'Tariff today, gone tomorrow' taking transpac box trade to the brink
Is Trump taking us back to tramp shipping?
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
Despite being quizzed by the US Surface Transportation Board following a flurry of customer complaints, US rail operator CSX is not heading towards the abyss, argues Seeking Alpha. The carrier has faced strong criticism as new chief executive Hunter Harrison enacts his precision scheduled railroading model, with the process resulting in significant reductions in train speed. While acknowledging this, Seeking Alpha argues that the carrier is up against very little competition – effectively either rival railroad Norfolk Southern or trucking – and the cost-cutting measures being employed have led to great margin expansion. This, it continues, trumps market share and operational efficiency declines.
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