|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.91 - 54.29|
|52 Week Range||45.93 - 57.43|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
BMO Capital Markets' Fadi Chamoun and Tarun Joshi take a look at railroad volumes Friday, writing that growth in intermodal (or shipping container) carloads has accelerated this quarter, with volumes up 7% quarter to date, a faster pace that the third quarter of 2016. Import volumes at North American ports are still robust, up 7.1% since the start of the year (as of June). More from the note: The strength in intermodal shipments has been underpinned by stabilizing retail inventories as well as continued strength in retail sales.
EXPD’s 2Q17 revenues for its Ocean Freight and Ocean Services segment rose 14% to $528.5 million from $464.7 million in 2Q16.
After worries about North Korea weighed on stocks last week, investors might be worried that there may be more weakness ahead, especially given that August has been volatile in years past. The Transports are also at a key juncture here, near 200-day moving average support.