Saia Inc.
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8-K - SAIA INC (0001177702) (Filer)
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Amazon’s Trucking Push Sparks Fresh Selloff in Transport Stocks
Transportation Amazon’s Trucking Push Sparks Fresh Selloff in Transport Stocks 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. Old Dominion Freight Line Inc. and FedEx Freight Holding Co. fell 6% in premarket trading, with Saia Inc. down more than 8%. All three companies specialize in “less-than-truckload” services,...