Freight Stocks Plummet as Record-High Diesel Squeezes Profit Margins: 7 Names To Watch

Why C.H. Robinson Stock Was Sliding Again Today

C.H. Robinson's stock fell 4.3% today following a 11% drop yesterday after announcing its acquisition of RXO for approximately $3 billion. Wall Street analysts Bank of America and Evercore lowered their price targets, citing concerns about capital dilution and deal timing, though both maintained buy-equivalent ratings. The company plans to suspend share buybacks and take on new debt to fund the acquisition, but expects the deal to be earnings accretive within nine months if it can achieve $300 million in synergies.

C.H. Robinson Worldwide shares are trading lower after Evercore ISI Group lowered its price target on the stock from $237 to $217.

Evercore ISI Group Maintains Outperform on C.H. Robinson Worldwide, Lowers Price Target to $217

Evercore ISI Group analyst Jonathan Chappell maintains C.H. Robinson Worldwide (NASDAQ:CHRW) with a Outperform and lowers the price target from $237 to $217.

Why C.H Robinson Stock Was Tumbling Today

C.H. Robinson announced a $5.8 billion acquisition of RXO in a stock-and-cash deal, expecting $300 million in annual cost synergies. However, investors reacted negatively to the news, concerned about the company taking on approximately $3 billion in new debt and pausing share buybacks. C.H. Robinson stock fell 12.7% while RXO gained 21.9%.

J.B. Hunt’s Diesel Shock Hits Transportation ETFs: Which Funds Have the Most Fuel-Sensitive Exposure?

J.B. Hunt’s profit warning and record diesel prices are putting transportation ETFs under pressure. Here’s how XTN, IYT and FTXR compare on trucking exposure.

UPS Invests $2 Billion to Boost Global Shipping Speed

UPS is investing more than $2 billion across Europe, Asia-Pacific and the Americas to improve delivery speed, reliability and customer control.