에 대한 최신 뉴스 ArcBest (NASDAQ:ARCB) 주식

ArcBest

ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries. The segment operations include national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed LTL services. The services including freight transportation related to managed transportation solutions and other services. The Asset-Light segment includes the results of operations of the Company's service offerings in truckload, ground expedite, dedicated, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean, and ground.

ArcBest Corp

Arcblock - United States Dollar

JP Morgan analyst Brian Ossenbeck maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and lowers the price target from $134 to $133.

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ARCB

JP Morgan Maintains Neutral on ArcBest, Lowers Price Target to $133

TD Cowen analyst Jason Seidl maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $136 to $131.

TD Cowen Maintains Buy on ArcBest, Lowers Price Target to $131

Stephens &amp; Co. analyst Daniel Imbro reiterates ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and maintains $130 price target.

Reiteration

Stephens & Co. Reiterates Overweight on ArcBest, Maintains $130 Price Target

Wells Fargo analyst Christian Wetherbee downgrades ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) from Overweight to Equal-Weight and lowers the price target from $122 to $112.

Downgrades

Wells Fargo Downgrades ArcBest to Equal-Weight, Lowers Price Target to $112

B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Underperform and lowers the price target from $102 to $99.

B of A Securities Maintains Underperform on ArcBest, Lowers Price Target to $99

Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Coupang</h3>
<ul>
<li>The Trade: Coupang, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NASDAQ">CPNG</a>) Director Neil Mehta <a href="https://www.benzinga.com/quote/CPNG/analyst-ratings">acquired a total of 950,000 shares </a> at an average price of $22.34. To acquire these shares, it cost around $21.2 million.</li>
<li>What's Happening: On Aug. 6, Coupang reported better-than-expected second-quarter adjusted EPS results.</li>
<li>What Coupang Does: Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products.</li>
</ul>
<h3 class="wp-block-heading">Comstock Resources</h3>
<ul>
<li>The Trade: Comstock Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) 10% owner Jerral W. Jones acquired a total of 2,633,634 shares at an average price of $9.79. To acquire these shares, it cost around $25.8 million.</li>
<li>What's Happening: On July 30, Comstock Resources posted worse-than-expected second-quarter financial results.</li>
<li>What Comstock Resources Does: Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets.</li>
</ul>
<h3 class="wp-block-heading">ArcBest</h3>
<ul>
<li>The Trade: ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) Director Salvatore A Abbate <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,000 share</a>s at an average price of $103.93. To acquire these shares, it cost around $103,930.</li>
<li>What's Happening: On Aug. 2, ArcBest reported worse-than-expected second-quarter adjusted EPS results.</li>
<li>What ArcBest Does: ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries.</li>
</ul>
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</ul>

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CPNG

$21M Bet On Coupang? Check Out These 3 Stocks Insiders Are Buying

Stifel analyst J. Bruce Chan maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $150 to $131.

Stifel Maintains Buy on ArcBest, Lowers Price Target to $131

ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) reported worse-than-expected second-quarter adjusted<a href="https://www.benzinga.com/news/earnings/24/08/40135447/why-is-logistics-company-arcbest-stock-plunging-today"> EPS results on Friday</a>.
ArcBest reported a second-quarter FY24 revenue of $1.08 billion, ahead of the consensus of $1.06 billion. Adjusted EPS was $1.98 compared to $1.54 a year ago, missing the consensus of $2.06, according to data from<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a>.
Asset-Based $712.7 million (per-day decrease of 2.1%), and Asset-Light $395.8 million (per-day decrease of 4.2%). Asset-based business total tonnage per day decreased by 20.3%, and total shipments per day fell by 4.8% Y/Y.
ArcBest declared a quarterly cash dividend of $0.12 per share, payable on August 27, 2024.
"I am incredibly proud of our employees' commitment to utilizing our quality process in pursuit of excellence every day. This dedication has led to significant improvements in our operational execution, with ABF Freight achieving its best on-time service performance in recent years," Judy R. McReynolds, ArcBest Chairman and CEO, said. "Furthermore, our substantial year-over-year improvement in operating income is a solid performance, especially considering ongoing macroeconomic headwinds."
ArcBest shares gained 1.3% to trade at $106.83 on Monday.
These analysts made changes to their price targets on ArcBest following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58502bcfee7bf6000190795f/brian-ossenbeck">JP Morgan analyst Brian Ossenbeck</a> maintained ArcBest with a Neutral rating, while increasing the price target from $127 to $134.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b4c8a3b48de5a00018ab4df/jason-seidl">TD Cowen analyst Jason Seidl</a> maintained ArcBest with a Buy rating, while lowering the price target from $148 to $136.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/news/24/08/40161976/home-depot-to-rally-more-than-14-here-are-10-top-analyst-forecasts-for-monday"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40161976/home-depot-to-rally-more-than-14-here-are-10-top-analyst-forecasts-for-monday">Home Depot To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Monday</a></li>
</ul>

Earnings

These Analysts Revise Their Forecasts On ArcBest Following Q2 Results

TD Cowen analyst Jason Seidl maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $148 to $136.

TD Cowen Maintains Buy on ArcBest, Lowers Price Target to $136

JP Morgan analyst Brian Ossenbeck maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and raises the price target from $127 to $134.

JP Morgan Maintains Neutral on ArcBest, Raises Price Target to $134

ArcBest Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>)&nbsp;reported&nbsp;a second-quarter&nbsp;FY24&nbsp;revenue of&nbsp;$1.08 billion,&nbsp;ahead <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40125158/arcbest-announces-second-quarter-2024-results" rel="noreferrer noopener">of the consensus of&nbsp;$1.06 billion</a>.
Sales by segments: Asset-Based&nbsp;$712.7 million&nbsp;(per-day decrease of&nbsp;2.1%), and Asset-Light&nbsp;$395.8 million&nbsp;(per-day decrease of&nbsp;4.2%).&nbsp;&nbsp;
Asset-based business total tonnage per day decreased by&nbsp;20.3%, and total&nbsp;shipments per day&nbsp;fell by&nbsp;4.8% Y/Y.
Pricing momentum persisted this quarter due to a better freight mix, higher pricing on transactional shipments and contract renewal increases of&nbsp;5.1%, with overall LTL industry pricing staying rational.
Meanwhile, Asset-Light revenues declined due to lower revenue per shipment and reduced margins from a soft rate environment and a higher share of lower-margin managed transportation business. Shipments per day grew by&nbsp;12.6%&nbsp;Y/Y.
Adjusted EBITDA from continuing operations rose to $94.8 million from $76.30 million a year ago. Adjusted EPS was&nbsp;$1.98&nbsp;compared to&nbsp;$1.54&nbsp;a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of&nbsp;$2.06.</a>
ArcBest&#8217;s operating cash flow for the six months totaled&nbsp;$140.2 million, compared to&nbsp;$103.8 million&nbsp;a year ago.&nbsp;The company held cash and equivalents of&nbsp;$260.5 million&nbsp;as of&nbsp;June-end.
ArcBest declared a quarterly cash dividend of&nbsp;$0.12 per share, <a target="_blank" href="https://www.benzinga.com//node/40039769" rel="noreferrer noopener">payable on&nbsp;August 27, 2024.</a>
Judy R. McReynolds, ArcBest Chairman and CEO, said, &#8220;I am incredibly proud of our employees&#8217; commitment to utilizing our quality process in pursuit of excellence every day. This dedication has led to significant improvements in our operational execution, with ABF Freight achieving its best on-time service performance in recent years.&#8221;
&#8220;Furthermore, our substantial year-over-year improvement in operating income is a solid performance, especially considering ongoing macroeconomic headwinds.&#8221;
Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRSH#NYSE">NRSH</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: ARCB shares traded lower by&nbsp;10.9%&nbsp;at&nbsp;$108.37 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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Why Is Logistics Company ArcBest Stock Plunging Today?

WIIM

ArcBest shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) reported quarterly earnings of $1.98 per share which missed the analyst consensus estimate of $2.06 by 3.88 percent. This is a 28.57 percent increase over earnings of $1.54 per share from the same period last year. The company reported quarterly sales of $1.077 billion which beat the analyst consensus estimate of $1.056 billion by 1.99 percent. This is a 2.36 percent decrease over sales of $1.103 billion the same period last year.

Earnings Beats

Earnings Misses

ArcBest Q2 2024 Adj. EPS $1.98 Misses $2.06 Estimate, Sales $1.077B Beat $1.056B Estimate

B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Underperform and raises the price target from $110 to $112.

B of A Securities Maintains Underperform on ArcBest, Raises Price Target to $112

Vice President of Engineering at ABF, Matt Godfrey, Appointed ABF President
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Farcb.com%2F&amp;esheet=54095984&amp;newsitemid=20240718545014&amp;lan=en-US&amp;anchor=ArcBest&amp;index=1&amp;md5=04e7cbf9d8359d831944ee03832856bc">ArcBest</a>&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>), a leader in supply chain logistics, announced today that Seth Runser, president of ABF Freight, will become president of ArcBest effective August 1, 2024. Judy R. McReynolds will remain chief executive officer and chairman of the board.

Management

Seth Runser Appointed President Of ArcBest, Effective August 1, 2024

ArcBest shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $145 to $127.

JP Morgan analyst Brian Ossenbeck downgrades ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) from Overweight to Neutral and lowers the price target from $145 to $127.

JP Morgan Downgrades ArcBest to Neutral, Lowers Price Target to $127

Morgan Stanley analyst Ravi Shanker maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and lowers the price target from $180 to $176.

Morgan Stanley Maintains Overweight on ArcBest, Lowers Price Target to $176

ArcBest shares are trading higher after Wells Fargo initiated coverage with an Overweight rating and announced a price target of $140.

Wells Fargo analyst Christian Wetherbee initiates coverage on ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight rating and announces Price Target of $140.

Initiation

Wells Fargo Initiates Coverage On ArcBest with Overweight Rating, Announces Price Target of $140

FedEx sends a shiver throughout the transportation and logistics sectors with soft guidance

FedEx losses mount as gloomy outlook permeates transportation sector

The prospects of the transportation market appear robust with the upcoming holiday season, infrastructure developments, rising consumer spending and improving supply chains. Thus, investing in fundamentally sound transportation stocks FedEx (FDX), Westinghouse Air Brake Technologies (WAB), and ArcBest (ARCB) could be wise. Read more... The transportation and freight market is experiencing significant growth owing to the increasing reliance on e-commerce and global trade, advancements in technology, and supportive government initiatives, and the normalizing supply chains.
Given the industry tailwinds, it could be wise to invest in fundamentally sound transportation stocks FedEx Corporation (<a href="https://stocknews.com/stock/FDX/">FDX</a>), Westinghouse Air Brake Technologies Corporation (<a href="https://stocknews.com/stock/WAB/">WAB</a>), and ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>) as supply chain prospers again.
Currently, in the U.S., the transportation market growth is influenced by robust private consumption, supporting the shipping of durable and non-durable consumer goods demand. Also, continuous <a href="https://atradius.in/reports/transportation-and-logistics-industry-trends-july-2024.html#:~:text=USA%3A%20Robust%20private%20consumption%20drives,and%20by%202.0%25%20in%202025.">government initiatives to improve infrastructure</a> will likely promote greater supply chain efficiency and reduce costs benefiting the market.
Further, the market looks promising with the festival and holiday season ahead and anticipation of peak spending. <a href="https://www.statista.com/outlook/io/transportation/united-states#:~:text=Value%20added%20in%20the%20Transportation,7.19tn%20TKM%20in%202024.">Value added in the transportation market</a> is expected to be $690 billion in 2024, and the volume of goods transported is projected to amount to 7.19 trillion TKM.
Further, with favorable factors like urbanization, a growing population, rising demand for online shopping through e-commerce platforms, and improving infrastructure and logistics, the global transportation industry market is expected to grow to $11.10 trillion by 2024, expanding at a <a href="https://www.datamintelligence.com/research-report/transportation-industry-market">CAGR of 5.4%</a>.
Further, the <a href="https://www.mordorintelligence.com/industry-reports/united-states-freight-logistics-market/market-size">United States freight and logistics market</a>, one of the most developed logistics markets globally, is projected to grow from $1.33 trillion in 2024 to $1.67 trillion by 2030. The market is poised to register a CAGR of 3.9%, driven by strategic infrastructure investments and technological advancements.
Given the industry's robust outlook, investing in quality transportation stocks such as FDX, WAB, and ARCB could be wise for future gains.
FedEx Corporation (<a href="https://stocknews.com/stock/FDX/">FDX</a>)
FDX provides transportation, e-commerce, and business services internationally. The company operates through FedEx Express; FedEx Ground; FedEx Freight; and FedEx Services segments. It offers express transportation, small-package ground delivery, freight transportation services, and time-critical transportation services.
On September 18, FDX launched fdx.com, which is available to FedEx customers in the U.S. It is a data-driven commerce platform with powerful FedEx network insights that connect the entire customer journey. The platform will help FDX's customers to grow demand, increase conversion, optimize fulfillment, and streamline returns.
On September 5, FDX announced a strategic alliance and investment with Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, in order to scale FedEx Fulfillment with their fully autonomous 3PL model. The strategic investment in Nimble will expand FDX's e-commerce footprint and scale FedEx Fulfillment offerings across North America.
FDX reported a total revenue of $21.58 billion during the first quarter that ended August 31, 2024, and its adjusted operating income was $1.21 billion. The company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS amounted to $892 million and $3.60 for the quarter, respectively.
Furthermore, as of August 31, 2024, the company's cash and cash equivalents and total assets stood at $5.94 billion and $86.71 billion, respectively.
Analysts expect FDX's revenue for the second quarter (ending November 2024) to increase 1.9% year-over-year to $22.60 billion, and its EPS for the same quarter is expected to grow 13.1% year-over-year to $4.51. For the fiscal year (ending May 2025), the company's revenue and EPS are expected to grow 2.4% and 17.6% year-over-year to $89.82 billion and $20.93, respectively.
Shares of FDX have surged 17.1% over the past six months and 20.2% over the past year to close the last trading session at $300.39.
FDX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
FDX has a B grade for Growth and Quality. It is ranked #1 out of 16 <a href="https://stocknews.com/category/air-freight-shipping/">Air Freight &amp; Shipping Services</a> industry stocks.
In addition to the POWR Ratings we've stated above, we also have other ratings of FDX for Sentiment, Momentum, Stability, and Value. Get all FDX ratings <a href="https://stocknews.com/stock/FDX/">here</a>.
Westinghouse Air Brake Technologies Corporation (<a href="https://stocknews.com/stock/WAB/">WAB</a>)
WAB provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries globally. The company offers diesel-electric, battery, and liquid natural gas-powered locomotives, engines, electric motors, propulsion systems, and marine and mining products.
On July 30, WAB secured a $277 million order for Evolution Series ES43ACmi locomotives (Rio Tinto JV) to support the Simandou Iron Ore Project. The order will provide a locomotive fleet to service the rail operations for the Simandou high-grade iron ore project located east of Guinea.
On July 18, WAB's Board of Directors declared a regular quarterly common dividend of $0.20 per share, paid on August 28, 2024, to holders of record on August 14, 2024.
WAB's annual dividend of $0.80 equates to a yield of 0.46% at the current share price. Its four-year average dividend yield is 0.58%. Also, the company's dividend payouts have increased at a CAGR of 17.1% over the past three years.
During the second quarter that ended June 30, 2024, WAB's net sales rose 9.8% year-over-year to $2.64 billion. Its adjusted gross profit increased 20.4% year-over-year to $880 million. The company's adjusted income from operations of $510 million indicates growth of 29.1% from the prior year's quarter.
Furthermore, the company's adjusted net income and EPS came in at $348 million and $1.96, up 35.9% and 39% year-over-year, respectively.
Street expects WAB's revenue and EPS for the third quarter (ending September 2024) to increase 5.2% and 11% year-over-year to $2.68 billion and $1.89, respectively. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
Over the past six months, WAB's stock has gained 25.4% and 64.9% over the past year to close the last trading session at $178.24.
WFRD's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Sentiment, and Quality. WAB has topped in the list of 16 stocks within the B-rated <a href="https://stocknews.com/category/railroads/">Railroads</a> industry.
<a href="https://stocknews.com/stock/WAB/">Click here</a> to access additional ratings of WAB for Momentum, Stability and Value.
ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>)
ARCB is an integrated logistics company engaged in ground, air, and ocean transportation solutions. It operates in two segments: Asset-Based; and Asset-Light. The company offers less-than-truckload services that transport general commodities, like food, textiles, apparel, furniture, appliances, chemicals, and non-bulk petroleum products.
On August 6, ARCB joined TriumphPay Network as a full audit and payments network participant. ARCB joined the network as part of TriumphPay's strategy to serve carriers better, improve operational efficiency, and enhance payment security. The customer alliance will potentially result in expansion and growth for the companies in the freight industry.
On July 30, ARCB's Board of Directors declared a quarterly cash dividend of $0.12 per share to holders of record of its common stock on August 13, 2024, paid on August 27, 2024.
ARCB pays an annual dividend of $0.48, which translates to a yield of 0.43% at the current share price. Its four-year average dividend yield is 0.49%. Moreover, the company's dividend payouts have increased at a CAGR of 14.5% over the past three years.
For the second quarter that ended June 30, 2024, ARCB reported revenue of $1.08 billion, while its non-GAP operating income rose 28.1% from the year-ago value to $64.20 million. The company's non-GAAP net income from continuing operations and EPS came in at $47.38 million and $1.98, up 24.8% and 28.6% year-over-year, respectively.
Furthermore, the company's adjusted EBITDA increased 24.3% from the year-ago value to $94.86 million.
Analysts expect ARCB's EPS for the first quarter (ending March 2025) to increase 20.3% year-over-year to $1.61, and its revenue for the same period is expected to grow 4% year-over-year to $1.08 billion. Moreover, the company topped the consensus revenue estimates in each of the trailing four quarters.
ARCB's stock has surged 7.1% over the past month and 16.1% over the past year to close the last trading session at $115.83.
ARCB's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
ARCB has a B grade for Growth, Momentum, and Value. The stock is ranked first among the 17 stocks in the <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> industry.
To access ARCB's other ratings, <a href="https://stocknews.com/stock/ARCB/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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FDX shares were trading at $255.34 per share on Friday afternoon, down $45.05 (-15.00%). Year-to-date, FDX has gained 2.50%, versus a 20.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/fdx-wab-arcb-3-transportation-stocks-to-buy-as-supply-chains-normalize/>3 Transportation Stocks to Buy as Supply Chains Normalize</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Transportation Stocks to Buy as Supply Chains Normalize

The transportation industry is thriving due to the e-commerce surge. AerCap Holdings (AER), Matson, Inc (MATX), and ArcBest Corporation (ARCB) are well-positioned to capitalize on increased shipping demand, leveraging technology and logistics solutions to enhance their growth in this expanding market. Read more… The transportation industry is witnessing remarkable growth, propelled by the adoption of advanced technologies, a heightened reliance on e-commerce, and supportive government initiatives.
Consequently, investors may consider increasing their stakes in AerCap Holdings N.V. (<a href="https://stocknews.com/stock/AER/">AER</a>), Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>), and ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>), all of which are well-positioned to capitalize on these emerging industry trends.
The demand for faster shipping options is on the rise, with businesses increasingly embracing same-day and on-demand shipping solutions. The popularity of e-commerce, driven by numerous online shopping platforms catering to growing consumer needs, is propelling a boom in the transportation industry and reshaping logistics operations.
Moreover, Artificial Intelligence (AI) is playing a transformative role in the shipping and logistics market. The Gitnux Market Data Report 2024 estimates that the AI market in shipping and logistics will reach <a href="https://www.weforum.org/agenda/2024/05/logistics-growth-trends/">$12.87 billion by 2026</a>. The surge in AI adoption is facilitating the industry's push toward more innovative and efficient operational practices.
Additionally, ongoing government initiatives aimed at improving infrastructure are likely to promote greater supply chain efficiency, ultimately reducing costs and benefiting the market as a whole. That being said, the U.S. transportation and logistics industry is anticipated to <a href="https://atradius.in/reports/transportation-and-logistics-industry-trends-july-2024.html#:~:text=USA%3A%20Robust%20private%20consumption%20drives,and%20by%202.0%25%20in%202025.">grow by 2.7%</a> in 2024.
Furthermore, as per a report published by Mordor Intelligence, the global e-commerce market, estimated at $8.80 trillion in 2024, is expected to reach $8.81 trillion by 2029, growing at a <a href="https://www.mordorintelligence.com/industry-reports/global-ecommerce-market">CAGR of 15.8%</a>. This growth presents significant opportunities for the transportation sector to expand its services and capabilities.
Considering these favorable trends, let's take a closer look at the fundamentals of the three transportation stocks, starting with #3.
Stock #3: AerCap Holdings N.V. (<a href="https://stocknews.com/stock/AER/">AER</a>)
Based in Dublin, Ireland, AER offers a range of lease assets, including aircraft, engines, helicopters, and more. With a portfolio of approximately 1,717 aircraft, 1000 engines, and 300 helicopters, the company serves approximately 300 customers worldwide, offering comprehensive fleet solutions and aftermarket components, equipment, and services.
On August 1, AER announced the delivery of three <a href="https://www.aercap.com/news-media/press-releases/detail/577/aercap-announces-delivery-of-first-three-airbus-a321neo">Airbus A321neo</a> aircraft on a long-term lease to AirAsia Group as part of a fifteen-aircraft deal. The rest of the twelve aircraft are to be delivered in 2024 and 2025.
With a 30-year-long partnership with AirAsia, AER is to benefit from the long-term business deal. The collaboration could secure sustained business for AER, ensuring the company's steady expansion in the competitive aviation leasing industry.
On July 9, AER announced a <a href="https://www.aercap.com/news-media/press-releases/detail/574/aercap-to-lease-ten-new-airbus-a321neo-aircraft-to-turkish">lease agreement with Turkish Airlines</a> for the lease of ten Airbus A321neo aircraft. By supporting Turkish Airlines' fleet modernization, AER could enhance its international partnerships and strengthen its global market position, boosting its brand visibility and business potential worldwide.
For the fiscal 2024 second quarter that ended June 30, AER's total revenues and other income increased 1.8% year-over-year to $1.96 billion. Its net income attributable to AER came in at $448.17 million. Moreover, the company's EPS came in at $2.28, representing an increase of 7.5% from the previous year's quarter.
Analysts predict AER's revenue for the fiscal year ending December 2024 to increase 3.7% year-over-year to $7.86 billion. The company's EPS for the current year is also estimated to rise 3.2% from the prior year to $11.07 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters.
AER's stock has surged 30.1% over the past nine months and 54.6% over the past year to close the last trading session at $96.62.
AER's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
AER has an A grade for Sentiment and a B for Momentum and Quality. Within the <a href="https://stocknews.com/category/air-freight-shipping/">Air Freight &amp; Shipping Services</a> industry, it is ranked #2 out of 16 stocks.
Beyond what we stated above, we also have given AER grades for Growth, Value, and Stability. Get all AER ratings <a href="https://stocknews.com/stock/AER/">here</a>.
Stock #2: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
MATX specializes in ocean transportation and logistics. Its Ocean Transportation segment delivers freight services to domestic non-contiguous economies. The Logistics segment offers services like multimodal transportation brokerage, supply chain management, and non-vessel operating common carrier freight forwarding.
MATX's total operating revenue for the fiscal 2024 second quarter ended June 30, 2024, increased 9.6% year-over-year to $847.40 million. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 28.9% over the year-ago value to $124.60 million. Also, the company's net income and EPS rose 40.1% and 46.5% from the prior year's period to $113.20 million and $3.31, respectively.
MATX anticipates significantly <a href="https://investor.matson.com/news-releases/news-release-details/matson-inc-announces-second-quarter-2024-results">higher operating income</a> for Ocean Transportation in the third quarter of 2024, surpassing the $118.2 million achieved in the same period last year. For the fourth quarter of 2024, the company projects a moderate increase in operating income compared to the $66.4 million recorded in 2023.
Additionally, MATX expects its consolidated operating income for the third quarter of 2024 to be significantly higher than the $132.1 million earned in the third quarter of 2023 and for the fourth quarter of 2024 to also be higher than the $75.3 million achieved in the fourth quarter of 2023.
For the fiscal third quarter (ending in September 2024), MATX's revenue and EPS are expected to grow 16.9% and 37.2% year-over-year to $967.68 million and $4.66, respectively. Moreover, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of MATX have gained 23.9% over the past nine months and 58.3% over the past year to close the trading session at $138.54.
MATX's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
MATX has a B grade for Value, Sentiment, Momentum, and Quality. The stock is ranked #4 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry.
To access additional grades of MATX for Growth and Stability ratings, <a href="https://stocknews.com/stock/MATX/">click here</a>.
Stock #1: ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>)
ARCB, a logistics powerhouse, employs technology and comprehensive solutions to fulfill its clients' supply chain requirements. It operates in two segments: Asset-Based, offering less-than-truckload services; and Asset-Light, encompassing ground expedited services, truckload brokerage, household goods moving, and managed transportation solutions.
On August 6, ARCB announced a <a href="https://triumphpay.com/arcbest-joins-the-triumphpay-network/">partnership with TriumphPay</a>, a premier payments network for freight brokers, factors, shippers, and carriers. By becoming a full audit and payments network participant, ARCB is expected to benefit from faster and more secure payment processes, enhancing its appeal as a preferred partner for carriers and driving significant growth opportunities.
On March 18, ARCB announced a collaboration with NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>), integrating the <a href="https://arcb.com/about/news-events/press-releases/arcbest-helps-bridge-robotics-and-logistics-gap-using-nvidia-technology">NVIDIA Isaac Perceptor platform</a> into its material-handling processes. By employing cutting-edge machine vision technology, the partnership will enhance safety and efficiency across warehouses, distribution centers, and manufacturing facilities.
This advancement positions ARCB to better meet the growing market demands, ultimately leading to increased efficiency, reduced operational costs, and improved competitiveness within the logistics industry.
For the fiscal 2024 second quarter that ended June 30, ARCB reported revenues of $1.08 billion. Its non-GAAP operating income from continuing operations rose 28.1% from the year-ago value to $64.20 million. Furthermore, the company's adjusted EBITDA from continuing operations increased 24.3% from the prior year's period to $94.86 million.
Also, the company's non-GAAP net income and non-GAAP EPS from continuing operations came in at $47.38 million and $1.98, up 24.8% and 28.6% year-over-year, respectively.
The consensus revenue and EPS estimates of $4.56 billion and $9.78 for the fiscal year ending December 2025 reflect a rise of 6.2% and 37.8% year-over-year, respectively. Moreover, the company topped the consensus revenue estimates in all four trailing quarters.
ARCB's stock has surged 4.3% over the past three months and 10.6% over the past year to close the last trading session at $110.93.
ARCB's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
ARCB has a B grade for Growth, Momentum, and Value. It has topped the 17-stock <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> industry.
To access ARCB's Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/ARCB/">click here</a>.
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<hr />
AER shares were unchanged in premarket trading Tuesday. Year-to-date, AER has gained 30.71%, versus a 20.61% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aer-matx-arcb-nvda-3-transportation-stocks-gaining-from-the-e-commerce-boom/>3 Transportation Stocks Gaining from the E-Commerce Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Transportation Stocks Gaining from the E-Commerce Boom

ArcBest ( ($ARCB) ) has provided an update. ArcBest Corporation's Chief Innovation Officer, Michael E. Newcity, is set to retire in December 2024 a...

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CHRW

EXPD

JBHT

MATX

NVDA

ODFL

SAIA

SNDR

WERN

Press Releases

ArcBest Announces First Quarter 2024 Results

ArcBest Partners with Scholarship America to Offer Company's Inaugural Employee Dependent Scholarship Program

ArcBest Wins "Robotics Innovation of the Year" In 2024 SupplyTech Breakthrough Awards Program

ArcBest Announces Its Second Quarter 2024 Earnings Conference Call

ABF Freight President Seth Runser Appointed President of ArcBest

ArcBest Declares a $0.12/Share Quarterly Dividend

ArcBest Announces Second Quarter 2024 Results

Contracts

ArcBest Joins the TriumphPay Network to Enhance Carrier Payments

ArcBest Announces Retirement and Succession of Chief Innovation Officer and President of ArcBest Technologies

ArcBest Announces Its Third Quarter 2024 Earnings Conference Call

TFIN

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Covenant Logistics Gr

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JB Hunt Transport Servs

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