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In 2Q16, $FDX's Freight segment revenue declined 2% and shipments increased 1%, which is directly related to the lower levels of industrial production. Less-than-truckload revenue per shipment declined 3% due to lower fuel surcharges, partially offset by higher base rates.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?