Why Zim Integrated Shipping Stock Is Down Big Today

Zim Integrated Shipping Services (ZIM -15.44%) reported fourth-quarter results that were slightly above expectations, but there is no end in sight to the macro headwinds that have plagued this business. Investors were hoping for more, and Zim shares were down nearly 14% as of 11:30 ET Wednesday.Zim is treading waterZim owns and operates a fleet of cargo ships. This is a cyclical business, and 2023 was a difficult year. Concerns about the global economy and higher interest rates led big shipping customers to ...