Half+ of freight companies don’t see Trump’s win as a catalyst to restock amid tariff risk

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Nov. 18, 2024 1:01 PM ETBreakwave Dry Bulk Shipping ETF (BDRY), SEAFDX, UPS, CHRW, EXPD, FWRD, HUBG, ATSG, XTN, JETS, GXO, BOATBy: Monica L. Correa, SA News Editor
Generic Cargo Container Ship at Sea

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Freight stocks rose after Donald Trump’s victory as investors were staying on the sidelines until the election outcome was clear, said Michael Wilson, chief U.S. equity strategist and CIO for Morgan Stanley, in a note.

Freight analyst Ravi Shanker also


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