DFDS Q2: Solid Growth in Freight Volumes – Strong Performance Mediterranean

Key figures: Revenue 4,213 DKK m (2,798 in Q2, 2020 and 4,241 in Q2, 2019) EBITDA before special items 897 DKK m (507 in Q2, 2020 and 989 in Q2, 2019) Profit before tax 328 DKK m (11 in Q2, 2020 and 456 in Q2, 2019) Highlights The growth was driven almost entirely by the freight activities, i.e....

https://ferryshippingnews.com/dfds-q2-solid-growth-in-freight-volumes-strong-performance-mediterranean/

Trucking industry expected to remain on upswing through 2021

Despite economic conditions taking a dive due to COVID-19, the trucking market has persisted and looks to remain on an upward trajectory heading into 2021. The industry’s strong fundamentals have FreightWaves researchers suggesting that it may spark a multiyear upcycle for trucking.

In partnership with Blume Global and U.S. Bank, FreightWaves’ Freight Intel researchers have identified and analyzed the macroeconomic variables that shaped the dynamic freight landscape during the first half of 2020...

https://s29755.pcdn.co/news/trucking-industry-expected-to-remain-on-upswing-through-2021

Navios Containers Struggles To Keep Afloat in Q2

  • Navios Maritime Containers’ Q2 share price continues to be volatile.
  • It operates in the cyclical container shipping market, and its balance sheet is on a knife-edge.
  • NMCI is a small-cap shipping company, focused on the container shipping market.
  • They own 25 small container ships and 4 larger ships.
  • The company has a market cap of $27 million and have not fared well since 2017.
  • With revenue of $28.79 million in Q2, NMCI ended up with a loss of $2.119 million.
  • It is on a contract of $9,750 and...

https://mfame.guru/navios-containers-struggles-to-keep-afloat-in-q2/

U.S. Economy Shrinks At Record 32.9% Pace in Q2

  • U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter.
  • COVID-19 has ravaged businesses across the country and left millions of Americans jobless.
  • Gross domestic product shrank 9.5% in the second quarter from the first.
  • It is a drop that equals an annualized pace of 32.9%, steepest annualized decline dating back to 1947.
  • Personal spending slumped an annualized 34.6%, also the most on record.
  • The number of Americans filing for unemployment benefits increased...

https://mfame.guru/u-s-economy-shrinks-at-record-32-9-pace-in-q2/