Soft Industrial End Markets Pressuring Old Dominion's Tonnage, but Execution Remains Solid
We consider Old Dominion's capital structure to be very healthy. At the end of 2024, the company posted modest total debt near $60 million (versus $80 million in 2023), with a negligible debt/EBITDA ...
FreightWaves2d
Deutsche Bank eyes industrial rebound, endorses these transports
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.
Parcel Carriers FedEx and United Parcel Lose Their Way as Rival DHL Slashes Jobs and Fails to Deliver on Profits
Shares in U.S. listed parcel carriers FedEx (FDX) and United Parcel Service (UPS) failed to deliver today after logistic ...
FedEx price target lowered to $275 from $320 at Wells Fargo
Wells Fargo analyst Christian Wetherbee lowered the firm’s price target on FedEx (FDX) to $275 from $320 and keeps an Equal Weight rating on ...
FedEx Freight expands South Dakota terminal
The Sioux Falls service center, located off Interstate 29, has 35% more capacity and a new fleet maintenance shop.