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.
(-By Rob Curran, email@example.com)
Continue Reading Below
(END) Dow Jones Newswires
August 03, 2017 16:26 ET (20:26 GMT)