ZIM Integrated: Cloudy Earnings Growth Ahead, But A Strong Chart

Portra/DigitalVision via Getty Images Global freight rates have ticked up markedly in the past several months. Torsten Slok of Apollo Global has a revealing chart of the trend. It shows that many routes around the world have jumped to levels not seen since late 2022. That's a near-term tailwind for shipping companies, but this bullish reversal from depressed rates last year could be short-lived, resulting in profitability risks for volatile shipping stocks. If spot rates indeed roll back over, then firms ex ...