The document discusses the financial outlook and investment ratings for UPS, ODFL, CNI, and CSX in the transportation sector. It highlights concerns about UPS's capital expenditure and strategy, maintains Sell ratings for ODFL and CNI, and favors CSX for its cash return strategy and share buybacks.
doj/DataSet10/EFTA01387104.pdf
{"document_date":"2018-02-22","document_type":"correspondence","key_organizations":["UPS","ODFL","CNI","CSX","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0089205","SDNY_GM_00235389","EFTA01387104"]}