Freight Rates - Truenewj

BMO Credit Data Shows Little Improvement Despite Strengthening Freight Market

amefika1 week ago02 mins

Data from Canada’s BMO on trucking sector credit conditions for the bank’s second quarter suggests that the rebound in trucking rates has yet to significantly strengthen the finances of many of its customers. BMO, the former Bank of Montreal, is one of the largest lenders to the trucking sector. As a publicly traded company, its…

Trade volatility hits Hapag-Lloyd profits

amefika7 months ago02 mins

Hapag-Lloyd said nine-month profits fell as global trade disputes caused uneven demand and depressed freight rates. While the German ocean carrier’s total revenue improved to $16.05 billion from $15.28 billion in the same period a year earlier, the group’s profit fell to $946 million from $1.83 billion. “In the third quarter of 2025, profits improved…