Five or 10 years ago, a truckload carrier would have looked askance at acquiring an LTL carrier. Truckload carriers were comfortable shipping directly from the shipper to the consignee at a minimal fixed cost, a model that runs counter to the multistop terminal networks of LTL carriers.
Shares of United Parcel Service (NYSE:UPS) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved up to $213.
Xos is set to go public via special purpose acquisition company NextGen Acquisition Corp (NASDAQ: NGAC) in a deal that values the combined company at $2 billion.
In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14.
Maybe not today, and not likely tomorrow, but one day soon, many Americans will receive their first e-commerce delivery by drone. For residents in select areas of the country – North Carolina, Arkansas and Ohio among others – drones are already making deliveries to the home.
FedEx Corporation (NYSE: FDX) shares initially traded lower after the company disappointed Wall Street with its fiscal fourth-quarter earnings report last week.
On Tuesday, Bank of America analyst Ken Hoexter added FedEx to the firm’s US1 list and named it his top transportation stock pick.