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It was last week when we flagged weakness in transport and logistics (T&L) for a couple of noticeable laggards on the stock market this year – enough said, I guess you spotted the new 52-week lows for UPS and JB Hunt.

The latter, in fact, looks particularly vulnerable even at current, depressed levels as intermodal and truckload still struggle in a down cycle with little sign of land transport capacity being materially taken out of the market, while pricing dynamics remain ...

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