“Past performance is not indicative of future results” is the disclaimer attached to all investment advice. The same holds true for the freight market, but understanding historic trends can at the very least be a helping hand in understanding how markets might perform.
Recent economic news hasn’t been brilliant. Stock markets, commodity prices and a number of emerging market currencies have seen falls in recent weeks, just as the freight market had started to pick up. As the headwinds from the USA’s trade policies blow stronger and growth forecasts are questioned, we look at three of the main stories and what their impacts on the freight market will be. There are certainly some issues to consider in the near term, though a major impact is not part of our base case.