• The Irbis Index
  • Posts
  • 📈 ILTA: Logistics sector maintains bullish trajectory

📈 ILTA: Logistics sector maintains bullish trajectory

Author

The Irbis Index
December 01, 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 Irbis Logistics Transportation Average increased by 3.38% over the last month, closing at $995.64.

This marks a significant gain of 32.53 points for November, reflecting strong performance in the logistics and transportation sectors.

Biggest gainers:

  • Transportation Leaders Knight-Swift Transportation (+5.29%), Landstar System (+2.78%), and JB Hunt Transport Services (+3.75%) emerged as the top performers, showcasing the strength in domestic freight markets.

  • Cold Storage and Industrial REITs Americold Realty Trust (+3.74%) and Prologis Inc (+2.15%), demonstrated resilience through strong operational performance.

  • Logistics Technology The technology segment saw impressive gains with Manhattan Associates (+4.18%), Zebra Technologies (+2.76%), and Descartes Systems Group (+1.82%).

Biggest decliners:

  • International Shipping Hapag-Lloyd recorded the steepest decline (-3.54%), followed by CH Robinson Worldwide (-2.77%) and Deutsche Post (-0.69%).

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

If you have any questions about The Irbis Index, please reply to this email with your inquiries, comments, or feedback.

P.S. Did someone share this with you? Subscribe here.