, thereby boosting demand for freight, while a new round of stimulus should push up spending on goods.Education Images/Universal Images Group via Getty ImagesSince recent lows of Mar. 15, 2020, the iShares Transportation Average ETF – which holds major railway, freight, transport stocks – has more than doubled in value, outpacing the 70% jump by the S&P 500 index over that time.
In a recent research report, UBS transportation analyst Tom Wadewitz said he saw a “perfect storm” of positive fundamentals for the transport sector – including favorable freight demand, tight capacity, inventory rebuilding and a steady stream of stimulus money to pump up goods spending. Canadian Pacific Railway announced a $29 billion dealWadewitz said in a research note Monday that the Canadian Pacific- Kansas City Southern merger was a “great fit” and would create the first U.S.
Wadewitz is especially bullish on Canadian Pacific, small freight carrier Old Dominion Freight Line and XPO logistics, a transportation and contract logistics company. Walter Spracklin, an analyst at RBC Capital in Toronto, said in a research report Monday that the “unparalleled network” of the combined Canadian Pacific-Kansas City Southern railway will provide significant new opportunities for the broader transport of grain, fertilizer, autos and crude oil, while reducing Canadian Pacific’s Canada exposure from 76% to 53% and raising its exposure to the U.S. and Mexico .
Well Biden can provide indentured servants to labor unregulated now as they come to find the American dream a titians falsity LauMingshen granhijodeputin BorrosJohnson Australia germanyintheeu Iran_GOV FoxNews
good
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »