Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.
Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.
Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.
Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
Less-than-truckload carrier XPO beat third-quarter expectations and outlined a plan for outsize yield and margin growth.
XPO beats third-quarter expectations, reporting 200 basis points of margin improvement in its less-than-truckload unit.
Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.
Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.
