The company’s deeper loss was still in line with what it had expected
Finance
XPO sees OR tumble in LTL division in second quarter
The second-quarter operating ratio of the LTL division of XPO Logistics took a significant tumble, deteriorating significantly depending on the measurement.
The non-GAAP adjusted operating ratio in the LTL sector declined to 90.1% from 80.3% in the second quarter of 2019, the company said in releasing its second-quarter earnings. Excluding gains from real estate sales, the OR slid to 91.4% from 81.5% in the corresponding quarter of last year.
Falling revenue was the primary cause of the weakening...
https://s29755.pcdn.co/news/xpo-sees-or-tumble-in-ltl-division-in-second-quarter
Tidewater delivers loss in the second quarter, but management was not surprised
The company’s deeper loss was still in line with what it had expected
Volume surges strain capacity at Amazon, put one-day shipping on back burner
Amazon.com Inc.’s (NASDAQ:AMZN) second-quarter results blew past Wall Street’s estimates and the company’s own guidance, leading its CFO late Thursday to caution that the company is running out of fulfillment and delivery capacity to handle continued volume surges and prepare for the second half of the year when volumes are strongest.
In a call with analysts following the results, Brian Olsavsky said Amazon is making some progress toward restoring the one-day shipping guarantee for shipments...
Amazon posts strong second-quarter revenue, income
Amazon.com Inc. (NASDAQ:AMZN) late Thursday reported strong second-quarter revenue and profits as it benefited from the rapid acceleration in e-commerce demand due to efforts to control the spread of the novel coronavirus.
Demand for the Seattle-based company’s delivery and fulfillment services was reflected in its shipping costs, which hit an all-time record of $13.6 billion, a 68% year-over-year increase. The previous record was $12.9 billion in the fourth quarter of 2019. The fourth quarter...
https://s29755.pcdn.co/news/amazon-posts-strong-second-quarter-revenue-income
Vale resumes dividend after robust quarter sparked by China demand
Miner’s profits quadrupled quarter-on-quarter amid iron ore revival
Shipping segment helps buoy Kirby’s second quarter
The company said its coastal transportation segment might do better quarter-over-quarter
https://www.tradewindsnews.com/finance/shipping-segment-helps-buoy-kirbys-second-quarter/2-1-850541
PIL sounds cautious note after Heliconia cash boost
Financially troubled Singapore liner company says it is not out of the woods yet despite $112m interim financing
Old Dominion held the line on costs, has slight uptick in OR even as volume dropped
Less-than-truckload (LTL) carrier Old Dominion Freight Lines (NASDAQ: ODFL) turned in a second quarter that saw it actually improve its operating ratio (OR), though several metrics on the volume side of the ledger were down.
Total revenue for the company was down 15.5% to $896.2 million from $1.06 billion, a drop of 15.5%. The LTL services revenue line of $884.0 million made up the bulk of that, down 15.6% from the year-ago period.
Operating income fell at a pace roughly in line with the decline...
Tufton Oceanic asset values take a hit in turbulent quarter
The London-based fund’s operating profit was offset by a net fair value loss caused by a drop in boxship and product tanker values