Analysis: Expeditors – the 'Trump trade' impact
Sifting through the filings
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
Expeditors, which is eyeing the Europe and Asian markets more closely, has reported strong third-quarter results. Air freight volumes rose 15% in September, giving it a year-on-year increase for the quarter of 12%, while sea freight revenues grew 14.3%. But the company played down confidence for the last quarter of the year. And its shares fell after Credit Suisse downgraded the company, claiming “a combination of structural and cyclical headwinds” would hinder earnings growth.
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