Shares of industrial and transportation companies rose slightly amid deal activity.
GXO Logistics made a cash offer of about $964.9 million for Wincanton, heating up a bidding fight with French shipping firm CMA CGM Ceva Logistics that sent shares in the largest U.K.-based logistics company soaring.
J.B. Hunt Transport Services named company veteran Shelley Simpson chief executive officer as the freight giant laid out a succession plan for its top leadership.
Economic data bodes well for the manufacturing sector.
New jobless benefit claims rose by 13,000 to 215,000 in the week ended Feb. 24, the U.S. Labor Department said.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-29-24 1726ET
