At around 12.00 EST, SEEKING ALPHA reports today: – Stocks are rallying again, led by tech today, as money moves back into risk. – The Nasdaq (COMP.IND) +2.8% leads the major averages. – Intel is popping on its plan to publicly list Mobileye. – Apple is gaining as it gets another $200 price target. It’s the megacap that has held...
December 6, 2021 by Choice Aviation Services0Air Cargo
PRESS RELEASE Knight-Swift Expands Its Less-Than-Truckload Footprint in 15 States Through the Acquisition of Midwest Motor Express December 06, 2021 09:00 AM Eastern Standard Time PHOENIX–(BUSINESS WIRE)–On Monday, December 6, 2021, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift,” the “Company,” “We,” or “Our”), through one of its wholly owned subsidiaries, acquired 100% of RAC...
BLOOMBERG reports: Goldman Sachs Group Inc. economists cut their forecasts for the U.S. economy this year and next after deciding the spread of the omicron strain of the coronavirus would exert a “modest downside” drag on growth. In a weekend report to clients, economist Joseph Briggs said Goldman Sachs now expects U.S. gross...
December 4, 2021 by Choice Aviation Services0Air Cargo
PitchBook’s Cameron Stanfill, CFA writes: VC-backed IPOs are booming, yet public performance this year is lagging Has 2021’s ramp-up in IPO activity been a rush to the exits prior to a change in the market cycle? Is it just the new normal? Time will tell, but one thing is certain: US VC-backed IPOs have broken all...
ZERO HEDGE writes: What a shitshow! It appears that the Hindenburg Omen struck again… (…) Omicron anxiety? Good news is bad news? Taper Tantrum? Technical Default fears? It was all going so well as long as ‘gurus’ could rely on The Fed do support the market with the promise of moar. But sometimes, things...
As it continues to drive its container line services towards a high majority of long-term contract business, Maersk has introduced six different types of agreement for the 2022 tender season. The launch of the new contract options comes as rumours persist that Maersk and subsidiary Hamburg Süd will spurn forwarder bookings next...
Ocean carriers face ‘Hobson’s choice’ on the containership charter market: agreeing to owners’ hugely inflated daily hire rates or risking losing the vessel to a competitor. Hapag-Lloyd has just agreed a three-month charter commencing in January of the 4,253 teu Synergy Oakland for an eye-watering $130,000 a day from Greek non-operating owner...
SUPPLY CHAIN DIVE reports… Dive Brief: – The Federal Trade Commission will order nine major retailers, wholesalers and CPGs to hand over data on supply chain challenges to “shed light on the causes behind ongoing supply chain disruptions,” the agency said Monday. – The nine companies are Amazon, Associated Wholesale Grocers, C&S Wholesale Grocers, Kraft...
China’s quarantine rules for seafarers are set to cause a big drop in Pearl River Delta feeder capacity in the run-up to Chinese New Year (CNY) in February. Both ONE and Hapag-Lloyd have issued advisories warning of disruption from late December to mid-February, after feeder operators announced service suspensions due to a...
Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year, but thereafter the jury is out on the direction of the spot market. And this adds an element of risk for shippers signing up to new and expensive long-term contracts. However, the fear of...
