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FreightWaves Infographics: US parcel revenue sees first decline in 7 years, report finds
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Daily Infographic: Daily Russian fossil fuel revenues still at $500M
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Daily Infographic: Air Canada wants more cargo jets 3 months after launching service
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Exporters beware: uncaring port operator’s ECIS-penalties will inflict more empty container woes on you
Exporters in New South Wales are bound to face a severe shortage of empty containers as the Empty Container Incentive Scheme at Port Botany increasingly and unnecessarily aggravates a short-supply.
There is a backlog of boxes to be unpacked and moved in New South Wales. This backlog was caused by the recent pandemic outbreak in NSW when Omicron ran wild. Infections caused a huge labour shortage in the stevedoring...
Suez Canal hits record $6.3bln revenue despite challenges in 2021
Suez Canal Authority (SCA) has achieved the highest annual revenue in its history of $6.3 billion and the largest annual net tonnage of 1.27 billion tons during 2021, the head of the SCA…
https://www.offshore-energy.biz/suez-canal-hits-recrd-6-3bln-revenue-despite-challenges-in-2021/
DoorDash posts mixed earnings, acquires Wolt for $8.1B
In its first earnings statement as a public company, issued on Feb. 25, DoorDash disappointed despite setting quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization, and market share. Investors instead fixated on the company’s doubling of its quarterly loss over Q4 2019.
Since then, DoorDash (NYSE: DASH) has ridden pandemic tailwinds to a pair of productive quarters in 2021, turning in strong earnings across the board in Q1 and a sequential...
https://www.freightwaves.com/news/doordash-posts-mixed-earnings-acquires-wolt-for-8-1b
Maersk ups 2021 profit expectations, reports Q2 record results
Danish shipping and logistics giant A.P. Moller – Maersk has upgraded its 2021 full-year guidance reporting strong performance in Q2 2021. The post Maersk ups 2021 profit expectations, reports Q2…
https://www.offshore-energy.biz/maersk-ups-2021-profit-expectations-reports-q2-record-results/
PayPal beats Q2 2021 earnings estimates, misses on revenue
Total second-quarter revenue jumped 19% year-over-year for PayPal (NASDAQ: PYPL), falling slightly short of analyst expectations. The company’s shares saw an 8% drop after the close.
The company said net revenue was $6.24 billion and total payment volume (TPV) increased 40% to $311 billion, compared to $222 million in Q2 2020. Transaction revenues increased 17% year-over-year to $5.8 billion, and revenues from other value-added services were $441 million as of June 30, up 40% from $316 million...
https://www.freightwaves.com/news/paypal-beats-q2-2021-earnings-estimates-misses-on-revenue
Suez Canal annual revenue hits record $5.84bln despite Ever Given blockage
Egypt’s Suez Canal revenue increased to $5.84 billion in its 2020-21 fiscal year (July-June), the Suez Canal Authority announced. The post Suez Canal annual revenue hits record $5.84bln despite…