XPO, Old Dominion stocks drop amid FedEx guidance cut

Trucking stocks fell after FedEx lowered guidance and announced a freight division spin-off, raising concerns over LTL carriers’ near-term performance amidst industrial market challenges.

FedEx could unlock $10-20bln in shareholder value from potential freight spin-off

Earnings call: Old Dominion Freight Line faces economic headwinds in Q3

Old Dominion Freight Line reports Q3 results showing declines in revenue and earnings amid economic softness, while maintaining strong customer retention and a focus on long-term growth.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%

U.S. stocks closed lower, led by losses in Technology and Consumer sectors. Notable gainers included Northern Trust and Teledyne, while losses were seen in Enphase and McDonald's.

Old Dominion Freight Line posts mixed Q3 results amid challenging environment

Old Dominion Freight Line's Q3 earnings slightly surpassed estimates, but revenue declined 3% YoY, reflecting a challenging economic environment and reduced shipment volumes.