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Maersk Posts Profit, but Trade War Impact Foreseen; Cass Freight Projects Shipping Decline

1. MAERSK LINE, considered a “bellwether” of container shipping, announced a profitable quarter which sent their stock shares soaring 7%, quickly followed by 2+ % drop reflecting projected impact of US Trade War with China. The outlook for the remainder of 2019, a traditionally “slow period” is particularly weak. (See Attached)

2. The CASS Freight Shipment Index is predicting economic contraction due to the continuing shipping declines. While the picture changes almost daily, there is no denying that a lot of freight has moved early, which means lesser volumes in coming months. (See Attached)

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