Industrials Edge Higher -- Industrials Roundup

Features Dow Jones Newswires

Shares of manufacturing and transportation companies edged higher.

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FedEx Corp. is renewing part of its fleet of smaller cargo planes in a deal valued at $1.3 billion at list price, amid an improved outlook for the global airfreight market. FedEx will buy up to 50 turboprop planes from European aircraft maker ATR--a joint-venture between Airbus SE and Italy's Leonardo SpA--the Toulouse, France-based plane maker said. The deal comprises a firm order for 30 planes and options for 20 more, and represents a boost for ATR in the U.S., the world's largest single aviation market.

-By Amy Pessetto, amy.pessetto@wsj.com

(END) Dow Jones Newswires

November 08, 2017 17:53 ET (22:53 GMT)