Freight Stocks Plummet as Record-High Diesel Squeezes Profit Margins: 7 Names To Watch
Diesel is up 70% over the past year. J.B. Hunt fell 13% on a Q3 profit warning, dragging Knight-Swift, XPO and Old Dominion lower.
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Citigroup Maintains Neutral on RXO, Lowers Price Target to $23
Citigroup analyst Ariel Rosa maintains RXO (NYSE:RXO) with a Neutral and lowers the price target from $30 to $23.
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Shares of logistics and freight-related companies are trading lower amid sympathy with J.B. Hunt after that company's CFO said at an industry conference that its Q3 earnings may fall 5%-10% quarter-over-quarter due to cost effects.
RXO Says August Truckload Gross Profit Per Load Rose More Than 10% From July, Better Than Prior Outlook; Continues To Expect Q3 Truckload Volume Up Low-To-Mid Single Digit Percentage Year-Over-Year
8-K filing — RXO, Inc. (RXO)
Filed: 2026-09-09 AccNo: 0001929561-26-000041 Size: 172 KB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits