Shares of manufacturing and transportation companies ticked up as traders bet the sector would benefit from Republicans' plan to cut corporate taxes. Trucking firm XPO Logistics has earmarked up to $8 billion for acquisitions and plans to nearly double the hubs in its "last-mile delivery network," a specialty that has grown in importance with the dominance of ecommerce in the retail space.
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(-By Rob Curran, firstname.lastname@example.org)
(END) Dow Jones Newswires
August 03, 2017 16:26 ET (20:26 GMT)