shipping

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he doesn’t like Carvana Co (NYSE: CVNA). "I have disliked this stock for ages, and I reiterate that I still dislike it," he added. When asked about Chart Industries, Inc. (NYSE: GTLS), he said, "This is...

Oaktree Capital Management saw a one-year return of roughly 22.8% last year, according to Stock Circle, and has a total portfolio value north of $9 billion.  The company was co-founded in 1955 by co-Chairman Howard Marks and as of Sept. 30, 2022, it had more than $163...

United Parcel Service, Inc. (NYSE: UPS) gapped up about 2.5% to start Tuesday’s trading session after printing mixed third-quarter earnings. The news prompted Jefferies analyst Stephanie Moore to initiate coverage on UPS with a Buy rating. Moore announced a price target of $190. UPS reported...

Consumers had to rethink the way they shopped as a result of COVID-19 lockdowns and the resulting social isolation. Many reconfigured their priorities as well as spent more time online, including shopping, than ever before. Retailers worldwide were forced to restrict the...

Shipping and logistics company FedEx Corp (NYSE: FDX) reported fourth-quarter and full-year earnings after the market close Thursday. Here are the key highlights. What Happened: FedEx reported fourth-quarter revenue of $24.4 billion, which missed a Street consensus estimate of $24.57 billion,...

FedEx Corporation (NYSE: FDX) was flying more than 15% higher on Tuesday after the company announced it will raise its quarterly dividend from 75 cents per share to $1.15 per share. The transportation, e-commerce and supplies company headquartered in Memphis, Tennessee, also said it would...

ZIM Integrated Shipping Services Ltd (NYSE: ZIM) might not capture the most headlines among financial media outlets, but over the past five years, the firm has captured epic gains for investors. Since February 2017, ZIM stock’s five-year return has outperformed several of the world’s...

The public markets saw a record number of IPOs and capital raised in 2021. Around 1,500 companies went public via traditional IPO, direct listing or via SPAC merger. Public listings in 2021 raised over $490 billion. Here is a look at the five best-performing IPOs of 2021. (The worst-...

Amazon.com, Inc. (NASDAQ: AMZN) said last week it expects to be the largest package delivery carrier in the U.S. by the end of 2021, if not in early 2022. The Amazon Analyst: Morgan Stanley analyst Brain Nowak has an Overweight rating and a $4,000 price target for Amazon shares. The Amazon...

In early August, Enovix Corp. (NASDAQ: ENVX) completed the installation of specialized equipment for a sophisticated production line in Fremont, California, and is gearing up to begin commercial production of batteries for mobile electronic devices in early 2022. The ocean congestion...

In early 2021, many market watchers called the beginning of a new commodities supercycle. There were plenty of positive signals: low rates, fiscal stimulus across developed economies and pent-up demand just as the world was emerging from COVID-19. The idea was that that demand for commodities...

A.P. Møller – Maersk made a minority investment in electrofuels production company Prometheus Fuels on Thursday. Maersk is not putting all of its eggs in one basket when it comes to alternative fuels. The company is considering biodiesel, alcohols, lignin-enhanced alcohols and ammonia as potential...

Snarled supply chains and lost production from factory closures due to COVID are dampening Nike Inc.'s revenue growth through a combination of lost sales and higher transportation costs.  Nike (NYSE: NKE) reported $12.25 billion in revenues for the quarter ended Aug. 31, a 16% gain from last year...

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of...

The logistics industry has experienced an undeniable technological revolution over the past several years. Companies across the supply chain are embracing technology to level up their businesses, automate tedious tasks and bolster their bottom lines. Still, the industry as a whole is relatively...