Solid interims plus insight from Prologis – Asian 3PLs, inventory & data centres
More of the same but more of the rest too
If you have closely followed recent developments concerning Auckland’s Mainfreight (MFT), as we duly have…
… you’d know that yesterday, 9 November, was crucial for its would-be value-accretive narrative. And as so often happened in the past on results day – this time it was the turn of fiscal H1 24 to the end of September – Mainfreight delivered the goods, sealing a majestic rally (click to expand the table above) after several mixed sessions when it was looking for direction. ...
Freight rates will stay high next year – no respite for shippers, predicts Drewry
Rates still slipping as peak season recedes and port strike threat subsides
More cargo chaos at Chittagong Port as transport operators strike
A Trump presidency would put pressure on ocean rates and Asian exports
DP World buys 47,000 teu of containers to boost 'end-to-end' ambitions
Europe's logistics operators tighten security after alert by UK counter-terror services
Trump tariff threat and China downturn will make CNY 2025 'different'
Air cargo market enjoys some calm before an expected Q4 storm
Comment on this article
chris dunphy
November 12, 2023 at 12:27 amMFT tracks DSV and their respective dominance in home markets means that they will track the strength of these economies. NZ is in recession, politicians & economists can argue whether this is technical or otherwise, but demand is down and confidence remains low. This will make it hard for MFT to outperform.