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…
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Transportation Stock News and Insights
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…
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…
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…
Economic storm clouds are gathering worldwide as some of the largest shipping companies warn about sliding global trade. US shipper FedEx and Danish shipping giant A.P. Moller-Maersk A/S have been…
XPO Logistics Inc. turned its tech-enabled brokered transportation platform into an independent, publicly-traded company Nov. 1. The new company, named RXO, will broker truckload freight via a proprietary digital freight…
XPO Logistics (NYSE:XPO) reported a 3% increase in revenue for Q3 when the impact of selling the intermodal business is backed out. Adjusted net income from continuing operations increased to $168M…
Analyst sees $200M profit lever from service enhancements Less-than-truckload carrier Saia said demand weakened as the third quarter progressed. The company reported earnings per share of $3.67 Monday before the…
East Coast retail diesel prices are soaring relative to the rest of the country, propelled by inventories in the region that are almost half of what they normally should be…
It’s time to be realistic about this transportation industry Waning demand and macro headwinds mean it’s time to consider trucking stocks to sell. Daseke (DSKE): Revenue trends have been declining for…