Cargo-Shipping Stocks going bats After Hours.

SunTrader said:
For how long now has it been booming?

Shipping is historically known to have great booms and greats busts over long periods of time.
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As soon as the economy started bouncing back this passed summer. The market is rather tight right now in terms of logistics capacity. The downturn took a lot of FTL (full truck load) carriers out of the market so those that are remaining are doing very well. This is also good for rail because a tight FTL market makes rail an attractive alternative. These conditions typically last 12 to 18 months.
 
fan27 said:
As soon as the economy started bouncing back this passed summer. The market is rather tight right now in terms of logistics capacity. The downturn took a lot of FTL (full truck load) carriers out of the market so those that are remaining are doing very well. This is also good for rail because a tight FTL market makes rail an attractive alternative. These conditions typically last 12 to 18 months.
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The BDI is for ocean borne worldwide cargo. Not rail and road and not US specific either. BDI hasn't turned ... yet. At least as far as I see.
 
SunTrader said:
The BDI is for ocean borne worldwide cargo. Not rail and road and not US specific either. BDI hasn't turned ... yet. At least as far as I see.
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BDI tracks raw materials. I know for a fact ports are jammed packed which is why carriers are doing very well.
 
fan27 said:
BDI tracks raw materials. I know for a fact ports are jammed packed which is why carriers are doing very well.
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Sorry. BDI is complied from ocean global cargo rates. Not raw materials. I worked many years in the OCEAN shipping industry directly. Not in logistics, not in IT. Ship owners - liners, voyage and time charters.
 
Cabin111 said:
Just wondering if you have this on your list? Thoughts...
Matson, Inc. (MATX)
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No I do not. Matson is a US flag company and because of that a special case different from flagged cargo vessels/lines from other nations.

Looks good though been breaking out to alltime highs so something positive, to say the least, has been happening.
 
very difficult to get 40 foot containers and costs have x2 or x3 from earlier this year...cant even confirm bookings for Dec or Jan ...crazy stuff..
 
That does not correlate with ocean freight bookings I hear from OOCL and Maersk and many others on global shipping routes. Maybe your broker is pretty US centric? What you probably mean is that many ocean terminals at the US operate at or above peak capacity but that is a very misleading metric because many ports in the US currently are completely underutilized. For example the largest port in the US which is Port of LA operates currently at a 80-85 percent utilization. In a nutshell when you bottleneck an operation and only operate at a fraction of possible utilization then those who work and operate or working at max or above max capacity to make up or at least alleviate the underutilization.

fan27 said:
I work IT for one of the largest freight brokerages in the US and business is absolutely booming!
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