-year decline, which primarily resulted from a decline in earnings before interest and tax.
An executive of the ocean carrier commented on the seldom-used route after the Chinese general cargo ship Yong Sheng finished a round trip voyage between China and Europe by sailing through the Arctic waters of the Northeast Passage.
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.
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.