Louisiana’s Patchwork of Parish Heavy-Load Permits Is a Hidden Tax on Freight
Published . Updated .
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This report is about container shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF
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
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.
- 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.
- MATX Matson
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- GSL Global Ship Lease
Global Ship Lease (deep sea foreign transportation of freight): 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 | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| IYT | +1.47% | -3.41% | base | +0.08% | after close | after close | after close |
| ZIM | +1.49% | -0.50% | base | +3.08% | after close | after close | after close |
| DAC | +3.59% | +0.56% | base | +0.45% | after close | after close | after close |
| MATX | +1.77% | +2.30% | base | +2.65% | after close | after close | after close |
| GSL | -5.11% | -7.62% | base | -0.28% | 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.
Louisiana’s Patchwork of Parish Heavy-Load Permits Is a Hidden Tax on Freight Pelican Institute
Source: Pelican Institute
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | +4.90% | still updating |
| BWET | three days earlier | +29.19% | final price |
| BWET | five days earlier | +35.67% | final price |
| DAC | that day | +0.45% | still updating |
| DAC | three days earlier | +0.56% | final price |
| DAC | five days earlier | +3.59% | final price |
| GSL | that day | -0.28% | still updating |
| GSL | three days earlier | -7.62% | final price |
| GSL | five days earlier | -5.11% | final price |
| IYT | that day | +0.08% | still updating |
| IYT | three days earlier | -3.41% | final price |
| IYT | five days earlier | +1.47% | final price |
| MATX | that day | +2.65% | still updating |
| MATX | three days earlier | +2.30% | final price |
| MATX | five days earlier | +1.77% | final price |
| ZIM | that day | +3.08% | still updating |
| ZIM | three days earlier | -0.50% | final price |
| ZIM | five days earlier | +1.49% | final price |
How solid the shipping case looks
12 out of 100Price not final
“Louisiana’s Patchwork of Parish Heavy-Load Permits Is a Hidden Tax on Freight” scores 12 out of 100. The score uses 1 sources. The price is not final yet.