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: Saia Inc. reports growth amid expansion in Q3 2024

Saia Inc. reported record Q3 2024 revenues of $842 million, driven by increased shipments but faced operating challenges. The company emphasizes long-term growth despite rising expenses.

Saia shares fall as Q3 earnings miss estimates

Citi begins coverage on Transportation stocks, names its top picks

Citi begins research on 19 Transportation and Logistics companies, highlighting industry struggles and opportunities for investors as cyclic recovery approaches, with several top stock picks identified.