Freight

Hapag-Lloyd Keeps Recently Raised Outlook Despite Nine-Month Profit Drop

German container firm Hapag-Lloyd on Thursday posted a 47% drop in net profit for the first nine months of 2024 but retained its recently raised earnings o...

Vita Coco Delivers A 'Strong' Second Quarter Boosted By Coconut Water Sales

The Vita Coco Company has reported year-on-year net sales growth of 3%, to $144 million, in the second quarter of its financial year.

Retailers' Early US Back-To-School Sales Hasten Peak Ocean Shipping Season

Retailers Walmart, Target and Shein kicked off back-to-school sales early to stop Amazon.com's Prime Day event from siphoning US sales of backpacks and lap...

Hapag-Lloyd Posts Q1 Profit Drop, Raises Lower End Of Outlook

German container firm Hapag-Lloyd has posted an 84% drop in first-quarter net profit but raised the lower end of its 2024 outlook amid rising demand and fr...

International Paper Tops Quarterly Sales On Higher Prices, Demand Rebound

International Paper beat Wall Street's expectations for first-quarter sales, capitalising on higher prices, improved production and a rebound in demand for...

Consumer Gulf Widens As Demand For Premium And Budget Foods Grows

From Nestlé to Danone, food companies are seeing shoppers that want either premium or cheaper products.

Freight Forwarder Kuehne+Nagel's Profit Falls, Beats Forecast

Swiss freight forwarder Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures ami...

Kuehne+Nagel's Annual Operating Profit Nearly Halves

Swiss logistics group Kuehne+Nagel reported a bigger-than-expected 49% drop in annual operating profit, citing weaker performance across nearly all its seg...