Stocks appear to be pausing as rates start to rise. Before the U.S. markets opened, short-term U.S. Treasury yields were rising. The five-year yields rose to their highest levels in 20 months per Reuters.
XPO Logistics Inc. has named its chief information officer, Mario Harik, to run its LTL division, replacing Tony Brooks, who will retire, the company confirmed late Thursday night.
In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida's impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.
Raymond James analyst Patrick Tyler Brown raised Saia Inc’s (NASDAQ:SAIA) price target to $260 (implying an upside of 9.5%) from $255 and maintained an…