US intermodal picking up steam as trucking woes continue
After a long trough of sluggish performance, US intermodal traffic is growing, and the market ...
SEEKING ALPHA reports:
– J.B. Hunt Transport (JBHT -1.9%) tumbles as much as 3% after J.P. Morgan downgrades shares to Underweight from Neutral with a $150 price target, trimmed from $169, saying the stock is highly correlated with spot truckload rate momentum, which turned negative in early July.
– J.P. Morgan analyst Brian Ossenbeck says J.B. Hunt trades a record premium to full truckload equities, but the stock’s valuation is “at risk for relative underperformance, not a 2018 type of collapse.”
The full post is here (free reg. is required).
The rise and rise of China's ecommerce platforms
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
DSV chief reticent on Schenker: the focus on growing market share
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
Another strong month for US ports as container flows continue to rise
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article