FedEx Ground game got the job done in Q3

FedEx Corp.’s strong cost-reduction actions at its FedEx Ground U.S. delivery unit allowed the company to comfortably beat third-quarter estimates, raise full-year earnings per-share guidance and take the pressure off its lagging FedEx Express unit to quickly bring its costs under control.

FedEx (NYSE: FDX) reported adjusted earnings of $3.41 per share, which excluded 36 cents per share of restructuring costs. This is 70 cents above industry consensus, an achievement that surprised and pleased...

https://www.freightwaves.com/news/fedex-ground-game-got-the-job-done-in-q3

UBS: Πώς επενδύουν οι γυναίκες τα χρήματά τους, τι θέλουν να κληροδοτήσουν στην επόμενη γενιά

Παίζει ρόλο το φύλο στον τρόπο με τον οποίο επενδύει κάποιος τις αποταμιεύσεις του; Η σύντομη απάντηση είναι «ναι και μάλιστα σημαντικό». Και τούτο γιατί οι προτεραιότητες και οι επιδιώξεις…

UBS: Πώς επενδύουν οι γυναίκες τα χρήματά τους, τι θέλουν να κληροδοτήσουν στην επόμενη γενιάΗ ΝΑΥΤΕΜΠΟΡΙΚΗ

https://www.naftemporiki.gr/finance/markets/1448399/ubs-pos-ependyoyn-oi-gynaikes-ta-chrimata-toys-ti-theloyn-na-klirodotisoyn-stin-epomeni-genia/

¿Hay gato encerrado en la operación entre TFI y ArcBest? 

Las cosas pueden ponerse interesantes pronto en el espacio de las fusiones y adquisiciones de cargas inferiores a las de camión. 

En la llamada de analistas de TFI International Inc. (NYSE: TFII) el lunes por la noche, se reveló que el conglomerado de transporte con sede en Montreal tenía una participación del 4%, o un poco más de 1 millón de acciones, en ArcBest Corp., un transportador LTL basado en activos y proveedor no basado en activos ubicado en Fort Smith, Arkansas. TFI desembolsó 89...

https://www.freightwaves.com/news/hay-gato-encerrado-en-la-operacion-entre-tfi-y-arcbest

Is the cat out of the bag on a TFI and ArcBest deal?

Things may soon get interesting in the less-than-truckload mergers and acquisitions space.

On the TFI International Inc. (NYSE: TFII) analyst call Monday night, it was revealed that the Montreal-based transport conglomerate held a 4% stake, or a little more than 1 million shares, in ArcBest Corp., an asset-based LTL carrier and non-asset-based provider located in Fort Smith, Arkansas. TFI spent $89 million for the stake.

Alain Bédard, TFI’s chairman, president and CEO, did not discuss the...

https://www.freightwaves.com/news/is-the-cat-out-of-the-bag-on-a-tfi-and-arcbest-deal

UBS: Για πόσο ακόμη θα «πονέσει» το ευρώ

Το ράλι του αμερικανικού δολαρίου (και κατά συνέπεια ο «πόνος του ευρώ») θα έχουν συνέχεια και τους επόμενους μήνες, όπως προειδοποιεί με σημείωμά της στους επενδυτές η UBS. Υπάρχουν παρόλα…

UBS: Για πόσο ακόμη θα «πονέσει» το ευρώΗ ΝΑΥΤΕΜΠΟΡΙΚΗ

https://www.naftemporiki.gr/finance/markets/1406994/ubs-gia-poso-akomi-tha-ponesei-to-eyro/

Loaded and Rolling: Hurricanes and FEMA freight; power-only grows in importance

Hurricanes and FEMA freight 
(Photo: Jim Allen/FreightWaves)

Hurricane season can frequently — and unexpectedly — change the trucking dynamic. Part of this involves the positioning of equipment in anticipation for hauling FEMA freight. With the approach of Hurricane Ian, the yearly tradition of disaster relief supplies began anew. But understanding the extent of the impact FEMA loads will have on truckload markets and spot rates will take time, as declines in outbound tender rejection rates and...

https://www.freightwaves.com/news/loaded-and-rolling-hurricanes-and-fema-freight-power-only-grows-in-importance

FedEx fiscal Q2 results: Not perfect but good enough

It was not a world-beating quarter for FedEx Corp. But it was more than adequate to give analysts and investors hope that the worst of the staffing shortages and operating problems plaguing the company for months were mostly behind it. 

FedEx’s (NYSE: FDX) fiscal 2022 second-quarter results, which were announced late Thursday, had more good news than bad. Adjusted operating income rose more than 11% to $1.68 billion, and adjusted diluted earnings per share of $4.83 were well above median...

https://www.freightwaves.com/news/fedex-fiscal-q2-results-not-perfect-but-good-enough

EFS: Truckload valuations and market metrics — Great Quarter, Guys

Great Quarter Guys 11/17

Less-than-truckload freight has taken a front seat during the COVID-19 pandemic as e-commerce and parcel service ramped up thanks to consumer buying habits. On this episode of Great Quarter, Guys, Andrew Cox and Seth Holm look at how that ramp-up has supported fleets and also impacted other modes of transportation. 

Cox and Holm welcome Tom Wadewitz, UBS Securities senior equity research analyst to the show for the discussion. Wadewits recently moved his assessment of the trucking industry down...

https://s29755.pcdn.co/news/efs-truckload-valuations-and-market-metrics-great-quarter-guys

5 Wall Street impressions about proposed CP-KCS merger

A photograph of a Kansas City Southern locomotive.

Canadian Pacific (NYSE: CP) announced plans to acquire Kansas City Southern (NYSE: KSU) for $29 billion on Sunday morning. Here are five initial impressions from Wall Street transportation analysts about this proposed transaction.

Wall Street likes the deal

The merger of CP and Kansas City Southern (KCS) would be combining two of the smallest Class I railroads. It would also be integrating two railroads that are striving to reach an operating ratio (OR) in the mid-50s. OR, represented in a...

https://s29755.pcdn.co/news/5-wall-street-impressions-about-proposed-cp-kcs-merger

Analysts all in on transportation stocks; transition to services spending no threat

Transport stocks looking up, according to analysts

A couple of bullish reports this week highlight reasons to favor transportation stocks moving forward. The outlooks call for favorable freight fundamentals around demand, utilization and pricing to remain in place for the foreseeable future.

Consumer demand not likely to wane anytime soon

UBS (NYSE: UBS) transportation analyst Tom Wadewitz said he sees a “perfect storm” for freight demand, pointing to tight capacity, inventory rebuilding and a steady stream of stimulus money. “The combination of...

https://www.freightwaves.com/news/analysts-lean-in-on-transport-stocks-spending-on-services-not-a-threat

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