IYT

Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios

Norfolk Southern Corporation reported second-quarter financial results yesterday. The company reported operating revenue of $3 billion, up 2% Y/Y. Norfolk Southern shares are trading higher after several analysts revised their price target for the stock. The railway company reported adjusted earnings of $ 3.06 per share.

What's Going On With Uber Technologies Shares Today?

The California Supreme Court upheld Proposition 22, affirming the decision for the rideshare companies to consider drivers as independent contractors. In November 2020, California voters approved a measure to allow drivers to work as independent contractor. The ruling is a significant win for the ride-hailing industry.

Should You Invest in the SPDR S&P Transportation ETF (XTN)?

U.S. weekly rail traffic rises 1.4% year-over-year

U.S. Weekly rail traffic rises 1.4% year-over-year for the week ending July 20, 2024. Five of the 10 carload community groups posted a year-to-year increase. The Association of American Railroads reported U.S., Canadian and Mexican rail traffic was 480,083 carloads and intermodal units.

XTN: Equal-Weighted Transports Exposure That's Gaining Steam

SPDR® S&P Transportation ETF offers diversified exposure to the transportation industry with equal weight methodology and 44 stocks. The XTN ETF is poised to outperform compared to cap-weighted rivals, with growth potential in e-commerce. Transports have been stagnant for two years, but opportunities exist with economic activity picking up.

Is SPDR S&P Transportation ETF (XTN) a Strong ETF Right Now?

C.H. Robinson Worldwide Earnings Preview: What to Expect

C.H. Robinson Worldwide, Inc. (CHRW) is a global leader in third-party logistics and supply chain solutions. The company is scheduled to announce its fiscal Q2 earnings results after the market closes on Jul. 31. CHRW stock is up 4.9% on a YTD basis.

Weekly Report: what happened at IYT last week (0715-0719)?