Canadian National Railway said net income increased by 156% to C$2.61 billion ($2.12 billion) in the fourth quarter from a year ago while earnings per share soared by 164% to C$3.48 ($2.82) on changes to the U.S. corporate tax rate that saw a deferred income tax recovery of C$1.76 billion, or C$2.35 per share.
The majority (56%) of airline chief financial officers and heads of cargo expect their profitability levels to improve further over the coming 12 months. An early January 2018 survey for the IATA Airline Business Confidence Index saw the passenger and cargo executives indicate an improvement in year-on-year profitability in the final quarter of 2017 compared […]
Chinese e-commerce and technology company Alibaba Group Holding Ltd and U.S. grocer Kroger Co have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said.
White House spokeswoman Sarah Sanders said a stable U.S. dollar reflects the strength of the world’s largest economy and reiterated President Donald Trump’s support for market-determined exchange rates.
Canadian negotiators at the NAFTA talks on Wednesday unveiled ideas to address contentious American demands for revamping the 1994 pact while Prime Minister Justin Trudeau urged top U.S. executives to back free trade.
Last March, Royal Dutch Shell said it was selling most of its stake in Canada’s oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling. The oil and gas giant announced that it was unloading its oil-sands assets, […]
Although spot rates recovered in the Asia-US East Coast trade in the past few weeks, on the back of a demand growth in 2017, they remain well below the same period last year, according to Drewry.
The freight rail associations representing Mexico, the United States and Canada, sent a joint letter to negotiators ahead of the sixth formal round of North American Free Trade Agreement (NAFTA) discussions being held in Montreal, Quebec, Jan. 23-28.
Logistics industry executives expect emerging markets to grow this year at their fastest rate since 2013, according to the latest Agility Emerging Markets Index. The annual index, which is put together by logistics firm Agility and consultant Transport Intelligence (Ti), includes a survey of the expectations of 500 logistics industry executives. For the year ahead, […]
The U.S. is poised to take the title of world’s largest oil producer this year. According to the latest report from the International Energy Agency (IEA), “this year promises to be a record-setting one for the US,” with the potential of surpassing the output of Saudi Arabia and Russia. The rapid increase in U.S. production […]
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