Air Freight & Logistics

Citi is lowering its EPS estimates on FedEx (NYSE: FDX) for F3Q11 and F2011 due to cost pressures from sequentially rising fuel prices and disruptive winter weather domestically. Citi reiterates its Buy rating and $110 price target, which is based on a 17x target multiple of its unchanged F2012...

J.P. Morgan is out with a research report this morning, where it reiterates its Overweight rating on Hub Group (NASDAQ: HUBG); it has a $40.00 price target on the stock, up from $36.00. The JPM analysts cited the company's earnings release, which was in line with the JPM estimate, as well as the...

JP Morgan has raised the price target on Hub Group (NASDAQ: HUBG) from $36 to $40 and maintains its Overweight rating.

Air T, Inc. (Nasdaq: AIRT) today reported consolidated net earnings of $599,000 ($0.24 per diluted share) for fiscal 2011's third quarter ended December 31, 2010, compared to consolidated net earnings of $1,247,000 ($0.51 per diluted share) for the third quarter of fiscal 2010. The Company also...

I have a couple of trades to report for you this morning. I would have liked to add more to the portfolio, but I'm choosing to be cautious until the non-stop dip-buying ceases. Not to mention we have the FOMC Statement coming out tomorrow, which is also reason to be cautious heading into that news...

UPS (NYSE: UPS) is scheduled to report 4Q10 EPS on Tues., Feb 1. Piper Jaffray's $1.08 4Q10 EPS is 3% above Consensus $1.05, given its increased conviction in revamped Domestic Package's operating leverage. UPS will now show for the first time during 4Q what peak vols could imply for future...

Piper Jaffray has raised the price target on United Parcel Service (NYSE: UPS) from $85 to $88 and maintains its Overweight rating.

It's no secret that corporations are sitting on huge piles of cash these days. In fact, companies have close to $2 trillion in cash and other liquid assets on their books. It's understandable that companies are a little gun-shy after the recent economic downturn. As the economy improves, however,...

Pacer International, Inc. (NASDAQ: PACR) announced that its Pacer Distribution Services warehouse and distribution operation opened a 200,892 square-foot facility within the Watson Industrial Center in Carson, California.

Jefferies is out with its Transportation Strategy & Economics update today and names C.H. Robinson Worldwide (NASDAQ: CHRW) its stock of the week. In a note to clients, Jefferies writes, "CHRW is worth calling out for the substantial pull-back in sentiment from extreme overbought to near over-...

It's no secret that corporations are sitting on huge piles of cash these days. In fact, companies have close to $2 trillion in cash and other liquid assets on their books. It's understandable that companies are a little gun-shy after the recent economic downturn. As the economy improves, however,...

Dahlman Rose is out with a research report this morning, where it reiterates its Buy rating on Atlas Air Worldwide (NASDAQ: AAWW); it has a $67.00 price target on the stock. The Dahlman Rose analysts noted that the company is adding two B747-400Fs to its DHL Express contract in March. They noted...

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the agreement to place two additional Boeing (NYSE: BA) 747-400 freighter aircraft into express network ACMI service for the benefit of DHL Express beginning in March 2011.

Forward Air Corporation (NASDAQ: FWRD) has elected Ron W. Allen and Larry D. Leinweber as non-management directors of its Board of Directors. The Company's Board now consists of ten members, nine of whom are non-management directors.

UPS (NYSE: UPS) today announced that Dale Hayes, a veteran UPS marketing executive with extensive experience in the world of e-commerce and new media, has been named to lead the UPS Corporate Public Relations Group. Hayes, 54, currently is the vice president of small business and retail marketing...