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…
Trucking stocks rev higher after mega merger between Knight-Swift and U.S. Xpress
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 stock flies higher as cost-saving efforts bear fruit
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…
Dividend Stocks: UPS Delivers Dividend Growth, Solid Fundamentals
Shipping giant United Parcel Service (UPS) is in focus as the company delivers solid dividend growth and stable fundamentals. UPS — headquartered in Atlanta — ships documents and packages worldwide. The company…
Buying High-Quality Dividends With Canadian National
Summary The financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction It’s been a while since I wrote a dividend-focused article. It’s also been a while…
It’s Still Too Soon To Buy Credit Card, Housing, and Transportation Stocks
The Federal Reserve’s GDP-busting rate hikes create headwinds for companies issuing credit cards, selling homes or housing-related goods or services, and transporting goods nationwide. The Federal Reserve suggested in its…
Norfolk Southern upgraded, Union Pacific downgraded in RBC rails review
RBC Capital Markets analyst Walter Spracklin cut his rating on Union Pacific (NYSE:UNP) to a Sell-equivalent while removing such a bearish rating on Norfolk Southern (NYSE:NSC). In a note to…
XPO Logistics points to strong trends ahead of business split
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…
Saia says demand lost momentum as Q3 advanced
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…