3 Transportation Stocks Worth Buying Following Guidance Raise
ALKAlaska Air(ALK) Zacks Investment Research·2024-05-13 23:26

The first-quarter 2024 earnings season is in its final lap as far as transportation stocks are concerned. It is a well-documented fact that stocks belonging to the Zacks Transportation sector have been hit by multiple headwinds like high fuel and labor costs, weak freight demand and fleet-related woes (for the airline players in the sector). Due to these headwinds, the S&P 500 members from the transportation space (all of whom have reported) saw a 6.1% year-over-year decline in first-quarter 2024 earnings p ...