NOL: could get lift from strong August operating data. Rates nearing 3-yr highs, with average revenue per FEU at US$3181, +45% yoy, +3.4% mom, due to improved core freight rates in the major trade lanes and peak season surcharges on higher volumes...
Container shipping volumes was up 13% yoy, mainly due to higher volumes carried from most major trade lanes, particularly the Transpacific and Asia Europe trade lanes, although volumes slid 1.5% mom, probably due to the seasonal slowdown beginning to play out.
Two houses maintained Buy calls over the past week; both have targets of ~$2.40.
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