Maersk draws up contingency plans for rail strike in Canada
With a 22 May deadline for Canada’s rail strike looming, Maersk has drawn up its ...
SEEKING ALPHA reports:
Jefferies initiated coverage on the Class 1 rail transportation sector on Monday.
Analyst Stephanie Moore views the rail industry as well within the maturity phase. “With just six competitors, the industry is at the end of a multi-decade consolidation story which was capped off with the merger of Canadian Pacific and Kansas City,” she noted. Moore said that while volumes have been in decline for the past decade, consistent above-inflation pricing, margin improvement, and share buybacks have driven a historical 10% EPS CAGR within the sector. Looking ahead, Moore thinks that with recent derailments in the news and lackluster volume performance during the COVID freight boom, railroad operators will be more focused on service improvements and volume growth going forward than cost-cutting and margin expansion.
The full post is here.
Canadian government invokes 'red tape rule' to prevent rail strike
A 'carrier-controlled market' as spot rates rise and capacity tightens
Carriers juggling capacity and port congestion 'taking us back to the dark days'
'Liner panic' as new container production hits a post-Covid peak
Vessel juggling leaves ocean alliances short of Asia-Europe capacity
Surging ocean waves sending ripples into airfreight
More checks and delays at Nhava Sheva after latest seizure of goods from China
California staff launch class action against Ceva over 'breaches of Labor Code'
Comment on this article