Trucking And Rail Stocks React To Low Guidance From Their Peers

Werner Enterprises Inc WERN and Canadian Pacific Railway Limited CP, two big names in freight, both released cuts to earnings guidance. Investors expected “sympathy moves” from other names in trucking and rail, and rightfully so.

Trucking names moving in step with Werner Tuesday:

• Swift Transportation Company SWFT - down 6.21 percent midday
• Knight Transportation Inc KNX - down 4.7 percent
• Celadon Group Inc CGI - down 10.78 percent.

Rail stocks dipping after CP’s guidance cut:

• Union Pacific Corporation UNP - down 0.37 percent midday
• CSX Corp CSX - down 1.15 percent
• Norfolk Southern Corporation NSC - down 0.85 percent

Interestingly, Kansas City Southern KSU shares were bucking the rail trend at midday, up 0.46 percent.

Shares of Werner and Canadian Pacific were down 9.89 percent and 2.09 percent, respectively, at midday.