FedEx's belt-tightening on track... while goading UPS
Just as headwinds persist
As it turned out, there was no bounce yesterday for transport and logistics (T&L) from the US stock market after a dreadful Friday session, although some stocks held up better than others.
Which is mildly disappointing, but was always a possible outcome as momentum in T&L seems to have faded away. Not only in the US – our focus today – but also in Europe were all the stocks that we monitor in the sector suffered heavy losses on Monday, after ...
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