Hints and tips:
...Wall Street’s S&P 500 index fell 0.6 per cent, with technology the worst-performing sector....
...Wall Street’s S&P 500 index fell 0.6 per cent, with technology the worst performing sector....
...JB Hunt, which is a big old capital-intensive diesel-burning trucking company that owns its own trucks, earned 11 per cent (and that was its worst year in more than two decades; trucking is in a slump)....
...The S&P 500 gained 0.2 per cent on Friday, to take its weekly advance to 2.5 per cent. The technology-heavy Nasdaq Composite ended fractionally lower, and gained 3.2 per cent across five sessions....
...“Simply stated, we’re in a freight recession,” said Shelley Simpson, chief executive of trucking group JB Hunt, on a recent earnings call....
...At the moment of maximum danger, the markets will be rescued just as Messrs Kirk, Spock and McCoy would be “beamed up” to their ship in the face of a Klingon attack....
...Bespoke Research points out that Meta — after losing about one-fourth of its market cap on Wednesday — now has a less-than-1-per-cent weighting in the S&P 500, its smallest weighting since 2014....
...That is significantly higher than the $109mn analysts had been predicting, according to data from S&P Capital IQ. Free cash flow is defined as cash flow from operations minus capital expenditures....
...“It went from feast to famine, from everybody buying to turtle slow,” said Linda McCoy, board president of the National Association of Mortgage Brokers....
...In recent years, Europe’s reliance on Russia for the diesel supplies used by trucking groups, car owners and manufacturers has been steadily rising....
...The S&P Refining & Marketing index is up nearly 50 per cent this year, even as the broader market has fallen....
...Referring to, say, Robert Shiller’s cyclically adjusted P/E ratio has been liable to get a person made fun of online....
...The S&P Oil and Gas Equipment and Services index is up about 35 per cent since the start of the year, a period when the S&P 500 has declined by 10 per cent....
...Of course, this is dragged up by outliers in the portfolio such as autonomous trucking play TuSimple (trading at 247 times). Still it’s eye-wateringly pricey....
...Labour shortages in other parts of the supply chain — including trucking, warehouses and rail freight — are impeding the movement of goods too....
...The trucking groups JB Hunt, Landstar and Ryder have all increased in value by about a third over the same period....
...However, the labour shortages are compounding other challenges, including inflation in commodities from steel to resin and costly disruptions to shipping, trucking and other links in the supply chain....
...Nevertheless, Rosenbluth welcomed the switch to the more diversified S&P Transportation Select Industry FMC Capped Index....
...And dire conditions on the trucking front have been severely exacerbated by Hurricane Ida. Labour shortages are also part of the problem. Job openings remain at record levels....
...Charlie loves his business and trucking life. He hopes to expand to five lorries. But you should hear him on France and the Gendarmerie. Henry V would blush....
...The S&P 500 index dropped 11.5 per cent last week, while Union Pacific and trucker JB Hunt Transport Services each fell more than 12 per cent, and XPO Logistics plummeted nearly 25 per cent....
...Mr Moeller said the strong dollar, rising commodity and trucking costs and trade tariffs had created a $1.4bn “after-tax headwind” for P&G during the year....
...He left Waymo in January 2016 to co-found Otto, an autonomous trucking company, later acquired by Uber....
...I Like Trucking Trucking tells us a lot about the health of the economy....
...In 2011, manufacturers sold gas turbines with a total generation capacity of 71.6 gigawatts, according to McCoy Power Reports....
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