Forwarders could benefit from LA/LB shutdown

Intermediaries

Thursday, November 29, 2012

The investment bank Stifel Nicolaus said Thursday that some air freight forwarders with strong exposure to the Asia-North America trade could benefit from the ongoing labor dispute between unionized clerks and their employers at the ports of Los Angeles and Long Beach. Stifel Nicolaus noted Expeditors International and FedEx are in particularly advantageous positions, given the disruption the dispute is causing. The strike began Tuesday at noon when clerical workers representated b...

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