Higher prices will reduce demand for goods and cool the economy, which in turn impacts the transportation sector.
The stock's fall snapped a three-day winning streak.
He cut ratings on FedEx Corp. (FDX), as well as railroads CSX Corp. (CSX), Norfolk Southern Corp. (NSC), and GXO Logistics Inc. (GXO) to hold from buy, and kept UPS Inc. (UPS) as a hold.
FedEx posted flat year-on-year revenue, missing analysts’ expectations by 0.6%, and Union Pacific reported flat revenue, in line with consensus estimates. FedEx’s stock price was unchanged after the ...
Union Pacific posted flat year-on-year revenue, missing analysts’ expectations by 0.5%, and FedEx reported flat revenue, falling short of estimates by 0.7%. Union Pacific traded up 5.6% following the ...
Investors have two technology companies that will open higher this morning. Palantir (PLTR) may open at around 15% after the company posted fourth-quarter results late Monday. The software AI supplier ...
Shares of Amazon.com and PDD Holdings, the owner of popular Chinese shopping app Temu, fell on Wednesday after the U.S. Postal Service said it would stop accepting parcels from China and Hong Kong.
Investing.com -- FedEx (NYSE: FDX) stock tumbled 3.5% today after rival United Parcel Service Inc. (NYSE: UPS) released a revenue forecast that fell short of market expectations, signaling weaker ...
It isn’t a bad idea to follow billionaires' investment strategies. While one must not blindly do what they do, keeping an eye on their investment moves could help generate significant returns. They ...
United Parcel Service (NYSE:UPS) fell sharply in morning trading on Thursday after the delivery giant said it reached a deal ...
FedEx stock (NYSE: FDX) dropped 7% on February 3 amid concerns over new tariffs on Canada, Mexico, and China impacting logistics demand. While the tariffs were temporarily suspended for one month ...
We recently compiled a list of the 10 Large-Cap Stocks Insiders Are Buying Recently. In this article, we are going to take a ...