OOCL loses market share on Asia-EU, but soaring rates prop up top line
The impact of soaring spot freight rates made itself felt on OOCL’s top line after ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
“The intra-Asia trade route, which is a brick in the trade foundation, is manufacturing less. Time for a fortification plan.” So notes Freightwaves, pointing out that the trade is indicative of US retail sales. “Year-on-year growth is … dismal. This tells the story of more hardship ahead, which would translate into fewer containers being exported out of China to the United States and around the world.” Low volumes intra-Asia proves that retailers are not expecting ‘back to normal’ any time soon, noted the article. So put that champagne back on ice.
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