Tue, Aug. 16, 4:08 PM
- A major announcement from Ford that it will develop a 100% autonomous vehicle in 2021 could have far-reaching implications in a variety of sectors.
- “The first application of the fully autonomous vehicle will be commercial applications, whether it’s ride-hailing or parcel delivery,” Ford CEO Mark Fields told Recode. Companies that could be eyeing the implication of purchasing self-driving car fleets include FedEx (NYSE:FDX), Amazon (NASDAQ:AMZN), UPS (NYSE:UPS), Domino's Pizza (NYSE:DPZ), and Papa John's International (NASDAQ:PZZA).
- There's also relevance on Ford's big bet on autonomy for Avis Budget Group (NASDAQ:CAR) and Hertz (NYSE:HTZ).
- The trucking and shipping sectors (ARCB, KNX, MRTN, CGI, YRCW, HTLD, UACL, SWFT) will also be monitoring how autonomous vehicle technology fits into the future.
- Previously: Ford to produce mass market autonomous vehicle (Aug. 16)
Fri, Jul. 29, 6:03 AM
Thu, Jul. 28, 5:30 PM
Thu, Jul. 28, 1:03 PM
Fri, Apr. 29, 6:05 AM
Thu, Apr. 28, 5:30 PM| Thu, Apr. 28, 5:30 PM | 3 Comments
Tue, Apr. 26, 12:51 PM
Mon, Feb. 22, 10:19 AM
- Shipping stocks are on the move after the large jump in crude oil prices eases some anxiety over demand.
- Notable gainers include Diana Shipping (DSX +12.1%), Navios Maritime Partners (NMM +6.5%), Frontline (FRO +6.6%), and Scorpo Bulkers (SALT +5.9%).
- The trucking sector is also ahead of broad market averages off the oil news. ArcBest (ARCB +4.4%), Swift Transportation (SWFT +1.6%), Celadon Group (CGI +2%), and Knight Transportation (KNX +2.6%) (also upgraded) are on the rise.
- Railroad industry players CSX (CSX +3.8%) and Genesee & Wyoming (GWR +3.7%) are up sharply.
- On the vehicle manufacturing/supplier side, solid gainers include Meritor (MTOR +6.7%), Dana Holding (DAN +2.7%), Westport Innovations (WPRT +3.9%), Oshkosh (OSK +3.8%), Navistar (NAV +5.4%), and PACCAR (PCAR +2.3%).
- The Detroit Three are all in rally mode as well. Ford (NYSE:F) and GM (NYSE:GM) are up 2%, while Fiat Chrysler Automobiles (NYSE:FCAU) is 3.3% higher.
- Previously: Oil prices rebound, WTI heads back above $30 (Feb. 22 2016)
Thu, Feb. 4, 10:13 AM
- Trucking stocks are in rally mode off a mix of macroeconomic news and earnings.
- Notable gainers include ArcBest (ARCB +11.7%), Old Dominion Freight Line (ODFL +4.2%), Heartland Express (HTLD +4%), Celadon Group (CGI +8.4%), YRC Worldwide (YRCW +7.7%), Knight Transportation (KNX +2.2%), and Marten Transport (MRTN +4.1%).
- It's a moonshot for Roadrunner Transportation Systems (RRTS +37.5%) after earnings.
- Shipping companies FedEx (FDX +2.6%), AirT (AIRT +3.9%), and UPS (UPS +0.8%) are also well-ahead of broad market averages.
Wed, Feb. 3, 12:49 PM
Wed, Feb. 3, 5:33 AM
- ArcBest (NASDAQ:ARCB): Q4 EPS of $0.21 misses by $0.20.
- Revenue of $648.13M (-2.5% Y/Y) misses by $4.39M.
Tue, Feb. 2, 5:30 PM
Wed, Jan. 27, 1:35 PM
- ArcBest (NASDAQ:ARCB) declares $0.08/share quarterly dividend, in line with previous.
- Forward yield 1.61%
- Payable Feb. 24; for shareholders of record Feb. 10; ex-div Feb. 8.
Tue, Jan. 26, 1:08 PM
- Trucking stocks race higher to cut into 2016 losses as traders react to some firming up in the energy sector.
- Notable gainers include Swift Transportation (SWFT +16.6%), YRC Worldwide (YRCW +11.1%), ArcBest (ARCB +10%), Heartland Express (HTLD +7%), Universal Truckload Services (UACL +6.7%), and Marten Transport (MRTN +5.6%).
- Hertz Global (HTZ +8.3%), Ryder (R +6.5%), and Avis Budget Group (CAR +8%) are also strong on the day off the some of the same optimism over demand in the U.S.
Thu, Jan. 7, 6:57 PM
- RBC Capital and Stephens both came out bearish on the transportation and trucking sector, with RBC analyst John Barnes calling his outlook the most difficult report he had written since the Great Recession, citing confusing signals on the economy and earnings growth that likely will be "uninspiring."
- Barnes downgraded Old Dominion Freight Line (NASDAQ:ODFL), Swift Transportation Company (NYSE:SWFT), Ryder Systems (NYSE:R) and Rush Enterprises (NASDAQ:RUSHA) to Sector Perform from Outperform, and Heartland Express (NASDAQ:HTLD) to Underperform from Sector Perform.
- Stephens analyst Brad Delco cut near-term and longer-term estimates on less-than-truckload names, citing weaker demand trends and the higher fixed cost structure of LTL business models relative to truckload.
- Delco downgraded ArcBest (NASDAQ:ARCB) and Saia (NASDAQ:SAIA) to Equal Weight from Overweight as he favors truckload names over LTL in the current environment, but he maintained his Overweight rating on ODFL as he remains constructive on the best-in-breed name, which he believes can continue taking market share to offset broader market weakness.
Dec. 23, 2015, 9:41 AM
- The American Trucking Association reports its truck tonnage index fell 0.9% M/M in November. The reading for November was 0.2% higher than the year-ago period.
- "With year-over-year gains averaging just 1.2% over the last three months, there has been a clear deceleration in truck tonnage," notes ATA Chief Economist Bob Costello.
- A high level of inventory in retail and the energy market slump could keep truck demand tepid, warns the ATA.
- Related stocks: ODFL, YRCW, RRTS, ECHO, HTLD, JBHT, SWFT, KNX, LSTR, UACL, ARCB, SAIA, CNW, XPO.