market share loss

Navistar feels COVID sting in Q4 and full-year 2020 earnings

Navistar International Corp. (NYSE: NAV) reported COVID-impacted lower sales and earnings for its fourth quarter and fiscal year on Thursday. It is likely the final independent earnings report before its $3.7 billion sale to Volkswagen AG’s Traton Group closes in 2021.

Navistar executives skipped the quarterly call with analysts because of the Nov. 7 definitive merger.

Key financial highlights

  • Fourth-quarter net loss of $236 million, or $2.36 per diluted share, including $297 million of...

https://s29755.pcdn.co/news/navistar-feels-covid-sting-in-q4-and-full-year-2020-earnings

ILWU: Don’t blame labor for ports’ market share drop

California Gov. Gavin Newsom recently has received two written pleas to take action to prevent the state’s port industry from losing more market share. While the writers agree something must be done to stop the flow of business to ports on the East and Gulf coasts, they do not entirely agree on the causes of the loss. 

Fifty-two organizations led by the Pacific Merchant Shipping Association (PMSA) sent a letter to Newsom on Monday that said, in part, that importers began taking their business...

https://www.freightwaves.com/news/ilwu:-dont-blame-labor-for-ports-market-share-drop

Seroka working to stem tide of market share loss

The always cool and collected Gene Seroka nearly got fired up when talking about Southern California ports’ loss of market share during a press conference on cargo volumes.

Seroka, executive director of the Port of Los Angeles, gave a more than three-minute response when asked Wednesday about what steps he was taking to stop the flow of business to the East and Gulf coasts and a letter 52 organizations sent to California Gov. Gavin Newsom earlier this week urging him to take action to reverse...

https://s29755.pcdn.co/news/seroka-working-to-stem-tide-of-market-share-loss