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How significant is the impact of tariffs? Wall Street is closely monitoring port, truck, and supply chain data.
When the economic outlook is uncertain, traders often pay attention to shipping and Logistics data, and Transportation stocks are often seen as a "barometer" of the market. The Port of Los Angeles is expected to see a 35% decrease in imports compared to the same period last year this week; trucking companies are reducing their orders for heavy trucks, and the cancellation rate for North American heavy truck orders in March has reached a near two-year high.
Werner Enterprises, Inc.'s (NASDAQ:WERN) Share Price Is Matching Sentiment Around Its Revenues
UBS Maintains Werner Enterprises(WERN.US) With Hold Rating, Cuts Target Price to $27
Werner Enterprises Is Maintained at Neutral by UBS
Werner Builds Safety Momentum in May With 750 Training's Planned Nationwide in Support of OSHA's National Safety Stand-Down
Express News | Werner Enterprises Inc : UBS Cuts Target Price to $27 From $30