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Key Points

Forward Air offers a low-valuation entry into expedited logistics but carries significant debt and reported net losses in its most recent fiscal year. Old Dominion Freight Line maintains a debt-free balance sheet and high net margins despite broader economic headwinds facing the trucking industry. Which trucking titan is the better fit for your portfolio in 2026?10 stocks we like better than Forward Air ›

The logistics sector is shifting as demand for efficient freight moves across North America. Investors must decide between Forward Air(NASDAQ:FWRD) and Old Dominion Freight Line(NASDAQ:ODFL) for their industrial portfolio.

Forward Air specializes in expedited ground transportation and air freight services, often serving time-sensitive shipments. Old Dominion Freight Line is a massive less-than-truckload carrier known for its national network and service reliability. Both companies play vital roles in the transport industry, but they offer very different financial profiles and growth strategies.

The case for Forward Air

Forward Air operates as a North American freight and logistics provider focusing on expedited ground and air freight services. The company relies heavily on leased capacity providers to move shipments for its customers among industrial stocks across the United States, Canada, and Mexico. Customer concentration adds risk, as the top ten clients account for roughly 26% of total sales and typically hold short-term contracts that can be terminated within 60 days.

In FY 2025, revenue reached nearly $2.5 billion, representing a slight increase of approximately 0.8% over the previous year. The company reported a net loss of approximately $107.8 million, which resulted in a negative net margin of roughly 4.3%. While still a loss, this performance is an improvement over the much larger net loss of close to $817.0 million recorded in fiscal 2024.

As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 19.1x, which measures total debt relative to shareholders’ equity. The current ratio, measuring the ability to pay short-term debts, is roughly 1.2x, while free cash flow was nearly $15.3 million. Note that stock-based compensation accounted for roughly 30.3% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.

The case for Old Dominion Freight Line

Old Dominion Freight Line is a major North American carrier specializing in regional and national less-than-truckload shipping. Its customer base is highly diversified, with the largest single client accounting for only about 4% of total revenue. This high level of diversification helps protect the business from the loss of any individual partner while demand remains tied to the health of the domestic economy.

During FY 2025, the company generated revenue of approximately $5.5 billion, a decrease of roughly 5.5% from the prior year. Despite lower sales, the company remained profitable with a net income of close to $1.0 billion and a net margin of roughly 18.6%. This solid net margin demonstrates the company's ability to maintain high efficiency even when freight volumes experience seasonal or economic softness.

The company maintains a conservative financial profile, with a debt-to-equity ratio of approximately 0.0x as of its December 2025 balance sheet. Its current ratio is roughly 1.4x, and free cash flow for the year was approximately $955.1 million. These figures reflect strong cash generation and a balance sheet in which total liabilities do not exceed equity, enabling continued investment in its service center network.

Risk profile comparison

Forward Air faces risks from labor regulations that could reclassify its independent contractors as employees, significantly increasing costs. Its high debt load of over $1.7 billion in senior notes and term loans restricts financial flexibility and requires meeting strict lender covenants. The company also faces stiff competition from established logistics giants like United Parcel Service (NYSE:UPS) and FedEx (NYSE:FDX).

Old Dominion is sensitive to diesel fuel costs and broader economic shifts that can reduce freight volumes and shipment weights. While the company applies fuel surcharges, they often lag price changes and may not cover all costs. The company competes for market share against other large trucking firms such as XPO and Saia.

Valuation comparison

Old Dominion carries a higher forward P/E and P/S ratio than Forward Air, reflecting its superior profitability and debt-free balance sheet. MetricForward AirOld Dominion Freight LineSector BenchmarkForward P/En/a44.9x30.4xP/S ratio0.1x9.2x

Sector benchmark uses the SPDR XLI sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Which stock would I buy in 2026?

Just about every business relies on trucking companies to transport retail goods, commodities, food, equipment, machinery, and more. Here we compare two such companies, Old Dominion and Forward Air. Which one is best for investors in 2026?

Old Dominion focuses on the less-than-truckload industry, which lets multiple shippers pay for space within the same truck. This lets the company diversify its business among many customers rather than relying on just a few big shippers. Demand and revenue have held up relatively well despite economic uncertainty. Of note to investors, however, is its valuation. It has a proven business model, but shares trade at a premium, reflecting this expectation.

Forward Air has faced significant challenges as it tries to improve its profitability and reduce its reliance on debt. It has been downsizing its operations and focusing on its expedited ground network, and these efforts have shown signs of progress. The company continues to post losses. If its restructuring strategy succeeds, however, investors could reap outsize returns.

Some investors have a high risk tolerance and are willing to bet on companies with high growth potential, while others are more risk-averse. In this case, the conservative choice also means paying a premium for shares, which imparts the risk that returns could fall short of expectations. While Old Dominion’s shares may not be a bargain right now, it would be my choice for a long-term investment in a diversified portfolio.

Should you buy stock in Forward Air right now?

Before you buy stock in Forward Air, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Forward Air wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $442,220! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,230,114!

Now, it’s worth noting Stock Advisor’s total average return is 926% — a market-crushing outperformance compared to 203% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of June 12, 2026.

Pamela Kock has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Old Dominion Freight Line. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Amazon’s announcement of its full entry into the less-than-truckload market sent shares of publicly traded carriers modestly lower on Wednesday. The group was off 5% on the day, which is a relatively small move considering the space has run over 60% year-to-date as market indicators continue to signal a recovery.

Analysts largely looked past the news, too.

Amazon (NASDAQ: AMZN) has openly provided in-bound LTL services in the U.S. for over a year, mirroring an operation it has run in Europe for several years. The e-commerce company’s expanded U.S. service appears to include an asset-light model at roughly 30 terminals across its package-delivery network, which primarily moves parcels weighing less than five pounds. However, the offering in its current form is unlikely to challenge traditional incumbents, which specialize in transporting heavy pallets with stringent service requirements.

Richa Harnain, equity research analyst at Deutsche Bank (NYSE: DB), told investors in a Wednesday note that Amazon’s LTL service is more akin to what brokers offer.

“We don’t think AMZN’s LTL footprint is enough to become a more formidable full-fledged nationwide asset-based operator,” Harnain said. “We also acknowledge the space has typically bounced back strongly following other AMZN-related knee jerk negative reactions.”

Amazon certainly has the pockets to compete and dominate in the space. But the market is relatively small (roughly $60 billion) and an asset-light model is typically not the path to industry-leading margins and returns. The company could be attempting a very-targeted approach in select markets to utilize latent capacity in the network. It could also be planning to compete at the less-service-sensitive end of the LTL market.

Jason Seidl, an analyst at TD Cowen, said Amazon’s use of an intermodal container pool likely “suggests the offering will primarily compete with the economy (3-4 day) sub-segment of the LTL market.” He said Amazon could take some market share “on the margins” from legacy carriers “without driving en-masse share exodus.”

(FreightWaves has reached out to Amazon for further details on the service.)

Amazon’s latest LTL foray

Before the market opened Wednesday, Amazon Supply Chain Services (ASCS) announced LTL service for “all businesses” to “any type of destination” in major U.S. markets. The offering is targeting “businesses of all sizes,” with shipment sizes likely ranging from one to six pallets (150 and 15,000 pounds).

Customers can arrange next-day live pickup and same-day pickup through drop-trailer service. Volume shippers are eligible for recurring daily pickups. Amazon offers EDI interfacing for ordering, real-time tracking and invoicing.

Story Continues

An Amazon Freight LTL coverage map shows decent density in the Eastern U.S., with a few select metros in the West. (Most national carrier networks have 200 to 300 service centers, serving nearly all U.S. zip codes.)Source: Amazon and OpenStreetMap contributors

Amazon Freight has been offering an inbound-only LTL model. Palletized freight is broken up at one of the company’s facilities and then delivered to final destinations (mostly consumer households) through the company’s package-delivery network. However, Amazon was rumored to be approaching shippers earlier this year to gauge interest in a more traditional LTL offering in select markets, where loaded pallets would remain intact through transfer.

The company touted positive feedback from customers in its Wednesday announcement as the reason for the full rollout, noting that many customers have been shipping freight by pallet across its network since 2019.

“The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed—and they wanted to use it more broadly,” said Jim Ruiz, director of Amazon Freight, in a news release explaining the company’s “cost-effective freight shipping.”

This new launch follows the company’s May update, in which it unified and expanded its third-party logistics solutions. Operating under the ASCS brand, the service provides end-to-end freight, distribution, fulfillment and parcel shipping.

Amazon Freight offers full truckload, LTL and intermodal service with a fleet of over 80,000 trailers and 24,000 intermodal containers. Amazon Freight is now part of ASCS.

LTL industry has high barriers to entry

The LTL market is mostly consolidated with less than a dozen true national carriers. The top-five companies historically account for a little more than half of the revenue.

The space has high barriers to entry. It takes a significant capital outlay to acquire and maintain a national network of cross-dock terminals and a large fleet with multiple truck and trailer types. It also requires heavy tech investments to create customer interfaces and to optimize linehaul and dock operations. Many carriers rely on veteran leadership to run a successful hub-and-spoke network.

For decades, legacy carriers have prioritized service by reinvesting in their networks to build a powerful flywheel effect. Targeted improvements in service lead to increased yields and enhanced margins, which ultimately produce the capital necessary for further service-centric network improvements.

A comprehensive annual shipper survey establishes carrier rankings across 28 distinct service metrics. The results are significant as they can impact how shippers allocate freight. An asset-light approach, using third-party carriers, typically means a carrier loses the ability to control service and ultimately pricing.

Morgan Stanley’s (NYSE: MS) Ravi Shanker was a dissenter on Wednesday, saying that even a third-party, asset-light LTL model could be a disruptor.

“While LTL likely represents only a small component of AMZN’s overall logistics footprint, we reiterate that AMZN has repeatedly demonstrated an ability to gain traction in transportation markets through a flexible and iterative operating model,” Shanker said. “As a result, we believe the Company may be able to capture meaningful market share even if they are unable to offer best-in-class service levels immediately. This could strike at the perceived ‘moat’ of real estate footprint and service that form the central pillar of the LTL thesis today.”

LTL competitive landscape is changing

While public carriers contend terminal counts—the true sign of industry capacity—haven’t really expanded over the past decade, the competitive landscape has changed.

FedEx Freight (NYSE: FDXF), the nation’s largest LTL carrier, spun off from parent FedEx Corp. (NYSE: FDX) earlier this month. It now has over 500 dedicated LTL sales reps looking to fill its 365-terminal network with freight.

Walmart (NASDAQ: WMT) recently announced an upgrade to its LTL truck consolidation program, allowing shippers to combine inbound LTL shipments into full truckloads at one of its 42 regional distribution centers using a single national purchase order.

Knight-Swift Transportation (NYSE: KNX) entered the LTL arena in 2021 with the acquisition of AAA Cooper Transportation. The company has since expanded its footprint through the purchase of additional regional carriers and the organic addition of approximately 60 terminals, incorporating sites formerly operated by the now-defunct Yellow Corp.

TFI International (NYSE: TFII) has aspirations of establishing a mostly pure-play LTL entity by spinning off its TL businesses into a separate publicly traded company. However, those plans have been pushed back as it works to improve U.S. LTL margins and grow market cap before proceeding with a corporate split.

In early 2025, Amazon was rumored to be pursuing Old Dominion Freight Line (NASDAQ: ODFL), but management from that carrier said at the time it was not in talks to be acquired by Amazon.

Shares of AMZN closed Wednesday down 2.5% compared to the S&P 500, which was down 1.6%.

More FreightWaves articles by Todd Maiden:

LTL general rate increases no longer an annual event ArcBest raises Q2 outlook for LTL, asset-light units Knight-Swift founder, executive chairman Kevin Knight retires

The post Analysts say Amazon won’t shake LTL market—yet appeared first on FreightWaves.

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Check out some of the companies making the biggest moves midday: Trucking companies — Freight stocks sold off in reaction to Amazon saying it will open its less-than-truckload shipping services to companies outside its own network, posing a threat to industry incumbents. FedEx Freight Holding and Old Dominion Freight Line both slumped 5%; XPO dropped 4%; and Saia and ArcBest each fell 3%. Amazon itself dipped 2%. Super Micro Computer — The AI server maker plunged 18% after setting plans to raise $7 billion through the sale of equity- and equity-linked securities to help cover the cost of hardware component purchases. Chip stocks — Semiconductor companies continued their recent decline, with Micron Technology dropping 4%, Advanced Micro Devices falling almost 5% and Broadcom shedding 5%. Devon Energy — The oil and gas explorer rallied more than 6% after Evercore ISI raised Devon to outperform after what it called the company's "better-than-expected mid-month update." Devon management on Tuesday updated investors on its outlook following the purchase of Coterra Energy in early May for about $58 billion. Cracker Barrel — The Southern country-themed restaurant chain soared 24% after raising its full-year revenue and adjusted EBITDA guidance. Cracker Barrel also reported fiscal third-quarter earnings of 29 cents per share on $797.4 million in revenue, topping expectations. Analysts polled by FactSet had expected a loss of 48 cents per share and revenue of $776.7 million. Casey's General Stores — The convenience store and gas station chain surged 14%. Casey's posted better-than-expected fiscal fourth-quarter results, FactSet said, helped by rising fuel margins and prepared food and dispensed beverage sales ahead of last year. Fiscal 2027 EBITDA was forecast to grow 8%-10%. Gambling stocks — DraftKings climbed 5%, Rush Street Interactive rose more than 4%, Flutter Entertainment and SGHC Ltd. added 3% and Penn Entertainment advanced nearly 3%. DraftKings management told a Jefferies investor conference that it's confident of no material revenue cannibalization from prediction markets, and anticipated the World Cup will drive engagement and prediction volume in the second half, FactSet said. Robinhood Markets — The financial services trading platform jumped 5% after saying late Tuesday that total platform assets rose 9% in May compared with April, and 48% from the year-earlier period. CEO Vlad Tenev wrote in a social media post that Robinhood received regulatory approval to serve as an underwriter of initial public offerings. Oscar Health — The New York-based health insurer added 3% after Barclays upgraded Oscar to overweight Wednesday, saying it "offers the most direct leverage to a potential multi-year re-rating, alongside a margin recovery cycle as repricing actions take hold." Cava — The fast-casual restaurant chain was upgraded at UBS to buy from hold on its "compelling growth story." The stock climbed 6%. BILL Holdings — The cloud-based software provider dropped 4% to a 52-week low. Truist downgraded BILL to hold and slashed its 12-month price target to $38 from $45 previously. Gold miners — Gold miners fell alongside futures contracts for delivery of gold in August, which dropped 2%. Anglogold Ashanti tumbled nearly 6%, while Harmony Gold Mining fell more than 2% and Gold Fields lost more than 4%. Hecla Mining shed 2% and NovaGold Resources lost 3%. — CNBC's Michelle Fox, Lisa Kailai Han and Jordan Novet contributed reporting

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Broward County, FLDalfen Industrial Accelerates Southeast Expansion with Fort Lauderdale Portfolio Acquisition·GlobeNewswire Inc.

DALLAS, June 10, 2026 (GLOBE NEWSWIRE) -- Dalfen Industrial has acquired a nine-building industrial portfolio totaling 419,253 square feet in Broward County, Florida, further strengthening the company's presence in one of the nation's most sought-after infill logistics markets.

Acquired at 55% replacement cost, the Broward Logistics Portfolio is currently 83% leased to nine tenants including FedEx, Event Service Group Realestate, LLC, Chromalloy Material Solutions, LLC, and Commercial Distribution Specialists, Inc. The portfolio features buildings ranging from 10,000 – 68,500 square feet, offering flexibility for a wide range of industrial users.

Strategically positioned with direct access to Interstate 95 and the Florida Turnpike, the portfolio benefits from close proximity to Port Everglades and Fort Lauderdale-Hollywood International Airport and offers strong connectivity for logistics, distribution, and trade-related users throughout South Florida. The surrounding area is home to major operators including Home Depot and Walmart.

"This acquisition reflects our continued conviction in prime infill industrial assets located in high-barrier, supply-constrained logistics markets," said Chris Segrest, SVP of the Southeast Region. "South Florida remains one of the country's strongest industrial regions, supported by population growth, port activity, and long-term e-commerce demand drivers."

Sean Dalfen, President and CEO, added, "Opportunities to acquire well-located infill industrial assets at a significant discount to replacement cost are increasingly rare, particularly in a market as dynamic as South Florida. This portfolio offers strong in-place tenancy and exit strategy optionality in one the premier logistics corridors in the country."

With this acquisition, Dalfen Industrial now owns and operates 11 million square feet of industrial real estate across the Southeastern United States, advancing the firm's strategy of investing in strategically located logistics assets nationwide.

About Dalfen Industrial Headquartered in Dallas, TX, Dalfen Industrial is a leader in last-mile industrial real estate, and one of the largest privately held industrial firms in the United States. The company specializes in strategically located infill warehouses and distribution centers, with a portfolio exceeding 60 million square feet. Learn more at www.dalfen.com.

Media Contact press@dalfen.com

An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cfdc86c2-14ce-4125-ac87-8acce4e6cdd5

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Amazon.com muscled into the less-than-truckload (LTL) freight business on Wednesday, driving S&P 500 members FedEx Freight and Old Dominion Freight Lines into a pothole. However, the freight stocks bounced back off early lows as investors saw a relatively modest near-term threat.

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Wall Street futures edged lower early Wednesday as investors weighed escalating Middle East tensions following U.S. retaliatory strikes on Iran against upcoming tech sector developments.Wall Street futures edged lower early Wednesday as investors weighed escalating Middle East tensions following U.S. retaliatory strikes on Iran against upcoming tech sector developments.[A blue financial chart with arrows pointing up] Olena_T

Wall Street futures edged lower on Wednesday as investors weighed escalating Middle East tensions following U.S. retaliatory strikes on Iran against upcoming tech sector developments.

Here are some of Wednesday's biggest stock movers:

BIGGEST STOCK GAINERS

Cracker Barrel Old Country Store (CBRL [https://seekingalpha.com/symbol/CBRL]) +27.2% - Shares jumped [https://seekingalpha.com/news/4601961-cracker-barrel-soars-after-fq3-results-show-the-turnaround-is-picking-up]after a beat-and-raise quarter that showed the chain is in turnaround mode and was strikingly better on a sequential basis from the prior few quarters. Total revenue fell 2.9% year over year for the quarter that ended on May 1. Comparable store restaurant sales decreased 2.6%, while comparable store retail sales decreased 1.8% to beat the consensus estimate for a decline of 5.4%.

Cellectis (CLLS [https://seekingalpha.com/symbol/CLLS]) +8.9% - Shares rose after the company said [https://seekingalpha.com/pr/20546005-cellectis-receives-fda-rmat-designation-for-lasme-cel-the-first-allogeneic-car-t-therapy-in-a#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]that its CD22-targeting allogeneic CAR-T therapy, lasme-cel, received FDA Regenerative Medicine Advanced Therapy (RMAT) designation for a severe form of leukemia. The granting of RMAT designation reflects the FDA's recognition of the potential for lasme-cel to address the unmet medical need faced by patients with r/r B-ALL, the company said.

Devon Energy (DVN [https://seekingalpha.com/symbol/DVN]) +4.8% - The oil and gas company provided [https://seekingalpha.com/news/4602007-devon-energy-forecasts-138m-boeday-in-2026-production-following-coterra-takeover]a full-year forecast post-market Tuesday to reflect its takeover of Coterra Energy, saying it expects ‌FY 2026 production to average 1.38M boe/​day, including ​oil volumes of 500K bbl/day. Devon (DVN [https://seekingalpha.com/symbol/DVN]) also guided for FY 2026 capital spending of ~$4.9B, with more than 60% allocated to the Permian Basin, reflecting activity of 31 rigs and 10 completion crews, with 460-480 net wells expected online. Further providing support, oil prices rose amid MidEast tensions.

3M (MMM [https://seekingalpha.com/symbol/MMM]) +3% - Shares rose after CEO Bill Brown reportedly spoke about second-quarter growth at a Wells Fargo conference. Orders and backlog are converting into revenue, with the company on track to exceed 3% organic growth as it previously said, according to Brown.

BIGGEST STOCK LOSERS

Old Dominion Freight Line (ODFL [https://seekingalpha.com/symbol/ODFL]) -9%, FedEx (FDX [https://seekingalpha.com/symbol/FDX]) -1.8%, XPO (XPO [https://seekingalpha.com/symbol/XPO]) -3.5% - Trucking stocks slipped after Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]) announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.

Supermicro (SMCI [https://seekingalpha.com/symbol/SMCI]) 12.6% - Shares fell after [https://seekingalpha.com/news/4601998-supermicro-proposes-7b-equity-plan-to-help-fulfill-ai-server-orders]the company proposed a series of equity and equity-linked financing transactions totaling $7B to help it fund the purchase of components necessary to complete recent orders for its advanced AI servers. The proposal includes $5B in underwritten public offerings consisting of $1.25B in common stock and $3.75B of depository shares. It also includes an up to $2B at-the-market offering program for common stock, which is expected to begin no sooner than the third quarter of 2026.

Summit Therapeutics (SMMT [https://seekingalpha.com/symbol/SMMT]) -3.9% - Shares plunged after announcing on Tuesday that it has commenced an underwritten public offering of $500M of shares of its common stock. All the shares in the proposed offering are being offered by Summit. In addition, Summit intends to grant the underwriters a 30-day option to purchase up to an additional $75M of shares of its common stock at the public offering price, less underwriting discounts and commissions.

Micron Technology (MU [https://seekingalpha.com/symbol/MU]) -1.3%, Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]) -3.3% - A wave of technology stocks tumbled, following overnight declines on Wall Street as a temporary chipmaker recovery faded due to ongoing worries about overvalued AI stocks. In South Korea, memory chip major SK Hynix (HXSCL [https://seekingalpha.com/symbol/HXSCL]) dropped 7.5%, while Samsung Electronics (SSNLF [https://seekingalpha.com/symbol/SSNLF]) fell 6.1%. Meanwhile, SpaceX (SPXC [https://seekingalpha.com/symbol/SPXC]) is set to begin trading Friday in what is expected to be the largest IPO ever. Some investors view it as a boost for the AI rally, while others see its $1.75T valuation [https://seekingalpha.com/news/4602037-spacex-ipo-demand-is-approaching-four-times-oversubscribed-reuters] as a sign of potential overheating.

Wolfspeed (WOLF [https://seekingalpha.com/symbol/WOLF]) - 7.1% Shares fell sharply on Wednesday after the semiconductor manufacturer filed a registration statement [https://seekingalpha.com/filing/309697829]with the SEC for the potential resale of more than 24 million shares of common stock by its selling stockholders. Wolfspeed will not receive any proceeds from the sale of shares by the selling stockholders.

MORE ON SUPER MICRO COMPUTER, MICRON TECHNOLOGY, ETC.

* Micron: Dancing Near The Exit (Downgrade) [https://seekingalpha.com/article/4913324-micron-dancing-near-the-exit-downgrade]
* Micron: Buckle Up For What Is About To Happen [https://seekingalpha.com/article/4912947-micron-buckle-up-for-what-is-about-to-happen]
* Micron: Robotics Supercycle Meets Fed Rate Hike Risks [https://seekingalpha.com/article/4912671-micron-robotics-supercycle-meets-fed-rate-hike-risks-rating-downgrade]
* Supermicro proposes $7B equity plan to help fulfill AI server orders [https://seekingalpha.com/news/4601998-supermicro-proposes-7b-equity-plan-to-help-fulfill-ai-server-orders]
* Super Micro Computer files mixed shelf offering [https://seekingalpha.com/news/4601973-super-micro-computer-files-mixed-shelf-offering]

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Amazon announced Wednesday that it is expanding its less-than-truckload freight service beyond shipments destined for its own warehouses, opening the offering to businesses of all sizes shipping to any destination in the U.S., including third-party warehouses, distribution centers, and retail partners.

The announcement triggered a broad selloff among established freight carriers. According to CNBC, shares of Old Dominion Freight Line shed more than 6%, and both Saia and XPO Logistics gave up 5%. ArcBest stock sank 4%. At the start of trading, FedEx Freight and Saia tumbled about 10%, though both stocks clawed back a portion of those declines by later in the session, Bloomberg reported. FedEx Freight began trading as an independent company following a spinoff from FedEx Corp. earlier this month.

In the LTL model, one trailer carries shipments from several customers at the same time. Each shipment usually ranges from one to six pallets and weighs between 150 and 15,000 pounds, instead of filling a whole truck. Amazon has offered an inbound-only LTL service to its partners and vendors since 2019, moving millions of pallets across the U.S. last year. The expanded service now uses over 80,000 trailers and 24,000 intermodal containers, according to the company.

"The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed — and they wanted to use it more broadly," Jim Ruiz, director of Amazon Freight, said in a statement. "Now Amazon LTL can move your freight wherever it needs to go, servicing destinations nationwide for businesses of all sizes."

The LTL expansion is the latest addition to Amazon Supply Chain Services, a suite of logistics offerings the company unveiled last month that gives businesses access to its freight, distribution, fulfillment, and parcel shipping infrastructure. When that broader program was first announced, stock in parcel carriers UPS and FedEx fell before recovering. Amazon drew an explicit parallel to its AWS cloud computing unit, which was built for internal use before being opened to outside customers.

In a note to clients, Morgan Stanley's Ravi Shanker suggested Amazon could gain significant ground in the market without necessarily matching the service quality of established players right away. A more cautious take came from Bloomberg Intelligence's Lee Klaskow, who argued in a report that the threat to established carriers was limited, reasoning that Amazon would mainly attract budget-driven customers shipping low-value goods rather than shippers who demand high service standards.

Wednesday's selloff came after a period of strong gains for LTL stocks. Heading into Wednesday's session, Old Dominion's stock had posted gains of nearly 60% since January, carrying a valuation of roughly 43 times forward earnings estimates.

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Investing.com -- Shares of several trucking companies fell sharply on Tuesday after Amazon announced the U.S. expansion of its less-than-truckload freight service to any destination and any business size, rattling investors in the transportation and logistics sector.

Old Dominion Freight Line dropped 7.3%, FedEx Freight fell 5.2%, Knight-Swift slid 5.4%, and Saia moved 8.2% lower following the announcement.

Amazon is expanding its less-than-truckload service, which allows businesses to share trailer space for partial loads rather than reserving a full truckload, beyond its existing inbound-to-Amazon offering to include third-party warehouses, distribution centers, and retail partners.

The service, which has operated since 2019 and moved millions of pallets last year, is now open to businesses of all sizes shipping typically between one and six pallets.

The expanded offering is part of Amazon Supply Chain Services, a logistics portfolio backed by more than 80,000 trailers and 24,000 intermodal containers. Amazon is also offering next-day live pickup, same-day drop trailer pickup, real-time GPS tracking, and cargo camera monitoring as part of the service.

"Now Amazon LTL can move your freight wherever it needs to go, servicing destinations nationwide for businesses of all sizes," said Jim Ruiz, director of Amazon Freight.

The announcement adds to investor concern that Amazon's growing logistics ambitions pose a structural threat to freight carriers.

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(Bloomberg) -- Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.

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Old Dominion Freight Line Inc., FedEx Freight Holding Co. and Saia Inc. all fell roughly 10% after Wall Street opened, before recovering some of the losses. The companies specialize in “less-than-truckload” services, carrying shipments that are larger than parcels but smaller than full truckloads.

Amazon said it was expanding its less-than-truckload offering to any kind of destination across the US, from third-party warehouses to “retail partners.” The offering is part of the Amazon Supply Chain Services suite that the company unveiled last month, raising fears that it would snatch business away from established players.

The e-commerce giant “may be able to capture meaningful market share even if they are unable to offer best-in-class service levels immediately,” Morgan Stanley analyst Ravi Shanker wrote in a note to clients. “This could strike at the perceived ‘moat’ of real estate footprint and service that form the central pillar of the LTL thesis today.”

When the new initiative was first announced, parcel carriers such as United Parcel Service Inc. and third-party logistics firms like CH Robinson Worldwide Inc. sold off heavily, though they later recovered those losses. Analysts expected that less-than-truckload companies would be relatively insulated from competition, given the specialized networks that their services require.

Bloomberg Intelligence analyst Lee Klaskow defended legacy carriers after the latest announcement, saying it was unlikely to have a significant impact. “Shippers that would likely leverage Amazon would be cost-conscious, shipping low-value freight with little concern over service,” Klaskow wrote in a report.

Wednesday’s selloff came on the heels of a furious rally in less-than-truckload names. Old Dominion shares had surged nearly 60% this year through Tuesday and were trading at 43 times the next year’s estimated earnings, with Saia commanding a valuation nearly as rich. The broader S&P 1500 Transportation Index had a price-to-earnings multiple of 19.

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It also came a little more than a week after FedEx Freight began trading as an independent company following a spinoff from FedEx Corp. That stock had recovered from a first-day drop, rallying more than 25% through Tuesday.

--With assistance from Matt Turner.

(Updates shares in second paragraph; adds analyst commentary from fourth, recent share move details from fifth.)

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In einem shareholderfreundlichen Schritt hat der Vorstand von FedEx Corporation (FDX) eine Erhöhung der Dividende um 5% auf die jährliche Dividende rate für FedEx-Gemeinschaftsaktien genehmigt, nach einer einmaligen jährlichen Rate-Justierung im Zusammenhang mit dem Spinn-Off von FedEx Freight. Die erhöhte Dividende und die Anpassung der Spin-off führten zu einer jährlich verzinsten Dividende von 4,88 US-Dollar für den Übergangszeitraum vom 1. Juni 2026 bis zum 31. Dezember 2026. Mit dieser aktualisierten jährlichen verzinsten Dividende von 4,88 US-Dollar hat der Vorstand von FDX eine Vierteljahres-Barzahlung von 1,22 US-Dollar pro Aktie angekündigt, die am 7. Juli 2026 an Aktionäre ausgezahlt wird, die am 22. Juni 2026 als Teil des Geschäftsregisters aufgeführt sind.