We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Positive Update at JetBlue (JBLU) From Inflight Crewmembers
Read MoreHide Full Article
In a positive development on the labor front, the inflight crewmembers at JetBlue Airways (JBLU - Free Report) ratified a five-year agreement. They are represented by the Transport Workers Union (TWU). The contract covers roughly 5,500 inflight crewmembers of JBLU, marking the inaugural pact for the airline’s inflight staff with the union.
We remind investors that JetBlue’s inflight crewmembers had voted in favor of a union representation by the TWU in April 2018. Negotiations regarding the contract commenced in August that year. The joy on the approval of the contract was evident from the words of TWU’s international president John Samuelsen who was quoted saying “As of today, our JetBlue Inflight Crewmembers are no longer ‘at-will’ employees of the carrier, but Union workers whose employment is secured by an enforceable collective bargaining agreement. What a huge difference it is.”
The ratification of the contract after a long bargaining process implies a happy ending for JetBlue’s inflight crewmembers. Following this approval, the inflight crew will enjoy benefits entitled to the deal with the union. Satisfied labor groups always bode well as far as the operations of a company are concerned.
Here are some better-ranked stocks within the broader Transportation sector:
Expeditors International of Washington (EXPD - Free Report) sports a Zacks Rank #1, presently. EXPD has a stellar earnings surprise history. Its earnings outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 29.1%.
Shares of Expeditors have appreciated more than 42% so far this year. Increased airfreight revenues aid EXPD in this coronavirus-ravaged scenario. Evidently, the metric soared approximately 54% year over year in the first nine months of 2021. We are also encouraged by EXPD’s measures to reward its shareholders through dividends and buybacks.
Schneider National (SNDR - Free Report) flaunts a Zacks Rank of 1, presently. SNDR’s earnings outperformed the Zacks Consensus Estimate in each of the previous four quarters, the average being 21%.
Shares of Schneider National have rallied more than 27% so far this year. SNDR gets a boost from its strong Intermodal and Logistics units. The Intermodal segment is benefiting from yield management and expanded volumes. The Logistics unit is thriving on the back of favorable market conditions and other factors.
ArcBest Corporation (ARCB - Free Report) is currently Zacks #1 Ranked. ARCB’s earnings trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 27.4%.
Shares of ArcBest have surged more than 100% so far this year. Improving freight conditions in the United States bode well for ARCB. Solid customer demand and higher market rates are fueling growth at ARCB.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Positive Update at JetBlue (JBLU) From Inflight Crewmembers
In a positive development on the labor front, the inflight crewmembers at JetBlue Airways (JBLU - Free Report) ratified a five-year agreement. They are represented by the Transport Workers Union (TWU). The contract covers roughly 5,500 inflight crewmembers of JBLU, marking the inaugural pact for the airline’s inflight staff with the union.
We remind investors that JetBlue’s inflight crewmembers had voted in favor of a union representation by the TWU in April 2018. Negotiations regarding the contract commenced in August that year. The joy on the approval of the contract was evident from the words of TWU’s international president John Samuelsen who was quoted saying “As of today, our JetBlue Inflight Crewmembers are no longer ‘at-will’ employees of the carrier, but Union workers whose employment is secured by an enforceable collective bargaining agreement. What a huge difference it is.”
The ratification of the contract after a long bargaining process implies a happy ending for JetBlue’s inflight crewmembers. Following this approval, the inflight crew will enjoy benefits entitled to the deal with the union. Satisfied labor groups always bode well as far as the operations of a company are concerned.
Zacks Rank & Key Picks
JetBlue Airways currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Here are some better-ranked stocks within the broader Transportation sector:
Expeditors International of Washington (EXPD - Free Report) sports a Zacks Rank #1, presently. EXPD has a stellar earnings surprise history. Its earnings outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 29.1%.
Shares of Expeditors have appreciated more than 42% so far this year. Increased airfreight revenues aid EXPD in this coronavirus-ravaged scenario. Evidently, the metric soared approximately 54% year over year in the first nine months of 2021. We are also encouraged by EXPD’s measures to reward its shareholders through dividends and buybacks.
Schneider National (SNDR - Free Report) flaunts a Zacks Rank of 1, presently. SNDR’s earnings outperformed the Zacks Consensus Estimate in each of the previous four quarters, the average being 21%.
Shares of Schneider National have rallied more than 27% so far this year. SNDR gets a boost from its strong Intermodal and Logistics units. The Intermodal segment is benefiting from yield management and expanded volumes. The Logistics unit is thriving on the back of favorable market conditions and other factors.
ArcBest Corporation (ARCB - Free Report) is currently Zacks #1 Ranked. ARCB’s earnings trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 27.4%.
Shares of ArcBest have surged more than 100% so far this year. Improving freight conditions in the United States bode well for ARCB. Solid customer demand and higher market rates are fueling growth at ARCB.