URI - Investors bid up transportation and freight stocks with Omicron fears fading

Transportation, freight and logistics stocks are breaking higher again after many names also had a solid session yesterday. Notable gainers include Yellow Corporation (YELL +13.4%), BEST (BEST +9.8%), P.A.M. Transportation Services (PTSI +10.2%), Saia (SAIA +6.1%), TFi International (TFII +5.6%), Tu Simple (TSP +5.0%), ArcBest (ARCB +3.7%), USA Truck (USAK +3.8%), U.S. Xpress Enterprises (USX +1.8%), L.B. Foster (FSTR +1.5%), Trinity Industries (TRN +2.0%), United Rentals (URI +4.6%), Air Lease Corporation (AL +4.4%), Ryder System (R +3.3%), Joby Aviation (JOBY +5.0%), AerCap Holdings (AER +4.4%), Old Dominion Freight Line (ODFL +4.1%), Daseke (DSKE +3.4%), Cryoport (CYRX +6.3%), XPO Logistics (XPO +6.5%), Forward Air (FWRD +4.7%), AirT (AIRT +4.2%) and Covenant Logistics Group (CVLG +3.3%). Those stocks are benefiting with investors feeling more confident that the Omicron COVID variant will not slow down the U.S. economy significantly. Early data from South Africa is still showing that the variant is not as

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Investors bid up transportation and freight stocks with Omicron fears fading