Now gauge the full downside with JB Hunt
And tech risk too rises
Repeat with me: quarterly 2023 vs 2022 (or 2021) comparisons are a waste of time.
Down
Proof of that came yesterday after the US market closed.
JB Hunt as usual opened the earnings season for intermodal and trucking within transport and logistics (T&L). And the headline numbers looked just as painful as they are incredibly reassuring.
Several bearish comments have highlighted its performance, the scary red arrows all across its P&L standing out, with: $3.23bn Q1 23 sales, down 7% quarterly; $277.5m operating income ...
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Resurgence of Somali pirates creates another 'danger zone' for shipping
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
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
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