Cross-border truck freight values soar. Where are the loads?
Published . Updated .
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Cross-border truck freight is worth far more than a year ago, but trucks aren’t hauling much more of it. Here’s what’s behind the gap.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services+4.7% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-3.2% 13d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- KEX Kirby-7.3% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | +16.99% | -9.44% | base | +6.51% | after close | after close | after close |
| IYT | -3.11% | +0.31% | base | +0.16% | after close | after close | after close |
| ZIM | -4.43% | -3.95% | base | -0.09% | after close | after close | after close |
| MATX | -0.66% | -2.89% | base | -1.89% | after close | after close | after close |
| DAC | -2.29% | -2.83% | base | -0.55% | after close | after close | after close |
| KEX | -5.74% | -3.31% | base | +0.74% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Cross-border truck freight values soar. Where are the loads? Land Line Media
Source: Land Line Media
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | +6.51% | still updating |
| BWET | three days earlier | -9.44% | final price |
| BWET | five days earlier | +16.99% | final price |
| DAC | that day | -0.55% | still updating |
| DAC | three days earlier | -2.83% | final price |
| DAC | five days earlier | -2.29% | final price |
| IYT | that day | +0.16% | still updating |
| IYT | three days earlier | +0.31% | final price |
| IYT | five days earlier | -3.11% | final price |
| KEX | that day | +0.74% | still updating |
| KEX | three days earlier | -3.31% | final price |
| KEX | five days earlier | -5.74% | final price |
| MATX | that day | -1.89% | still updating |
| MATX | three days earlier | -2.89% | final price |
| MATX | five days earlier | -0.66% | final price |
| ZIM | that day | -0.09% | still updating |
| ZIM | three days earlier | -3.95% | final price |
| ZIM | five days earlier | -4.43% | final price |
How solid “Cross-border truck freight values soar. Where are the loads?” looks
12 out of 100Price not final
“Cross-border truck freight values soar. Where are the loads?” scores 12 out of 100. The score uses 1 sources. The price is not final yet.