Surging Transport Stocks On Brink Of Further Upside, Buoyed By Reopening Economy, Tight Capacity

, 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

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Surging Transport Stocks On Brink Of Further Upside, Buoyed By Reopening Economy, Tight CapacityWhile trucking and railway stocks have surged over the past year, some analysts see further upside in the transport sector as the U.S. economy continues to reopen and strengthen Maybe cheaper than driving
Source: Forbes - 🏆 394. / 53 Read more »

Retail stocks surge as Florida and New York announce plans to lift Covid restrictionsA number of retail stocks surged Monday, as investors looked for ways to buy into the economy reopening amid the Covid pandemic.
Source: CNBC - 🏆 12. / 72 Read more »

German finance chief says Covid surge shows now is not the time to reopen economyEurope's most powerful economy has suffered from the coronavirus pandemic, having faced different waves of infections and subsequent lockdowns. Yep Those people need to check their privilege. There are people who have to work for a living.
Source: CNBC - 🏆 12. / 72 Read more »