Down Under: Smell of a bleak season for freight transport
‘No peak, but it is also lumpy, as well as weak’ – and frustrated fleet ...
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By Mike Weir
Market sentiment can be a bit like the cold, or diarrhoea.
Try as you might to keep your hands clean, some colleague or family member comes down with it, and before long you’re having a bad day too.
So it is for UPS. On an otherwise flat day for the S&P 500, FedEx shed 5% on announcing disappointing Q3 results. UPS slid 3% without even making the news.
Both recovered a bit after the Fed boosted animal spirits on Wednesday, yet the problems ...
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