Industrials Down on Oil Spike Concerns -- Industrials Roundup
Dow Jones03-21 05:46
Shares of industrial and transportation companies fell amid concerns about the impact of an oil spike on transportation companies.
FedEx shares rose after the package-delivery giant posted fiscal third-quarter earnings ahead of Wall Street expectations and boosted its earnings projection for the fiscal year ending in May. But FedEx pared gains late in the session as oil futures tested recent highs.
A gallon of diesel costs an average of $5.16 in the U.S., according to AAA, poised to become a major cost headache for many trucking lines and manufacturers. Some logistics companies, such as XPO, fell sharply.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 20, 2026 17:46 ET (21:46 GMT)
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