Can These 4 Transportation Stocks Hit Q3 Earnings Targets?

The widely diversified Zacks Transportation sector is facing multiple headwinds, ranging from inflationinduced elevated interest rates, weak freight demand and lingering supply-chain woes. Geopolitical uncertainties and higher inflation continue to hurt consumer sentiment and growth expectations. The freight market downturn, driven by excess freight capacity than freight volumes, has also hit the sector hard. However, the decline in fuel expenses represents a tailwind for the transportation sector. Notably, ...