SAIA - Why LTL Stocks Were Surging This Week
2023-06-29 18:08:05 ET
Shares of less-than-truckload (LTL) carriers XPO (NYSE: XPO) , Old Dominion Freight Line (NASDAQ: ODFL) , and Saia (NASDAQ: SAIA) were all climbing the charts this week on signs that rival Yellow could go bankrupt, freeing up market share for competitors like those three pure-play LTL stocks.
Over the course of the week, XPO, Old Dominion, and Saia all benefited from positive analyst notes as well. As of Thursday's close, XPO was up 14.8% for the week, Old Dominion had gained 15.1%, and Saia had tacked on 10.9%, according to data from S&P Global Market Intelligence .
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Why LTL Stocks Were Surging This Week