Stocks · Theme
Freight & logistics stocks · 25 research notes
25 Freight & logistics stocks with a dated research note: thesis, kill line and next catalyst.
Earlier themeNot among the research's active themes (last active 1 October 2026). Each stock's note below is dated on its own.
All 25 have a dated research note with a published kill line: the note's own test, stated in advance, of what would prove it wrong: a price level, a business fact, or both.
All stocksECOOkeanis Eco TankersMedium Okeanis Eco Tankers is modestly more likely than not to beat the S&P 500, as fourth-quarter bookings of 71% of fleet days at about $420,000 a day exceed its record third quarter. The February 2027 fourth-quarter report shows whether rates…ARCBArcBestMedium ArcBest's Asset-Based margin gains and Asset-Light recovery make the shares modestly more likely than not to beat the S&P 500 over three months; the fourth-quarter report, estimated 28 January 2027, tests the guided margin slip and weak…CVLGCovenant Logistics GroupMedium Covenant Logistics' adjusted operating ratio improved to 95.0% in Q3 2026 from 95.9% in Q2, which leaves the shares modestly more likely than not to beat the S&P 500; the Q4 report, expected around 28 January 2027, settles whether the gain…FWRDForward AirMedium Forward Air Corporation's debt burden is falling on rising earnings: net leverage dropped to 4.7 times at 30 September 2026 from 5.2 times in June, making the shares modestly likely to beat the S&P 500. The next leverage report shows…HAFNHafniaMedium Hafnia Limited's shares are modestly more likely to beat the S&P 500 over three months because peers report fourth-quarter product tanker bookings far above Hafnia's $30,716 per day for the third quarter; the 18 November 2026 report shows…PANLPangaea Logistics SolutionsMedium Pangaea Logistics Solutions' dry-bulk earnings recovery is now in the share price, which closed at $9.46 on 12 November 2026; the shares are modestly more likely than not to beat the S&P 500 if fourth-quarter freight rates hold near the…SHIPSeanergy Maritime HoldingsMedium Seanergy Maritime's Capesize earnings are running ahead of its own estimate, so the shares are modestly more likely than not to beat the S&P 500 over three months; Capesize rates and the fourth-quarter report, expected around 17 February…TKTeekayMedium Teekay Corporation's tanker subsidiary forecast record fourth-quarter 2026 results on 11 November 2026, giving the shares, 16.2% below their October high, a modest edge over the S&P 500; Teekay Tankers' fourth-quarter report in February…TNKTeekay TankersMedium Teekay Tankers' third-quarter 2026 beat and its forecast of record fourth-quarter results make the shares modestly likely to beat the S&P 500. Spot tanker rates through the Hormuz disruption and US sanctions policy will settle it.XPOMedium XPO, Inc. is more likely than not to beat the S&P 500 over three months: its 80.1% third-quarter LTL operating ratio is a real margin gain. The November operating data, expected around 3 December 2026, shows whether volume and pricing hold.AURAurora InnovationLow Aurora Innovation's driverless-truck case rests on a schedule reset: guidance was cut on 28 October 2026 and four brokers lowered targets after. Production of about 20 trucks a week by early December settles whether the 200-truck goal…CMBTCMB.TECH NVLow CMB.TECH's record crude-tanker earnings look largely priced in after a crowded 2026 tanker rally, and the shares sit near their 200-day average; the 26 November 2026 third-quarter report shows whether disposal gains and spot rates can…DHTDHT HoldingsLow DHT Holdings shares look more likely to lag the S&P 500 despite record fourth-quarter tanker bookings, because investors are pricing a 2027 rate decline. DHT's first-quarter 2027 bookings, due in its January update and February report,…DSXDiana ShippingLow Diana Shipping is re-fixing ships at much higher charter rates, but the shares sit below their 50-day and 200-day averages and are more likely to lag the S&P 500; the 25 November 2026 third-quarter report shows whether revenue confirms the…EDRYEuroDryLow EuroDry's shares are more likely to lag the S&P 500 despite a third-quarter earnings beat, because nine of its eleven ships reset charters in November and December 2026 into a softer dry-bulk market. The fourth-quarter charter rates those…HTLDHeartland ExpressLow Heartland Express is more likely to lag the S&P 500 over three months: its third-quarter 2026 operating ratio was 98.7% against 91.0% in the second quarter, and the fourth-quarter report, expected around February 2027, shows whether…INSWInternational SeawaysLow International Seaways' record third-quarter profit has up its share price as tanker spot rates ease from their peak, so the shares are more likely to lag the S&P 500 over three months; spot rates and the 23 December 2026 dividend settle it.JBHTJ.B. Hunt Transport ServicesLow J.B. Hunt's shares are more likely to lag the S&P 500 over three months: third-quarter operating income rose 2% on 20% revenue growth, and fuel-excluded intermodal pricing rose 2%. The 2027 contract bid season settles whether margins…LPGDorian LpgLow Dorian LPG shares are more likely to lag the S&P 500 over three months because its record gas-carrier rates rest on a largely shut Strait of Hormuz that US-Iran talks could reopen. The December-quarter forward booking release, expected…LSTRLandstar SystemLow Landstar System is more likely to lag the S&P 500 over three months: third-quarter truck revenue per load rose about 25%, but earnings of $1.42 per share missed on $21 million of claims costs, and Morgan Stanley cut its target to $130 on…NATNordic American TankerLow Nordic American Tankers' shares are more likely to lag the S&P 500 because Atlantic suezmax spot rates fell 29–52% in the week to 6 November 2026. The 30 November 2026 third-quarter report and dividend show whether fourth-quarter bookings…ODFLOld Dominion Freight LineLow Old Dominion Freight Line's recovery is not yet being paid for: the shares closed at $168.02 on 10 November 2026 after a Q3 beat and a round of target cuts. The early-December operating update settles whether tonnage and pricing hold.SNDRSchneider NationalLow Schneider National's earnings are improving, but its shares are more likely to lag the S&P 500 over three months: they closed at $28.95 on 12 November 2026, below both moving averages, after brokers cut targets. Freight data and the…TRMDTORMLow TORM plc's shares are more likely to trail the S&P 500 over three months: they closed at $35.36 on 11 November 2026, below the $39.60 net asset value, despite a strong third quarter. LR2 freight rates and Gulf product flows settle it.WNCWabash NationalLow Wabash National's trailer orders have recovered faster than its profits, so the shares look more likely to lag the S&P 500 over three months. Backlog hit $1,198 million at 30 September 2026, yet the company guides to a Q4 adjusted loss of…