refrigeration

Key Takeaways: Haier Smart Home has agreed to acquire Carrier Global’s commercial refrigeration business for $640 million, translating to a relatively low price-to-earnings (P/E) valuation of 11 As a veteran of overseas acquisitions, the appliance maker will be looking to improve Carrier...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight an acquisition for Hirschbach Motor Lines, a new software platform for drayage shippers and more. The High Five 1. Refrigerated carrier Hirschbach Motor Lines has acquired Eagan,...

The North Carolina State Ports Authority is celebrating a refrigerated container volume record and the expected arrival of the largest vessel ever to call the Port of Wilmington. NC Ports said it moved 1,459 refrigerated containers — 2,918 twenty-foot equivalent units (TEUs) — through the Port of...

The initial assessment of the coronavirus effect on ocean shipping was: It will slash Chinese exports of containerized, factory-made goods and reduce China's import demand for industrial and energy bulk commodities. As it turns out, that appraisal missed a big part of the fallout picture. The...

BMO Capital Markets cited valuation and concerns over the refrigeration market in a Friday downgrade of manufacturing conglomerate Dover Corp. (NSYE: DOV).  The Analyst Analyst R. Scott Graham downgraded Dover from Outperform to Market Perform and lowered the price target from $93 to $90. The...