CH Robinson: freight market update – April 2024
Sourced from CH Robinson, updated 18 April 2024. Top story: Supply and demand imbalance continues to ...
One year ago, Expeditors traded in the high $70s a share, well above its current market value – which recently fell, unluckily, mainly due to headline risk, rather than fundamentals.
Before the market opens today, it reports its second-quarter (Q2) trading update, which essentially closes the earnings season for the 3PLs on our radar in the Western world.
“So far so good” doesn’t apply here, unfortunately, although some of the majors managed to weather the storm in the first six months of ...
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
Hong Kong drops out of world's top 10 busiest container ports
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
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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