Weak freight market conditions are likely to have hurt C.H. Robinson's (CHRW) Q3 performance. However, the bottom line is expected to have benefited from cost-control measures.
Retailers looking to ship their goods this holiday season could face challenges finding transport. FedEx (NYSE: FDX) and United Parcel Service (NYSE: UPS) have told some of their largest customers that their holiday capacity is already spoken for, according to a Wall Street Journal report on Monday. FedEx told investors last month it expects "a peak like no other" this holiday season.
In the latest trading session, United Parcel Service (UPS) closed at $174.44, marking a +0.23% move from the previous day.