Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
While the degradation was seen across most sectors, the transports are seeing outsized declines.
While the degradation was seen across most sectors, the transport sectors saw large declines.
A tanker barge operator, a Jones Act steamship line, and North America’s largest 3PL all posted big gains on the day, leading Dow Transports to a record intraday high against a softening broader equities market.
Transport stocks excluding bulk maritime carriers largely unaffected by tariffs; Port of LA getting new container terminal; Boeing and Ford threatened by Chinese tariffs; new autonomous shipping joint venture announced; commercial driving schools see low enrollment; a guide to Tesla’s guidance.
An optimistic Q1 guidance document released by Covenant Transport yesterday caused the carrier’s stock to jump 5% this morning. We explain how the team fleet is exploiting the new ELD environment.
Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.
Strong economic fundamentals in the U.S. and globally are driving the second-longest bull market since the 1920s. Could the driver shortage ultimately end it all?
JP Morgan likes FedEx, Schneider, Canada Pacific, and JB Hunt–‘sells’ include Union Pacific, Knight-Swift, and CH Robinson.
Morgan Stanley and SIG see great prospects for truckload carrier stocks going into 2018. Large carriers’ valuations should benefit from both the ELD mandate and the GOP tax reform.
Almost every freight flow is growing. Some are growing a little and some are growing a lot, and all of them are accelerating in their rates of growth. Transports are surging as the underlying strength in both the consumer and industrial goods flow continues to improve. We see this as extraordinarily bullish for the overall U.S. economy.
Following on the heels of a 90-day waiver from the ELD rule for agriculture haulers, and several other exemptions granted by FMCSA in recent months, the Owner-Operator Independent Drivers Association (OOIDA) has submitted a new exemption request to the agency.
A natural disaster can rarely be called a benefit, but there are positives for the transportation industry and its investors from the double hit the nation took from Hurricanes Harvey and Irma. From higher stock prices to higher rates, trucking may be poised to reap many benefits from the storms.
Just a week after hitting a record high and signaling good things for the market, the Dow Jones Transport Average (DJT) tumbled last week, falling 2.79%. What’s in store for this week?
