Piper Jaffray Provides Color on Freight

Piper Jaffray provided color on the freight sector. In a research report published today, Piper Jaffray named his top picks in the sector. In the report, Piper Jaffray states, “We recommend investors looking to play Transports in this current economic environment own shares of FDX, HUBG, JBHT, UPS, and WERN (all Overweight rated).” On Thursday, FedEx FDX lost 1.26% of its value to end the day at $93.06, while Hub Group HUBG lost 1.06% of its value to finish the day at $38.27. JB Hunt Transport Services JBHT lost 0.54% of its value to finish the day at $47.71, while UPS UPS fell 0.08% to close the day at $73.36. Finally, Werner Enterprises WERN lost 1.05% of its value to finish the day at $25.36.