Category: Investment, Shipping
Logistics Stocks Snapshot; CHLO, ECHO, SSW, XPO
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News about: Seaspan Corporation
Point Roberts, WA - March 6, 2013 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors Issues a snapshot for logistics stocks. Reporting stocks within the sector have shown increased revenue growth in spite of a sluggish global economy.
Seaspan Corporation (NYSE: SSW) , trading at $20.29, up 0.61 or 3.10% as of 1:16PM EST was featured in a Motley Fool Blog- Two Logistics Stocks Set to Outperform the Market. The Company reported earnings yesterday, noting revenue increased by 8.8% and 16.8%, respectively, for the quarter and year ended December 31, 2012 over the prior year's comparable periods.
In February microcap company China Logistics ( OTCQB: CHLO), an international freight forwarder and logistics management company, reported that management sees strong growth in volumes for its four largest international routes to Europe, United States, Middle East and Southeast Asia.
In the first 9 months of 2012 ending September 30 th, 2012, the total freight volume arranged by China Logistics from its Shanghai location to Europe, United States, Middle East and Southeast Asia was approximately 3,000 TEU or, twenty foot equivalent units, generating revenues of approximately $6,700,000 and gross profits of $1,200,000. Management sees a growth of 20% to 30% for the company through these four major international routes in 2013 which is expected to significantly improve overall financial performance over the course of this year.
Echo Global Logistics, Inc. (NasdaqGS: ECHO) is trading at $19.79, up 0.22 or 1.12% as of 1:23PM EST
XPO Logistics, Inc. (NYSE: XPO) is trading at $17.08, currently down 0.27(1.56%) 1:26PM EST with a morning high of $17.42. On February 27, 2013 XPO Logistics, Inc. announced financial results for the fourth quarter and full year 2012. For the fourth quarter of 2012, total revenue was $108.5 million, a 146.1% increase from the same period the prior year. Gross margin dollars increased 118.4% year-over-year to $15.7 million, and gross margin percentage was 14.4%.
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