Barclays lifts PT on US transportation companies as freight outlook improves
15/01/2026 13:00
** Barclays raises PT on Old Dominion Freight Line ODFL.O, J.B. Hunt Transport JBHT.O and Expeditors International of Washington EXPD.N
** Says truckload rates are rising, signaling a positive turn in the freight cycle and fueling a rally in transportation stocks
** Adds Old Dominion is keeping pricing and costs in check, but brokerage expects 2026 to be its fourth straight year of tonnage declines
** J.B. Hunt's domestic intermodal volumes have outpaced its main rail partners for two quarters, a trend likely continuing in Q4 - Barclays
** In 2025, EXPD rose 34.5%, JBHT gained 13.9%, while ODFL fell 11.1%
| Company | New PT | Old PT | Rating Maintained |
| Expeditors International | $135 | $110 | Under Weight |
| FTAI Aviation | $260 | $200 | Overweight |
| J.B. Hunt | $200 | $150 | Equal Weight |
| Old Dominion | $165 | $150 | Equal Weight |
| Werner Enterprises | $33 | $28 | Equal Weight |