Zacks Industry Outlook Highlights: United Parcel Service, Inc., FedEx Corporation and CSX Corporation
Chicago, IL – July 22, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Ann Heffron discusses the Transportation sector. Highlighted stocks include: United Parcel Service, Inc. (UPS - Analyst Report), FedEx Corporation (FDX - Analyst Report) and CSX Corporation (CSX - Snapshot Report).
Here is the latest on the Transportation sector:Stock performance in the transportation sector has been very uneven, reflecting the varying fortunes of particular industries within the sector. The median year-to-date-stock price gain/(loss) has been mixed for industries in the Zacks transportation universe, with all industries underperforming the S&P 500’s 3.3% increase, with the exception of railroads and air freight.
Air freight has been helped by large gains in smaller companies as the giants within the air freight sector, United Parcel Service, Inc. (UPS - Analyst Report) and FedEx Corporation (FDX - Analyst Report), are down 10.6% and 8.4% year to date, respectively. The railroads were helped when CSX Corporation (CSX - Snapshot Report) kicked off the second quarter earnings season earlier this week with better-than-expected earnings.
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