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XPO, Saia, Knight-Swift, and Paccar could benefit as tightening trucking capacity and improving freight rates outweigh the hit from soaring diesel prices.
Labor Day travel is heating up despite higher gas prices. Here are three ETFs positioned to benefit from strong holiday travel demand.
The State Street SPDR S&P Transportation ETF (XTN) made its debut on 01/26/2011, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.
Designed to provide broad exposure to the Industrials - Transportation/Shipping segment of the equity market, the State Street SPDR S&P Transportation ETF (XTN) is a passively managed exchange traded fund launched on January 26, 2011.
July 4 travel is set to stay strong despite inflation and high gas prices. These ETFs could benefit from holiday spending trends.
Shares of major less-than-truckload (LTL) transportation companies fell on Wednesday. The decline came after Amazon unveiled a broader expansion of its freight business, raising concerns that the e-commerce giant could become a stronger competitor in the freight and logistics market.
The State Street SPDR S&P Transportation ETF (XTN) made its debut on 01/26/2011, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.
After Spirit Airlines vanished from the skies, its not-quite-sudden collapse raised questions about why the successful low-cost model, born in the U.S. airline industry, is failing.