Air Freight & Logistics

Citi is lowering its estimates on CH Robinson Worldwide Inc. (NASDAQ: CHRW). “We are lowering our 1Q11 EPS estimate to $0.58 from $0.61 as we are including the $5.9 million pre-tax impact of the negative court ruling, as well as slightly increasing our target for personnel expense,” Citi writes...

Piper Jaffray is out with its report today on Hub Group (NASDAQ: HUBG), reiterating Overweight. In a note to clients, Piper Jaffray writes, "We have greater conviction that HUBG's previously announced acquisition of Exel Transportation Services is likely far more accretive than management's...

UPS (NYSE: UPS) aircraft mechanics represented by the International Brotherhood of Teamsters today ratified a new labor agreement that runs through Nov. 1, 2013. The 1,136 members who voted ratified the contract by a wide margin, 69 percent to 31 percent. The contract covers 1,200 aircraft...

J.P. Morgan has raised its price target from $40 to $46 and maintains its Overweight rating on Hub Group Inc. (NASDAQ: HUBG) based upon the recent acquisition of Exel Transportation Services (ETS, renamed as Mode Transportation). Says J.P. Morgan of the acquisition, “[it] is likely to provide room...

According to J.P. Morgan, Pacer International (NASDAQ: PACR) 1Q EPS is lowered. J.P. Morgan reported that it is lowering our 1Q EPS estimate from $0.08 to $0.02 due to weaker than expected intermodal volume growth in 1Q, which it attributes to weather-related disruptions early in the quarter. “We...

JP Morgan has raised the price target on Hub Group (NASDAQ: HUBG) from $40 to $46 and maintains its Overweight rating.

Clark Holdings Inc.(NYSE: GLA) today announced that it had extended its engagement of AlixPartners, LLP as strategic advisors to the company. The original engagement of AlixPartners was to expire on March 31, 2011, and has been extended through May 31, 2011, with an option to extend to June 30,...

Piper Jaffray has raised the price target on Hub Group, Inc. (NASDAQ: HUBG) from $41 to $46 and maintains its Overweight rating.

In a Form 4 filed earlier today, Fedex Corp. (NYSE: FDX) Officer, David Bronczek, reported that he sold 21,000 shares of FDX on April 1st for an average price of $95.00. The transaction totaled $1,995,044. Mr. Bronczek owns 66,883 direct shares and 673 indirect shares of FDX. Source: The...

The transports are weak today, and general consensus is that for equities to go higher, the transports have to lead us, otherwise it is a false breakout. This could mean a turn lower, and seeing as we are very overbought here, the move downwards could be sharp and painful. At last check, shares...

By Damian Thompson No, CSI is not developing a third offshoot of its show to feature Commerce, California. And no David Caruso isn't taking his “talents” away from South Beach. It is GSI not CSI, as eBay (EBAY) purchased GSI Commerce this week in its second-largest acquisition ever and Salesforce...

Hub Group, Inc. (NASDAQ: HUBG) announced today that it purchased Exel Transportation Services for $83 million before post closing adjustments. ETS is now a wholly-owned subsidiary of Hub Group, operating independently under the name Mode Transportation.

United Parcel Service (NYSE: UPS), FedEx Corporation (NYSE: FDX), AT&T (NYSE: T), and PepsiCo (NYSE: PEP) are being challenged by President Obama to promote clean energy fleets. President Obama says, "energy investments are in national interest."

According to Morgan Stanley, FedEx (NYSE: FDX) is being set up for another multi-year growth cycle. Morgan Stanley reported that its long reluctance to recommend FDX has stemmed from our concerns about cost headwinds, risks to guidance from fuel/weather and an inability to identify any near-term...

The transports, particularly UPS (NYSE: UPS) and FedEx (NYSE: FDX) are now negative, having peaked around 2:00 p.m., and shares have sold off since then for the past hour or so. If selling in the transporting continues, we could see a sharp leg down into the last hour of trading in the quarter.