Bellwether Transportation Stocks
Transportation Stock News and Insights
Maersk (AMKBY) CEO reaffirms guidance for record-breaking 2022 despite spot-rate slide Listen to this article 0:00 / 7:261X It’s getting increasingly ugly for shipping lines in the trans-Pacific market. Spot…
Trevor Milton looked like the next Elon Musk—and may end up the next Elizabeth Holmes. As the first of his several trials gets under way, the people who exposed him…
The Dow Jones Transportation Average is down 12% this month, roughly double the declines by the S&P 500 and Dow industrials Shares of transportation companies are falling twice as fast…
Summary Most shipping stocks have been pummeled due to global macro concerns and broad market pullbacks. However, the fundamental setup across most of the core segments (tankers, dry bulk, LNG,…
It’s been a rough couple of weeks on the stock market, ending recently with a warning from FedEX about a downturn in the global economy that sent shares tumbling. FedEx CEO…
Summary A friendly reminder that UPS will be reporting FQ3’22 earnings in October 2022, after the disastrous results from FedEx. Both stocks have catastrophically tumbled, FDX by -42.07% and UPS…
Drivers, grid, infrastructure aren’t ready for them A few days in Germany revealed an inconvenient truth about real-world applications of battery-electric and hydrogen-powered trucks. Inadequate infrastructure, a lack of drivers…
FedEx missed earnings expectations and announced significant cost-cutting in its preliminary earnings report last week. CEO Raj Subramaniam warned of a “worldwide recession,” but analysts say FedEx’s own shortcomings played…
Two factors often determine stock prices in the long run: earnings and interest rates. Investors can’t control the latter, but they can focus on a company’s earnings results every quarter.…
Summary FedEx recently tossed out the earnings guidance it presented to investors just three months earlier, because of the deterioration of the U.S. and global economy’s outlook over the summer.…