Reported 2 days ago
In a discussion about the transportation sector's recovery, BofA Securities analyst Ken Hoexter highlighted that FedEx's decision to spin off its freight business represents a 'huge value unlock' for the company. As the sector emerges from a prolonged freight recession, Hoexter noted that independent truckload bankruptcies have helped alleviate excessive capacity, signaling a shift towards improved demand.
Source: YAHOO