K+N CEO Paul by the book – 'better to be safe than sorry'
Sheltering
“Call the bank on Monday.”
Here we go
CPI numbers from the US yesterday, 12 October, coming in slightly above expectations, were the classic only-partly-true ’non-event’ for Mr Market.
The benchmark index trifecta – Dow, S&P 500, and Nasdaq Composite – ended up in negative territory (-0.5%/-0.6%), however the damage was felt in transport and logistics (T&L), gauging by the performance of several different tickers in our demo-only US-focused portfolio (Tab.1).
Risk
It could get worse.
Two factors stand out as evidence for a very harmful ...
Freight rates will stay high next year – no respite for shippers, predicts Drewry
Carriers battle for market share as demand falls and alliance shuffle looms
Rates still slipping as peak season recedes and port strike threat subsides
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
Delhi taking the lion's share of India's new air cargo capacity
Comment on this article