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The EU ETS is expected to keep impacting shipping both in the near and in the long term, following the latest gas price increases. In its latest weekly report, shipbroker Intermodal said that “the EUA market maintained its upward trend in August, despite the quieter trading conditions and lower liquidity that typically characterize the holiday ...
Canada Post announced on Friday that it plans to introduce weekend parcel delivery in three major cities later this year, part of a plan to modernize its business model and capture more parcel business from electronic retailers as it tries to return to profitability. The postal carrier credited this year’s resolution of a drawnout labor dispute with restoring customer confidence in the second quarter, which sparked an early-stage recovery of parcel business and helped reduce the pre-tax loss by a third to US$199.7 million. The state-owned company also said it reduced costs by 6.3% during the q
In what might be the last publication of a revealing look at the credit conditions in the trucking industry, the quarterly earnings of bank BMO released Tuesday showed the stronger freight market impacting its numbers. BMO, the former Bank of Montreal and one of the largest lenders to the trucking industry, has announced its plans to sell its transportation unit to private equity firm Stonepeak in May. The deal is expected to close before the end of the year; the next earnings release for BMO is scheduled for December 2. While net writeoffs in the third quarter ended July 31 were barely change
#fwtv_q6TlMLWRgaI .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_q6TlMLWRgaI .fwtv-panel p{margin:0 0 12px}#fwtv_q6TlMLWRgaI .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The trucking industry is losing a critical source of credit insight as BMO sells its transportation finance unit. FreightWaves’ John Kingston, who pioneered tracking BMO’s unique data, reveals how trucking credit quality is finally strengthening just as this transparent data source disappears. He also dives into rising diesel p
Credit terms, not commission, are becoming the competitive battleground for brokerage desks.
Gunvor closes $1.366B sustainability-linked revolving credit facility Dealroom
Sri Lanka bunker fuel demand falls on barge shortage, tight credit S&P Global
News Sky-high bunker prices force suppliers to boost credit for major liners The Loadstar
Commodity Traders Seek Billions in Credit Sharecafe
Trafigura in Talks With China’s ITG to Set Up Credit Fund Bloomberg
ProFloresta+ Call for Proposals Exceeds Expectations and Receives 16 Carbon Credit Sale Proposals Agência Petrobras de Notícias
The Malta-based commodity trader has expanded its total credit capacity to over $1 billion through a new inventory financing agreement aimed at bolstering supply chains.
