Q1 industrial real estate activity sees continuation of strong market conditions, reports JLL

Data issued today by Chicago-based industrial real estate firm JLL highlighted very strong fundamentals for the U.S.-based industrial real estate market, for the first quarter. In its “U.S. Industrial Outlook: Q1 2022,” JLL observed various takeaways reflecting how competitive market conditions continue to give landlords what JLL Senior Director Mehtab Randhawa called the edge in… Continue reading Q1 industrial real estate activity sees continuation of strong market conditions, reports JLL

GXO Logistics posts strong Q1 2022 earnings results

First quarter 2022 earnings for Greenwich, Conn.-based global contract logistics services provider GXO Logistics saw strong results, the company reported earlier today. This was GXO’s third standalone earnings release since it was spun off from XPO Logistics in August 2021. GXO reported that first quarter revenue saw a 14% annual gain, to $2.1 billion. Net income… Continue reading GXO Logistics posts strong Q1 2022 earnings results

April Services PMI is off from March but still is strong, reports ISM

While coming in slightly below March’s levels, services economy activity, for the month of April, remained strong, according to the most recent edition of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM). The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came… Continue reading April Services PMI is off from March but still is strong, reports ISM

U.S.-bound import volumes are expected to remain strong, says Port Tracker report

United States-bound retail container imports are starting to get caught up to the months-long run stretch of backlogs, while the possibility of a summer surge looms, according to the most recent edition of the Port Tracker report, which was issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates. The ports surveyed… Continue reading U.S.-bound import volumes are expected to remain strong, says Port Tracker report

Flash Battery celebrates strong 2021 revenue

Flash Battery’s revenues for 2021 amounted to €17.3m, up 25% on the previous year, meaning that the company has consolidated its leadership role in the production of lithium batteries for industrial machines and electric vehicles. With 2020 having seen a 5% growth in revenues despite a slowdown in production in the first half of the… Continue reading Flash Battery celebrates strong 2021 revenue

Services economy trends down in February while growth remains strong

February services economy activity remained on the right side of growth, although it declined compared to January, according to the February edition of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM). The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 55.1(a reading… Continue reading Services economy trends down in February while growth remains strong

GXO Logistics posts strong Q4 and calendar year 2021 earnings

Fourth quarter and calendar year 2021 earnings for Greenwich, Conn.-based global contract logistics services provider GXO were very strong, the company reported earlier today. This was GXO’s second standalone earnings release since it was spun off from XPO Logistics in August 2021. GXO reported fourth quarter revenue came in at $2.3 billion, marking a 28%… Continue reading GXO Logistics posts strong Q4 and calendar year 2021 earnings

Old Dominion Freight Line turns in very strong Q4 earnings

Thomasville, N.C.-based less-than-truckload (LTL) carrier Old Dominion Freight Line (ODFL) announced very strong fourth quarter earnings this week. “The strength of Old Dominion’s fourth quarter financial performance resulted in new Company records for annual revenue and profitability,” said ODFL President and CEO Greg Gantt in a statement. “Our financial results for the quarter—and the year—continue… Continue reading Old Dominion Freight Line turns in very strong Q4 earnings

UPS posts strong Q4 and calendar year 2021 earnings results

Fourth quarter and calendar year 2021 earnings results issued today by Atlanta-based global transportation and logistics services bellwether were strong amid a challenging environment. Quarterly revenue—at $27.8 billion—saw an 11.5% annual gain, and adjusted earnings per share—at $3.52—marked a 35% annual gain, topping Wall Street expectations of $3.08 per share. Quarterly operating profit was up… Continue reading UPS posts strong Q4 and calendar year 2021 earnings results