Mar. 23 at 12:53 PM
US transportation stocks rose after President Trump announced a five-day delay on new military strikes against Iranian energy infrastructure, following what he described as “productive” talks with Tehran.
The move eased Middle East tensions and lifted the logistics sector, with gains in FedEx, UPS, Kirby, and GXO Logistics, as reduced geopolitical risk supports shipping routes and supply chains.
However, Iran’s Fars News Agency denied any direct or indirect talks with the US and said Trump backed off targeting power plants after Tehran warned of retaliatory strikes across West Asia.
The temporary de-escalation helped ease operational risks for transport companies tied to global trade flows.
$FDX $UPS $KEX $GXO