The covid repercussions of shipping on the stock market are still moaning

By: Trademagazin Date: 2022. 04. 29. 08:28

The shipping industry was one of the big winners of the coronavirus alongside internet companies. Although there was still a huge setback during the first wave, the importance of deliveries increased over time as people were more or less locked in between the four walls, but because of the stimulus (or even that) they had the money they wanted to spend. Everyone assigned everything that demanded the services of companies, especially Fedex and UPS, soared, and the sudden economic downturn recovered within a few quarters, even if steroids were needed. By now, however, the trend seems to be suffocating, in fact: with the disappearance of the rougher waves, the dice have turned. It is important to note that not everyone in the sector has done so well. Although the airline sector is part of the sector, it is an exception due to its activities, as the urge to travel and even more so during the epidemic has fallen very sharply. The situation is similar with ride-sharing providers like Lyft or Uber.

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