By the Numbers
WorldACD Weekly Air Cargo Trends (week 44) - 2024
AJOT | November 12, 2024 | Air Cargo | General | By The Numbers
Rising air cargo rates from Asia Pacific and Europe helped to raise average worldwide prices in the first week of the airline sector’s (northern) winter 2024-25 timetable from 27 October, according to the latest weekly figures and analysis from WorldACD Market Data.
Container vessel orders up by over 50% in 2024
AJOT | November 08, 2024 | Maritime | By The Numbers
Sector heading for record-breaking year fueled by high charter rates and post-covid container boom
WorldACD Weekly Air Cargo Trends (week 43) - 2024
AJOT | November 04, 2024 | Air Cargo | General | By The Numbers
Average worldwide air cargo spot rates rose by a further +5% in the last full week of October, thanks to week-on-week (WoW) increases in spot prices from Asia Pacific (+3%), Europe (+7%), and Central & South America (CSA, +8%), while global tonnages remained broadly flat, WoW, at around +4% above last year’s levels, according to the latest weekly figures and analysis from WorldACD Market Data.
Alaska Air Group reports third quarter 2024 results
AJOT | November 01, 2024 | Air Cargo | General | By The Numbers
Air Group closed out a strong third quarter, generating GAAP pretax margins of 10.7% and earnings per share (EPS) of $1.84. On an adjusted basis, our pretax margin of 13.0% will lead the industry. Given Air Group’s completed acquisition of Hawaiian Airlines on September 18, 2024, quarterly financial statements include approximately 13 days of Hawaiian Airlines results.
WorldACD Weekly Air Cargo Trends (week 42) - 2024
AJOT | October 28, 2024 | Air Cargo | General | By The Numbers
Air cargo tonnages from China to Europe have broadly recovered to their levels prior to China’s Golden Week holiday at the start of October, while tonnages from Hong Kong to Europe have risen further in the last six weeks to their highest level this year, indicative of a possible ramping up of e-commerce and wider demand from this key origin market in the final months of the year.
Tanker - Weekly Market Monitor Week 43 - 2024
AJOT | October 25, 2024 | Trucking | By The Numbers
This week’s focus highlights a decrease in vessel congestion at the port of Ras Tanura for dirty tankers, including VLCCs and Suezmax vessels. Port congestion metrics show a 25% decline on both a weekly and monthly basis.
Total volume surge in August at Port of NY & NJ
AJOT | October 24, 2024 | Ports & Terminals | Ports | By The Numbers
August was a strong month for the Port of New York and New Jersey, ending with a nearly 20 percent jump in total volume from the previous year. A total of 790,891 TEUs (431,782 containers) moved through the port in August compared to 662,740 TEUs (366,339 containers) in 2023.
Mullen Group Ltd.: Solid third quarter financial results including record quarterly revenues
AJOT | October 24, 2024 | Logistics | By The Numbers
"An excellent quarter for our group even though the economy remains in neutral. Acquisitions continue to drive growth, however, I was really pleased with the performance of our Business Units, where the real difficult work is handled. All of our teams did a great job navigating the difficult market and controlling costs. As a result, we generated record revenues and near record operating profitability," commented Mr. Murray K. Mullen, Chair and Senior Executive Officer.
Wabash announces third quarter 2024 results
AJOT | October 24, 2024 | Logistics | By The Numbers
The Company's net sales for the third quarter of 2024 were $464.0 million, reflecting a 26.7% decrease compared to the same quarter of the previous year. The Company achieved consolidated gross profit of $56.0 million, equivalent to 12.1% of sales.
American Airlines reports third-quarter 2024 financial results
AJOT | October 24, 2024 | Air Cargo | General | By The Numbers
“The American Airlines team continues to focus on running a reliable operation and managing costs across the airline,” said American’s CEO Robert Isom. “We have taken aggressive action to reset our sales and distribution strategy and reengage the business travel community, which we’re confident will improve our revenue performance over time
CN Announces Third Quarter Results
AJOT | October 23, 2024 | Intermodal | Rail | By The Numbers
“Our scheduled operating plan demonstrated its resilience in the third quarter, allowing us to adapt our operations to challenges posed by wildfires and prolonged labor issues. Our operations recovered quickly and the railroad is running well. As we close 2024, we will continue to focus on recovering volumes, growth, and ensuring our resources are aligned to demand.”
Kuehne+Nagel’s earnings grow in the third quarter 2024
AJOT | October 23, 2024 | Logistics | By The Numbers
From January to September 2024, the Kuehne+Nagel Group achieved net turnover of CHF 18.0 billion, EBIT of CHF 1.2 billion and earnings of CHF 915 million. In the third quarter of 2024, key indicators developed in a positive manner. For the first time since the end of the pandemic, EBIT and profit in the third quarter of 2024 both increased quarter-on-quarter and year-on-year.
KBR announces Third Quarter Fiscal 2024 Financial Results
AJOT | October 23, 2024 | Shipping Technology | By The Numbers
"KBR's exceptional team has once again exceeded expectations with outstanding third-quarter results," stated Stuart Bradie, KBR's President and CEO. "Our team's dedication to our customers has resulted in year-over-year growth across all financial metrics, including Revenues, Adjusted EBITDA2, Adjusted EPS2, and notably, Operating Cash Flows.
Boeing CEO Message and Third Quarter Results
AJOT | October 23, 2024 | Air Cargo | General | By The Numbers
The Boeing Company recorded third-quarter revenue of $17.8 billion, GAAP loss per share of ($9.97) and core loss per share (non-GAAP)* of ($10.44) (Table 1) primarily reflecting impacts of the IAM work stoppage and previously announced charges on commercial and defense programs. Boeing reported an operating cash flow of ($1.3) billion and a free cash flow of ($2.0) billion (non-GAAP)*.
Old Dominion Freight Line Reports Third Quarter Earnings Per Diluted Share of $1.43 2024
AJOT | October 23, 2024 | Trucking | By The Numbers
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and nine-month periods that ended September 30, 2024. All prior-period share and per-share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split.
Port of Rotterdam: Container throughput is the strongest climber in third quarter of 2024
AJOT | October 23, 2024 | Ports & Terminals | Ports | By The Numbers
The throughput in the port of Rotterdam decreased by 0.4% in the first three quarters of this year. The total throughput therefore equaled 328.6 million tonnes compared to 329.9 million tonnes in the same period of the previous year. However, the Rotterdam container sector saw growth: there was an increase in terms of weight (3.0%) and containers (2.2%). Iron ore and scrap also increased by 2.3 million tonnes (11.1%). The decline in total throughput is mainly due to a lower throughput of coal and crude oil.
Norfolk Southern reports strong third quarter 2024 results
AJOT | October 22, 2024 | Intermodal | Rail | By The Numbers
Norfolk Southern Corporation (NYSE: NSC) announced Tuesday its third quarter 2024 financial results. For the quarter, income from railway operations was $1.6 billion, the operating ratio was 47.7%, and diluted earnings per share were $4.85.
Cathay Pacific releases traffic figures for September 2024
AJOT | October 22, 2024 | Air Cargo | General | By The Numbers
Cathay Pacific today released its traffic figures for September 2024. In the first nine months of 2024, Cathay Pacific and HK Express together surpassed the 20 million mark for passengers carried, having carried a combined total of over 21 million passengers during the period.
worldsteel Association: September 2024 crude steel production
AJOT | October 22, 2024 | International Trade | Commodity | By The Numbers
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 143.6 million tonnes (Mt) in September 2024, a 4.7% decrease compared to September 2023.
WorldACD Weekly Air Cargo Trends (week 41) - 2024
AJOT | October 21, 2024 | Air Cargo | General | By The Numbers
Worldwide and Asia Pacific air cargo tonnages have only partially recovered from the effects of China’s Golden Week holiday in early October, according to the latest weekly figures and analysis from WorldACD Market Data, with traffic from China to the USA showing little sign of rebounding at all in the first week since the major Chinese holiday.
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