Freight

In: Finance

shaunl/iStock Unreleased via Getty Images Hapag-Lloyd (OTCPK:HPGLY) (OTCPK:HLAGF) shares surge 6% in German trading Wednesday after the shipping company raised its full-year profit outlook following a better than expected performance in H1 2024. The shipping company said it expects the year’s second half will top expectations thanks to recent strongContinue Reading

In: Finance

Gajus United Parcel Service (NYSE:UPS) announced on Sunday that it has entered into an agreement to sell its Coyote Logistics business unit to RXO (NYSE:RXO) for $1.025 billion. The transaction is expected to close before the end of the year. “As UPS positions itself to become the premium small packageContinue Reading