Daily Archives: November 3, 2016

ArcBest Corporation® Announces Third Quarter 2016 Results

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  • Third quarter 2016 revenue of $713.9 million and net income of $12.9 million, or $0.49 per diluted share.
  • Third quarter ABF Freight® operating results were impacted by reduced freight levels.
  • ArcBest’s asset-light revenue equaled 31 percent of total consolidated revenue in September 2016 following a recent acquisition.

FORT SMITH Arkansas, November 3, 2016 – ArcBest Corporation® (Nasdaq: ARCB) today reported third quarter 2016 net income of $12.9 million, or $0.49 per diluted share, compared to third quarter 2015 net income of $19.2 million, or $0.72 per diluted share.  The continued softness in the U.S. industrial economy impacted freight tonnage levels and profit margins at ABF Freight.  ArcBest’s asset-light logistics companies were highlighted by improved revenue and operating profit at Panther.

Excluding certain items in both periods, ArcBest’s non-GAAP net income was $12.7 million, or $0.48 per diluted share, in third quarter 2016 compared to third quarter earnings of $20.2 million, or $0.76 per diluted share, last year.

“As we have seen throughout the year, pricing in the less-than-truckload sector remained rational despite a soft economic environment and we continued to experience benefits from investments in new equipment,” said ArcBest Chairman, President and CEO Judy R. McReynolds. “In addition, we continued to expand our asset-light logistics service offerings with the acquisition of Logistics & Distribution Services, as we add further scale to the full supply chain solutions our customers are seeking.”

Read more at abfs.com

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4PX Global Postal Services: Singapore Post

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With the trust we have earned from our numerous customers and over 20 years logistics experience, 4PX have developed our own Post-link service and close cooperation with SG Post, HK Post and China Post to offer more choices and benefits to our customers. The postal services with low rate are Registered Mail, Ordinary mail and EMS.

Singapore Post

Singapore Post Limited (SingPost) is a leading provider of mail, logistics and retail solutions in Singapore and the Asia Pacific region. Whereas 4PX is the exclusive agent of Singapore Post.Available products with 4PX are EMS, Ordinary airmail parcels service and Registered parcels service.

Benefits

  • Lowest cost
  • Track and trace available
  • No minimum charges for registered mail and ordinary mail
  • No return cost
  • No chargeable weight for EMS
  • Global reach
  • Wide range of products to be shipped”

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4PX Global Postal Services: 4PX POST-LINK

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With the trust we have earned from our numerous customers and over 20 years logistics experience, 4PX have developed our own Post-link service and close cooperation with SG Post, HK Post and China Post to offer more choices and benefits to our customers. The postal services with low rate are Registered Mail, Ordinary mail and EMS.

4PX POST-LINK

Post-link is one of 4PX innovative services, which takes advantage of 4PX overseas resources to ship cargos from China to destination country by direct fly and finish last mail delivery by local post and courier service. At present, Post-link provides three kinds of services: Registered Mail, Ordinary Mail and Air Mail Parcel.

Benefits

  • In time delivery, 4-10 days
  • Lower cost
  • Tracable
  • Reliable
  • Customer-orientation

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Maersk Line reports a third quarter loss of USD 116 million

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Maersk Line’s average freight rate decreased by 16% year-on-year, but was up 5.5% compared to previous quarter.

  • The Q3 2016 loss of USD 116 million is USD 380 million lower than Q3 2015 (USD 264 million)
  • Revenue was USD 5,359 million – 11% lower than Q3 2015 (USD 6,018 million)
  • Maersk Line’s average freight rate decreased by 16% compared to Q3 2015. But increased 5.5% compared to the last quarter, Q2 2016
  • Maersk Line’s volumes grew by 11% to 2,698k FFE (2,427k FFE)
  • Return on invested capital was -2.3% (5.2%) and below target
  • Unit cost decreased by 13.8%
  • EBIT-margin gap to peers is 8%-points for Q2 2016 – in line with +5%-points target
  • Maersk Line still expects an underlying result significantly below last year (USD 1.3bn) and specifically a negative underlying result for 2016

Maersk Line reported a third quarter (Q3) 2016 result that is USD 380 million lower than Q3 2015. The overriding reason for the loss is decline in freight rates compared to Q3 2015. Revenue in Q3 was USD 5,359 million, which is 11% lower than Q3 2015 (USD 6,018 million).

Volumes were 11% higher as Maersk Line was able to win market share. Amongst others due to increased volumes following, Hanjin’s court receivership filing, increasing customer focus on financially solid carriers and increased volumes on back haul services.

Maersk Line’s capacity grew 3.8%. Maersk Line continues to manage capacity tightly resulting in high utilisation.

Read more at www.maerskline.com

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