Why Trucking Stocks Are in the Fast Lane Today
From Yahoo Finance: 2025-05-12 12:46:00
Progress is being made in the US-China trade war, leading to a rally in transportation stocks like XPO, Old Dominion, and Saia. Recent tariff escalations have been scaled back for at least 90 days, boosting optimism on Wall Street. Investors should be prepared for potential rough road ahead as negotiations continue.
Trade talks progress signals hope for trucking companies impacted by tariffs. XPO, Old Dominion, and Saia see stock price surges. Despite potential short-term slowdown, these companies are well-positioned to weather the storm. Investors considering long-term investments in these reliable stocks should be prepared for ups and downs.
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Lou Whiteman has positions in XPO, The Motley Fool has positions in and recommends Old Dominion Freight Line. The Motley Fool also recommends XPO, with disclosure policy. Trucking stocks are in the fast lane due to positive trade talk developments. Visit The Motley Fool for more details.