YELL - UPS lifts freight and logistics sector with strong earnings report

A number of freight, logistics and trucking stocks are tracking higher after a strong earnings report from UPS ([[UPS]] +10.2%). Notable gainers in morning trading include XPO Logistics ([[XPO]] +3.2%), Air T ([[AIRT]] +1.7%), Covenant Logistics Group ([[CVLG]] +10.5%), Yellow Corporation ([[YELL]] +6.0%), J.B. Hunt Transports ([[JBHT]] +1.1%), USA Truck ([[USAK]] +4.0%), U.S. Xpress Enterprises ([[USX]] +4.0%), ArcBest ([[ARCB]] +2.1%) and Steel Connect ([[STCN]] +2.0%). UPS isn't far from trading over $200 for the first time in its history after the earnings blowout. "The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy on the stock – was very strong," updates Bernstein analyst David Vernon on the UPS earnings report. Read more details on the UPS Q1 print.

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UPS lifts freight and logistics sector with strong earnings report