Themes / Cluster
Inactive · established relationshipLatest completed snapshot · Sep 29 · 18:28 ET

MARKET-DISCOVERED GROUP

Freight & Logistics

THE TRADER READLSTR dominates an otherwise mixed group path

2 of 3 measured session-normalized paths align to the upside across 2.0 effective names. Capital-flow agreement is 16%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth2 up · 1 down+1.1% session-normalized median path
Capital-flow alignment16%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 7/100 · lift 0.8×
Evidence depth1 episodeLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

3 timed events · 14:55–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceLSTR registered the first material upside path

    +0.63% session path at the threshold · LSTR

  2. 5-minute inferenceCHRW registered a material upside path

    +0.45% session path at the threshold · CHRW

  3. 5-minute inferenceEXPD registered a material downside path

    -0.82% session path at the threshold · EXPD

2 earlier filing context receipts

THU, JUL 30CHRW filing documented shared operating contextrestructuring affecting expense · date precision only

TUE, AUG 4EXPD filing documented shared operating contextrestructuring affecting expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

Session-normalized 5m paths

Observed movement is concentrated across 2.0 effective names. LSTR represents 62.0% of absolute path energy; 2 of 3 members align with the up relative path.

ConstructionConcentrated62.0% from the largest path
Effective names2.0 / 3Movement diversity after concentration
Direction breadth2/3 alignedupside relative path · 1 counter-moving
Largest moverLSTR 62.0%94.1% from the top two paths
LSTR62.0%Dominant mover · path +2.13% · basket +0.71pp
CHRW32.1%Dominant mover · path +1.10% · basket +0.37pp
EXPD5.9%Counter-move · path -0.20% · basket -0.07pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. LSTR moved higher firstFirst member to clear the material path threshold · path +0.63%
  2. CHRW registered a material higher path0m after the first price move · path +0.45%
  3. EXPD registered a material lower path1140m after the first price move · path -0.82%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized
Sep 28 · 14:55 ETMove visible 15:50 ETSep 29 · 15:55 ET
Group median +1.10%Strongest relative path LSTRWeakest relative path EXPD

Observed member paths normalized to the session. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

3/3 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across CHRW, LSTR.

restructuring affecting expense

“Personnel expenses increased primarily due to higher restructuring charges related to workforce reductions.”

CHRW 10-Q · 2026-07-31
input costs affecting expense

“In our global forwarding business, air freight pricing and costs increased, reflecting a contraction in effective global capacity from Middle East conflicts, which drove airspace restrictions and longer flight times along with a sharp increase in jet fuel prices.”

CHRW 10-Q · 2026-07-31
demand / volume

“Sourcing adjusted gross profits increased due to higher volumes with foodservice customers, partially offset by margin compression, primarily with retail customers.”

CHRW 10-Q · 2026-07-31
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

FWRDNot confirming

CHRW · text peer

RXONot confirming

CHRW · text peer

KNXNot confirming

CHRW · text peer

RNot confirming

CHRW · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
CHRWLSTREXPD

3/3 active2 rising · 1 falling

MemberUnusual activityToday's moveRead now
CHRWC.H. Robinson Worldwide, Inc.
Most unusual · 100/100
+1.0%
Dominant path moverActive in 100% of observed group sessions
LSTRLandstar System, Inc.
Elevated · 42/100
+1.6%
Dominant path moverActive in 100% of observed group sessions
EXPDExpeditors International of Washington, Inc.
Participating · 16/100
-0.3%
Counter-move / dispersionActive in 100% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
CHRWC.H. Robinson Worldwide, Inc.Most unusual+1.0%100% of 1 sessionsMost unusual activity in this snapshot; performance direction may differ.
LSTRLandstar System, Inc.Participating+1.6%100% of 1 sessionsPrice participation with accumulating signed flow.
EXPDExpeditors International of Washington, Inc.Participating-0.3%100% of 1 sessionsPrice participation with distributing signed flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 1 completed episode across 1 active session; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support6 daysHow often the cohort identity was observed
Completed episodes1Separate periods of broad group activity
Active sessions1Completed session observations, not trades
2026-09-221 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
CHRW100% · 1 episode
EXPD100% · 1 episode
LSTR100% · 1 episode