BUZZ-Barclays lifts PT on US transportation companies as freight outlook improves

Reuters01-15
BUZZ-Barclays lifts PT on US transportation companies as freight outlook improves

** Barclays raises PT on Old Dominion Freight Line ODFL.O, J.B. Hunt Transport JBHT.O and Expeditors International of Washington EXPD.N

** Says truckload rates are rising, signaling a positive turn in the freight cycle and fueling a rally in transportation stocks

** Adds Old Dominion is keeping pricing and costs in check, but brokerage expects 2026 to be its fourth straight year of tonnage declines

** J.B. Hunt's domestic intermodal volumes have outpaced its main rail partners for two quarters, a trend likely continuing in Q4 - Barclays

** In 2025, EXPD rose 34.5%, JBHT gained 13.9%, while ODFL fell 11.1%

Company

New PT

Old PT

Rating Maintained

Expeditors International

$135

$110

Under Weight

FTAI Aviation

$260

$200

Overweight

J.B. Hunt

$200

$150

Equal Weight

Old Dominion

$165

$150

Equal Weight

Werner Enterprises

$33

$28

Equal Weight

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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