--- title: "U.S. stock market midday update: Freight Tech falls 17.56% due to disappointing earnings report" type: "News" locale: "en" url: "https://longbridge.com/en/news/295815662.md" description: "Freight Tech fell 17.56%; FedEx rose 1.52%, with a transaction volume of USD 104 million; United Parcel Service rose 0.88%, with a transaction volume of USD 5.57 million; Robinson Global Logistics rose 1.68%, with a transaction volume of USD 3.36 million; Kuehne + Nagel International Logistics rose 0.56%, with a market value of USD 24.1 billion" datetime: "2026-08-13T14:38:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295815662.md) - [en](https://longbridge.com/en/news/295815662.md) - [zh-HK](https://longbridge.com/zh-HK/news/295815662.md) generator: "portal-rs" --- # U.S. stock market midday update: Freight Tech falls 17.56% due to disappointing earnings report **U.S. Stock Market Midday Update** Freight Tech fell 17.56%. Based on recent key news: 1. On August 13, Freight Tech's stock price plummeted significantly with a notable increase in trading volume, primarily due to the company's earnings report falling short of expectations. The report indicated that quarterly performance did not meet market expectations, leading to a loss of investor confidence and a 17.56% drop in stock price. Source: Zhitong Finance 2. On August 10, Fleet Rocket integrated automated CFDI stamping, invoice management, and payment receipt functions. This integration aims to improve efficiency and reduce errors; although this move did not directly impact the stock price, it may have a positive effect on future operational efficiency. Source: Zhitong Finance 3. No other significant news recently. Industry consolidation is accelerating, with a focus on efficiency improvements. **Top Stocks by Trading Volume in the Industry** FedEx rose 1.52%. Based on recent news, 1. On August 13, Amazon deployed over 1 million robots in its logistics network, driving automation development in the logistics industry. This move may impact FedEx's operations, enhance its level of automation, and subsequently drive up its stock price. 2. On August 11, MarketBeat pointed out that although FedEx currently has a moderate buy rating among analysts, top analysts believe that five other stocks offer greater investment value. This may lead some investors to reassess FedEx's investment value, affecting its stock price. 3. On August 11, Simply Wall St's analysis emphasized long-term fundamental data but did not consider the latest price-sensitive company announcements. This may result in the market's insufficient response to FedEx's short-term volatility, impacting its stock price. The trend towards automation in the logistics industry is significant, with noticeable capital inflows. United Parcel Service rose 0.88%. Based on recent key news: 1. On August 10, United Parcel Service issued $1 billion in 4.850% senior bonds, which is expected to enhance its financial flexibility and support future investment plans. This move may have boosted investor confidence in the company's financial stability, driving up its stock price. 2. On August 12, United Parcel Service strengthened its services for corporate clients in its supply chain solutions, particularly in support of retirement and pension plans. This strategic adjustment may have raised market expectations for its long-term growth potential, further promoting stock price increases. 3. Recent technical sentiment signals indicate holding, with the market capitalization of United Parcel Service at $89.09 billion and a significant increase in trading volume, indicating rising investor interest in its stock. Demand in the logistics industry remains stable, with attention on interest rate changes. Robinson Global Logistics rose 1.68%. Based on recent key news: 1. On August 12, Bernstein lowered the target stock price for Robinson Global Logistics from $153 to $151, reflecting the market's cautious attitude towards its future profitability, leading to stock price fluctuations 2. On August 12, Robinson Global Logistics announced a third-quarter dividend plan, with a dividend of 0.11 Brazilian Reais per unit, boosting investor confidence and driving up the stock price. 3. On August 12, market analysis indicated that although Robinson Global Logistics received a moderate buy rating, top analysts believe that five other stocks offer greater investment value, which may influence investor choices. The automation trend in the logistics industry is significant, with substantial growth potential. **Stocks ranked among the top in industry market capitalization** KangJie International Logistics rose by 0.56%. Based on recent key news: 1. On August 12, technical sentiment signals indicated a buy, with an average trading volume of 1,273,829 shares and a market capitalization reaching USD 2.323 billion, driving up the stock price. 2. On August 13, detailed analysis showed that KangJie International Logistics may be undervalued or overvalued, providing fair value estimates, potential risks, dividends, insider trading, and financial conditions, further enhancing market confidence. 3. No other significant news recently. 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