More than a few moving parts remain intact, when it comes to the interaction between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, now the DSV has upped its offer for Panalpina and a separate party, Agility, is in talks with Panalpina about "partnership opportunities."
The right labeling solution will allow companies to stand up to their everyday challenges and add value.
For December, the most recent month for which data is available, the TCI came in at 11.46, a significant increase over November’s 5.84 and October’s 3.17. FTR said strong sequential volume gains, as well as a favorable fuel environment paced this growth.
Rail carloads, at 242,266, fell 3.3% compared to the same week a year ago, and intermodal containers and trailers, at 277,513 units, saw a 3.4% annual gain.
Fourth quarter revenue, at $4.39 billion, was up 4.6% annually, and net income attributable to common shareholders came in at $84 million compared to $189 for the same period a year ago, including a $173 million net benefit related to U.S. tax reform. Adjusted EBITDA for the quarter rose 11.4% to $380 million, and XPO generated cash flow from operations of $566 million and $479 million in free cash flow. Earnings per share, at $0.72, topped $0.45 a year ago. Full-year 2018 revenue was up 12.3...
December retail sales, at $505.8 billion, were down 1.2% compared to November’s revised $512.2 billion (from $513.5 billion). While December retail sales saw a sequential decline, Commerce reported they were up 2.3% compared to December 2018. Total 2018 retail sales headed up 5% annually, to $6 trillion, according to Commerce, and total retail sales for the fourth quarter increased 3.7% annually.