- Morgan Stanley is out with an intriguing note on potential winners and losers from the growth of blockchain transactions.
- The investment firm sees blockchain execution in the logistics industry as removing some of the middle men processors. That development could be negative for C.H. Robinson Worldwide (CHRW +0.4%) and Echo Global Logistics (ECHO +1.2%). Fleet card operators such as FleetCor Tech (FLT -0.1%) and WEX (WEX +0.4%) could also be impacted.
- The growth of blockchain in the freight industry could help "asset-based" truck carriers such as Schneider National (SNDR -0.1%), Werner Enterprises (WERN -0.4%), Old Dominion Freight Line (ODFL -0.1%) and XPO Logistics (XPO +0.4%), reasons MS.
- Source: Bloomberg and CNBC
Blockchain evolution seen disrupting logistics industry
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