Bellwether Transportation Stocks
Transportation Stock News and Insights
Zim, the world’s 10th-largest container line operator, has sunk into the red as its boom-era contract coverage has crumbled under the weight of falling spot rates. The Israel-based ocean carrier…
Ottawa is trying to curb the market power of Canada’s two major railways, setting the stage for a nasty public battle in the Prairies. The railways have launched an aggressive…
“It’s the worst freight market since the Great Financial Crisis.” This statement is commonly heard on our channel checks among carrier and broker executives and often repeated on social media.…
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…
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 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…
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…
The trucking sector is on watch on Tuesday after a mega-deal was announced with Knight-Swift Transportation (NYSE:KNX) acquiring U.S. Xpress (USX) for a hefty premium. The $808M deal will go…
FedEx Corporation (NYSE:FDX) shares gained sharply in Thursday’s extended trading after posting far stronger than expected profits in its fiscal third quarter. For Q3, the Memphis-based transportation company posted $3.41…
While we’ve seen layoffs in the tech industry skyrocket over the past few months, we’re now observing them in the shipping industry – in the middle of Peak Season. The…