Two days do not constitute a trading trend. FedEx Corp. shares, on the other hand, are rising for the second day in a row. FedEx (NYSE: FDX) shares were up nearly 6.3%, or more than $12, at the close of trading Thursday. This follows a 4.2% gain at the close...
Schneider’s outlook for 2023 is better than expected.
Schneider National, a transportation and logistics company, provided better-than-expected earnings guidance before the market opened Thursday, sending its shares higher. The company anticipates steady improvement in freight markets throughout the year. Schneider (NYSE: SNDR) reported fourth-quarter adjusted earnings per share of 64 cents, which was 4 cents higher than Seeking...
Despite a market decline, American Airlines’ cargo revenue exceeds $1.2 billion.
For cargo at American Airlines, the fourth quarter was a mixed bag. Cargo revenue fell faster than the rest of 2022 on the surface, but yields remained well above the pre-pandemic baseline, and the company still generated the second-best annual cargo sales in its history. The carrier based in Fort...