XPO drives to top industrial gainer of week, Mexican airport operators among losers
The Industrial Select Sector (XLI) was among the six, out of the 11 S&P 500 sectors, which closed the week in green (+0.78%). However, the SPDR S&P 500 Trust ETF…
‘Freight recession’ snares J.B. Hunt in Q1
Mid-50% intermodal bid compliance an ‘all-time low’ A falloff in container imports into the nation’s West Coast along with weaker domestic trucking volumes pushed J.B. Hunt Transport Services’ first-quarter results…
FedEx stock gains as analysts applaud simplified business structure
FedEx Corporation (NYSE:FDX) added to gains on Thursday as analysts took a positive view of the company’s cost savings plans laid out on Wednesday. The transportation giant outlined plans to…
UPS May Be Boring, But The Dividend Growth Is Immense
Summary A shipping company may seem stale or boring in a world where technological advances continuously grab headlines. Artificial intelligence (AI), Metaverse, Web3, and Quantum Computing are some of the…