Head Transportation Analyst Mehrotra Departing Deutsche Bank

Mehrotra is an active observer of the transportation sector, with often multiple updates on a busy earnings day blasted out to his list of email contacts, including FreightWaves. His departure was signaled in an email sent last week that said Deutsche was discontinuing equity coverage of a long list of transportation companies, all of which were under Mehrortra's purview.

Reached at his home in Atlanta, Mehrotra declined to comment on his status at Deutsche Bank. An email sent to Deutsche Bank's media relations team had not been responded to by publication time.

Other sources have confirmed reports that Mehrotra is headed to UBS Group, but he is not expected to be a transportation analyst there. He will be involved in industrial research in some capacity, sources said.

The transportation team left behind by Mehrotra's departure is not said to be leaving the bank, but the announcement of the across-the-board elimination of transportation equity coverage makes clear that for now at least, they won't be covering transports.

This marks the second time in the past few months that a major Wall Street bank has suspended analysis of the universe of transportation companies it had been covering. Wells Fargo WFC made a similar announcement in March. However, there are reports that Wells Fargo has identified a new transportation equity analyst to head a reconstructed research team.

There were 21 companies Deutsche said it was no longer covering, including several maritime shipping companies, such as Frontline FRO. Mehrotra's team covered such publicly traded trucking companies as J.B. Hunt JBHT and Werner WERN; less-than-truckload carriers like Saia SAIA, which Mehrotra had been very high on for quite some time, saying earlier this month that he thought its "earnings power can meaningfully surprise to the upside over time"; the Class 1 railroads; and some other logistics companies, such as C.H Robinson CHRW and GXO Logistics GXO.

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