Comment / A defensive earnings season & the US LTL freight backdrop

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This earnings season has been reinvigorating in the transport and logistics (T&L) industry.

Publicly listed ocean and air freight forwarders shone on the stock markets, where applicable (Expeditors is out tomorrow), while asset-heavy ocean carriers held up and pax business’s air cargo is healing, although air cargo rates stalled at peak Covid.

Yet one fast-growing T&L product in the US has been on the radar after a buoyant pandemic, due to its strategic merits as part of a diverse trucking portfolio (however light or ...