Ken Hoexter

United Parcel Service, Inc. (NYSE: UPS) has officially named former PepsiCo, Inc. (NASDAQ: PEP) Latin America finance executive Brian Newman as its new CFO, and one analyst said Newman will bring a much-needed fresh perspective to the UPS team. The Analyst Bank of America analyst Ken Hoexter...

IAA Inc. (NYSE: IAA) has rallied 8% in the past week and is now up 18% since it split off from KAR Auction Services, Inc. (NYSE: KAR) in late June. The salvage auction stock is on fire — along with other trucking stocks — in the past two days, Bank of America Merrill Lynch analyst Ken...

The boom in online buying is again forcing a big shipper to expand its service, and that's going to mean more cost. FedEx Corporation (NYSE: FDX) announced on Thursday ground-parcel delivery unit FedEx Ground will add Sunday delivery, starting in January. The move comes just months after FedEx...

FedEx Corporation (NYSE: FDX) stock dropped nearly 6 percent Wednesday after the company reported below-consensus third-quarter earnings and cut its 2019 guidance. FedEx warned that the international trade war is negatively impacting global growth. “Slowing international macroeconomic...

The fundamentals of Genesee & Wyoming Inc (NYSE: GWR), which owns or leases short-line and regional freight railroads, are on solid footing, but valuation has sent Bank of America Merrill Lynch to the sidelines. The Analyst Analyst Ken Hoexter downgraded Genesee & Wyoming from Buy to...

United Parcel Service Inc (NYSE: UPS)’s network transformation plans could improve margins and give the company additional upside earnings potential, according to Bank of America Merrill Lynch. The Analyst BofA's Ken Hoexter upgraded UPS from Neutral to Buy and raised the stock’s...

Canadian National Railway (USA) (NYSE: CNI) CEO Luc Jobin was "ousted" from the company after less than two years. The executive departure marks the "most significant" railroad CEO change in years aside from activist involvements and necessitates a downgrade, according to Bank...

FedEx Corporation (NYSE: FDX) hit a new all-time high of $253.24 after the company handily exceeded Wall Street's expectations in its fiscal second quarter earnings report. Here is a summary of how some of the Street's top analysts responded to the print. Bank Of America: Solid Quarter...

Hunter Harrison had barely served nine months of his four contracted years at CSX Corporation (NASDAQ: CSX) before taking a medical leave mid-December. On Saturday, the company announced his death. The CEO’s significance to the firm was seen in an 8-percent stock pullback, representing a $4-...

C.H. Robinson Worldwide Inc (NASDAQ: CHRW) earned a double upgrade at Bank of America Merrill Lynch Tuesday, as the firm focused on spot market beneficiaries in the rapidly rising truck pricing market. With the upgrade, C.H. Robinson joins BoA Merrill Lynch's Buys on truckload, or TL/Internodal...

Bank of America Merrill Lynch said in a note valuation of Kansas City Southern (NYSE: KSU) looks good for growth potential. The firm upgraded the shares of the company and lifted the price target. The rating on Kansas City Southern shares now go to Buy from Neutral and the price target from $...

It’s another one of those “don’t judge an article by its title” moments. FedEx Corporation (NYSE: FDX) plunged 2 percent Thursday on “overstated” headlines reporting increased competition from Amazon.com, Inc. (NASDAQ: AMZN), and Bank of America Merrill Lynch...

FedEx Corporation (NYSE: FDX)'s fiscal first quarter earnings report initially sent the stock lower by 4 percent as the company acknowledged it was negatively impacted by a cyberattack in its TNT unit. However, the stock recovered those after-hours losses and was up more than 2 percent...

Wall Street is bearish on Werner Enterprises, Inc. (NASDAQ: WERN), and Bank of America Merrill Lynch is no exception. The brokerage has downgraded Werner to Underperform from Neutral after the transportation firm issued lower-than-expected second-quarter earnings outlook. Downgrades In The Sector...

Bank of America Merrill Lynch has downgraded Knight Transportation (NYSE: KNX) to Neutral from Buy following lower-than-expected earnings outlook from Werner Enterprises, Inc. (NASDAQ: WERN). Werner Led The Way Bank of America, which also downgraded Werner to Underperform, said, "The truckload...