Amit Mehrotra

Head transportation analyst Mehrotra departing Deutsche Bank

Well-known transportation analyst Amit Mehrotra is leaving Deutsche Bank, and for now at least, Deutsche is halting its coverage of transport-related equities.

Mehrotra is an active observer of the transportation sector, with often multiple updates on a busy earnings day blasted out to his list of email contacts, including FreightWaves. His departure was signaled in an email sent last week that said Deutsche was discontinuing equity coverage of a long list of transportation companies, all of...

https://www.freightwaves.com/news/head-transportation-analyst-mehrotra-departing-deutsche-bank

‘Crunch time’ for trucking as Q1 nears close

In a Monday note to clients, which described current truckload fundamentals as very difficult, Deutsche Bank analyst Amit Mehrotra said he doesn’t expect any “big negative surprises” when transportation companies report earnings next month.  

However, he acknowledged the industry consensus formed in recent months that trucking companies would see a positive demand inflection in the back half of 2023 is becoming less certain.

“We view the upcoming earnings season as one of the most consequential...

Mehrotra and Deutsche, often an XPO skeptic, won’t be following LTL firm anymore

One of the more well-known tense relationships on Wall Street between an analyst and a company is coming to an end.

In an email to clients sent late Tuesday, the transportation research team at Deutsche Bank led by Amit Mehrotra said it was ceasing coverage of XPO Logistics (NYSE: XPO).

“Due to changes in team priorities, we are dropping coverage of XPO Logistics effective immediately,” the email said. “Our previous ratings and price target should no longer be relied upon.” 

There was no further...

https://www.freightwaves.com/news/mehrotra-and-deutsche-often-an-xpo-skeptic-wont-be-following-ltl-firm-anymore

Jacobs sells 20% of XPO, GXO holdings; shares fall sharply

Shares of transport company XPO Logistics Inc. and logistics firm GXO Logistics Inc., which XPO spun off in August into a publicly traded entity, fell sharply on Friday after public filings the day before disclosed that Brad Jacobs, XPO’s founder and the chair of both companies, sold 3.2 million shares in each.

The sales account for about 20% of Jacobs’ holdings in each company. He still owns around 12.3 million shares of each, according to Securities and Exchange Commission filings. This...

https://www.freightwaves.com/news/jacobs-sells-20-of-xpo-gxo-holdings-shares-fall-sharply

Deutsche Bank slows approach to transportation stocks in 2022

Picking transport stocks gets a little tougher in 2022, Deutsche Bank says

One of the most bullish transportation analysts on Wall Street has tapped the brakes on his approach to selecting equities in 2022. In a Monday report to clients, Deutsche Bank analyst Amit Mehrotra advocated for a more selective stance on transport stocks in the coming year, citing inflationary concerns as a reason to avoid names trading at peak valuation multiples.

Mehrotra noted that inflation historically drives equity multiples lower and that “the easy monetary and generous fiscal policies...

https://www.freightwaves.com/news/deutsche-bank-slows-approach-to-transportation-stocks-in-2022

Giving transportation stocks some love — Great Quarter, Guys

Great Quarter Guys 11/17

This episode is brought to you by Emerge, The Digital Freight Marketplace. While market volatility is affecting everyone, you need an RFP expert to navigate the uncertainty. Industry expertise and technology for your RFP event, now and in the future. Emerge from the confusion by visiting get.emergemarket.com/GQG.

The Knight-Swift decision to acquire LTL company AAA Cooper was huge for the truckload carrier and also led to some ripple effects in shipping stocks. 

On this episode of Great Quarter,...

https://www.freightwaves.com/news/giving-transportation-stocks-some-love-great-quarter-guys

UPS mulling possibility of same-day delivery service with contracted drivers — CEO

UPS Inc. (NYSE:UPS) CEO Carol B Tomé said Wednesday that the company is considering the launch of same-day delivery initiatives, and might go outside the UPS driver network to implement them.

Such a service would plug a hole in the Atlanta-based transport and logistics company’s portfolio. UPS has never offered a same-day delivery service. Pilots are underway to test the initiative, Tomé said during UPS’ investor & analyst day. She did not elaborate.

“We don’t have this all the way figured out,...

https://www.freightwaves.com/news/ups-mulling-possibility-of-same-day-delivery-service-ceo

Seller’s market for transport services may last through 2023, mega-bull Mehrotra says

amit mehrotra

The powerful surge in demand and pricing now coursing through transport modes will last through the rest of 2021, continue through all of 2022 and could extend well into 2023, Deutsche Bank analyst Amit Mehrotra said in a note published Monday.

Mehrotra, who has been bullish on transport stocks since 2018, turned up the volume in his missive, saying the macroeconomic tailwinds cited last November in the firm’s 2121 outlook have continued to surprise to the upside. According to Mehrotra, a...

https://www.freightwaves.com/news/sellers-market-for-transport-services-may-last-through-2023-mega-bull-mehrotra-says

December LTL volumes ‘remain healthy’

December LTL demand keeps pace

Less-than-truckload volumes appeared to remain elevated during December, according to Amit Mehrotra, managing director and head of transportation and shipping research at Deutsche Bank (NYSE: DB).

The December data indicates the sequential monthly trends were in line with “typical seasonality,” however off of a higher base. The firm’s Sunday report to clients showed activity at Old Dominion Freight Line (NASDAQ: ODFL) terminals was down 10.1% from November to December, in line with the carrier’s...

https://www.freightwaves.com/news/december-ltl-volumes-remain-healthy

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