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3PL stocks drop in wake of stunning Texas case against C.H. Robinson
['John Kingston', 'July', 'Min Read']
Yahoo Finance
Investors reacted Friday to the giant nuclear verdict out of a Texas court directed at C.H.
Robinson and what it might mean for the brokerage industry with a selloff of 3PL stocks.
Falling dominoesThe research team at TD Cowen summed up the pessimistic view of the investors dumping their 3PL shares in the wake of the decision in Lipe vs. Lupus Superior with a short report entitled "The First Domino to Fall?"
Won't be quickIn a commentary on the case by Ken Hoexter of Bank of America, it was noted that the Lipe vs. Lupus decision is just the start of the next steps.
Under a headline that said "process will be long," the Bank of America report noted, citing statements by C.H.