-
FreightWaves 3PL Summit: Innovation Drives J.B. Hunt 360 Platform
Tuesday, July 21, 2020 - 1:29pm | 678Listening and adapting to customers' and carriers' needs through innovation is key to the continued growth of J.B. Hunt Transport Services' (NASDAQ: JBHT) 360 multimodal digital freight marketplace platform "If you think about what 360 is for – it's really to create the most efficient...
-
How Shippers And Carriers Can Future-Proof Themselves
Tuesday, May 12, 2020 - 4:27pm | 111JT Engstrom, Chief Strategy Officer, FreightWaves, interviews Ricardo Salgado, the Founder, and CEO of Loadsmart, during FreightWaves LIVE @HOME. Apple Podcasts Spotify Rewatch the LIVE stream More FreightWaves Podcasts
-
Radiant Logistics Slows Pipeline For Acquisitions
Tuesday, May 12, 2020 - 12:02pm | 679Radiant Logistics Inc (NYSE: RGLT), the acquisitive West Coast company, is dialing back its merger and acquisition efforts. Regarding the company's third-quarter earnings — its fiscal year begins July 1 — Bohn Crain, Founder, and CEO said in a release that Radiant came into the quarter with a plan...
-
An Empty Rally? Shipping Stocks Make A Low Float Comeback
Wednesday, March 27, 2019 - 1:54pm | 634It was smooth sailing for a while, but extreme volatility has returned to shipping stocks. Big moves in several shipping stocks this week is likely due to their extremely low float. Ironically, the potential trigger for the volatility may have been a shipping stock that is no longer involved in the...
-
ESC Calls For Transitional Period After No Deal Brexit
Thursday, December 27, 2018 - 4:14pm | 474The European Shippers' Council has called for a transitional period even if there is a no deal exit from the European Union for the United Kingdom. Britain's House of Commons is due to vote on the Government's Brexit proposals during the week beginning 14 January with the expectation by...
-
Digital Broker Transfix is Trying to Raise a Series D at an $800M Valuation
Monday, December 24, 2018 - 11:14am | 1628New York based Transfix has been soliciting investors for a $60-100M Series D venture-round at an $800 million valuation. If the company is successful in closing the round, it will be a signficant outlier in terms of revenue multiples put on digital brokerages in the space. The company has been...
-
Buy The Dip In Safe Bulkers, Seaport Global Says In Upgrade
Tuesday, July 31, 2018 - 4:08pm | 400Safe Bulkers, Inc. (NYSE: SB) shares have leaked 15 percent since early June, and investors should buy the dip, according to Seaport Global. The Analyst Seaport Global's Magnus Fyhr upgraded Safe Bulkers from Neutral to Buy with a price target lifted from $3.50 to $5. The...
-
DryShips Announces Offering And Shippers Are Crashing Back To Earth
Thursday, November 17, 2016 - 11:46am | 338The clock appears to have struck midnight on the shipping fairytale that sent DryShips Inc. (NASDAQ: DRYS) soaring more than 1,500 percent in roughly a week. The company announced a registered direct offering to raise roughly $20 million. The company says the cash will be used to pay down some...
-
Dry Bulk Shippers: No Strangers To Volatility
Wednesday, November 16, 2016 - 11:13am | 409Dry shipping stocks have been on fire since the election, led by DryShips Inc. (NASDAQ: DRYS). DryShips has experienced one of the most spectacular shot squeezes of all time, gaining more than 2,000 percent in just over a week. The stock was halted in pre-market trading on Wednesday. According...
-
Iceberg Ahead? The Massive Rally In Shipping May Be A Function Of Brokerage Issues, Not Fundamentals
Tuesday, November 15, 2016 - 3:14pm | 564A number of stocks, led by DryShips Inc. (NASDAQ: DRYS), have delivered mind-boggling gains in the week since Donald Trump’s victory in the U.S. elections. The SPDR S&P 500 ETF Trust (NYSE: SPY) is up just 1.4 percent since the election, but DryShips has exploded more than 1,530 percent...
-
Shipping Expert On Current Situation: 'Holy Scrap!'
Monday, February 22, 2016 - 2:08pm | 271Deutsche Bank said total dry bulk capacity declined by almost 1 million tons (net) last week as the pace of deliveries slowed and scrapping remained elevated. The weekly decline is the first of the year and marks an important psychological milestone given stubbornly persistent supply growth in...
-
U.S. Oil Exports Could Help Shippers, Too
Thursday, October 8, 2015 - 9:47am | 335Republicans in Congress have been working to pass a bill that would lift a ban that keeps U.S. crude producers from exporting oil to foreign nations. The bill would give U.S. producers some much needed relief after a rollercoaster year of volatile crude prices and underwhelming demand. However,...
-
National Bank Of Greece, Shippers Selling Off… Except For Euroseas
Monday, July 6, 2015 - 12:03pm | 324As expected, shares of Greece-based companies were trading lower for the most part on Monday. Shippers Mostly Lower Shares of Capital Product Partners L.P. (NASDAQ: CPLP), one of the largest Greek-based shipping companies by market cap were trading lower by 0.90 percent late Monday morning....
-
Go Global for Profits
Monday, September 23, 2013 - 10:59am | 800Investors often suffer from home-team syndrome. US investors are particularly guilty of looking at only the stocks located in their home markets and ignoring the rest of the world. The truth is that while something on the order of 11,000 stocks trade here in the United States, shares of more than...