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Keyword: freightwaves

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  • Trucking Stocks Massacred After Target Warns Of $1 Billion In Incremental Freight Costs

    05/18/2022 12:29:32 PM PDT · by blam · 48 replies
    Zubu Brothers ^ | 5-18-2022
    Remember when freight, trucking and logistics data provider Freightwaves warned at the last day of April that a freight recession was imminent and was set to cripple the trucking sector and broader economy (prompted Jim Cramer to declare that “Mr Freightwaves” knows nothing). Well, as always, Cramer was wrong and Freightwaves was right, and today we are seeing nothing short of bloodbath in the trucking and logistics space, where stocks have plunged the most in over six weeks amid weak outlook from several retailers, including Target, which just like Walmart plunged the most since 1987 as inflation crippled its profit...