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📈 ILTA: Logistics sector demonstrates positive momentum

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The Irbis Index
November 24, 2024

A weekly update on the Irbis Logistics Transportation Index (ILTA) and the logistics industry as a whole!

The Irbis Index is a monthly dashboard that provides a comprehensive overview of changes within various industries, centered around our core expertise – logistics. 

We’re curious about new ways to leverage asymmetry of information to enhance investor returns.

The Irbis Index is a tool we are developing to reveal hidden correlations between global macroeconomic trends and events and the industries in which we’re investing. 

The Index tracks the market by highlighting key trends of large players across related industries.

On the 5th of each month, we issue the updated Index covering the preceding month and all associated trends.

We also provide weekly updates on the Irbis Logistics Transportation Index (ILTA), which tracks the logistics and transportation industry across Europe and North America.

To find The Irbis Index for October 2024, click here.

The transportation and logistics sector demonstrated positive momentum last week, with approximately 60% of constituents posting gains.

The sector's performance was driven by notable gains in Cold Storage and Industrial REITs, while companies specializing in logistics technology also demonstrated robust growth.

The ILTA closed at 984.07 on November 22, 2024, marking a 1.19% weekly gain.

Biggest gainers:

  • Cold Storage and Industrial REITs: Americold Realty Trust (+6.26%), Prologis (+2.61%), Lineage (+0.9%) - the industry showed strong operational execution despite industry headwinds.

  • Logistics Technology: Descartes (+4.34%), Zebra (+3.3%), Manhattan Associates (+2.52%) showed strong performance reflecting continued positive sentiment in digital supply chain optimization.

  • Integrated Freight and Logistics: FedEx (+2.03%) and UPS (+1.97%) both gained, driven by strong holiday shipping forecasts.

Biggest decliners:

  • Hapag-Lloyd experienced the largest decline at -5.31%. This drop coincides with their recent announcement of a major US$4 billion investment in 24 new container ships, which may have raised concerns about capital expenditure.

For more information about ILTA, historical performance, methodology, breakdown by sector and industry, and comparison to major world indices, please visit irbisindex.com.

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