credit / rates affecting interest expense
“The year-over-year decrease in net interest expense was primarily due to a decrease in outstanding debt and lower interest rates on floating rate debt instruments.”
FTV 10-Q
Confirmed
Trucking and Logistics
21 names are moving together; 81% are participating in the current session.
2 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| LEA | Lear Corporation | Consumer Cyclical | -10.7% | 1/7 observed active sessions |
| XPO | XPO, Inc. | Industrials | +0.8% | 3/7 observed active sessions |
| ODFL | Old Dominion Freight Line, Inc. | Industrials | -0.2% | 2/7 observed active sessions |
| KNX | Knight-Swift Transportation Hol | Industrials | -0.3% | Group member |
| SAIA | Saia, Inc. | Industrials | -0.8% | 1/7 observed active sessions |
| PHIN | PHINIA Inc. | Consumer Cyclical | +0.6% | 2/7 observed active sessions |
| JBHT | J.B. Hunt Transport Services, I | Industrials | +1.0% | Group member |
| FTV | Fortive Corporation | Technology | +1.3% | Group member |
| SNDR | Schneider National, Inc. | Industrials | +4.7% | 3/7 observed active sessions |
| TFII | TFI International Inc. | Industrials | +0.4% | Group member |
| ZWS | Zurn Elkay Water Solutions Corp | Industrials | +0.6% | 1/7 observed active sessions |
| IEX | IDEX Corporation | Industrials | -1.4% | 3/7 observed active sessions |
| MSM | MSC Industrial Direct Company, | Industrials | +1.7% | 2/7 observed active sessions |
| PK | Park Hotels & Resorts Inc. | Real Estate | -0.1% | 2/7 observed active sessions |
| VC | Visteon Corporation | Consumer Cyclical | -0.8% | 1/7 observed active sessions |
| RUSHA | Rush Enterprises, Inc. | Consumer Cyclical | -0.1% | 1/7 observed active sessions |
| R | Ryder System, Inc. | Industrials | -0.6% | 2/7 observed active sessions |
| RUSHB | Rush Enterprises, Inc. | Consumer Cyclical | +2.0% | 1/7 observed active sessions |
| HST | Host Hotels & Resorts, Inc. | Real Estate | +0.0% | Group member |
| UPS | United Parcel Service, Inc. | Industrials | -1.0% | 2/7 observed active sessions |
| GWW | W.W. Grainger, Inc. | Industrials | +2.0% | Group member |
Why we believe this
Cohort
21 namesParticipation
81% this sessionObserved history
8 daily buildsFiling coverage
19/21 membersdemand / volume
“Volume declined modestly on reduced demand for sterilization equipment and biomedical test products due to the impact of recent changes in healthcare policy, partially offset by growth in healthcare software and dosimetry services.”
FTV 10-K
demand / volume affecting revenue
“Geographically, core revenue growth in 2025 was driven primarily by strengthening demand in North America, led by the IOS segment, partially offset by modest declines in Europe.”
FTV 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
F
RUSHAcustomer · Not moving with the group now
Filing receipt · F / RUSHA
“The Truck Segment includes our operation of a network of commercial vehicle dealerships under the name “Rush Truck Centers.” Rush Truck Centers primarily sell commercial…”
RUSHA · customer
GM
PHINcustomer · Not moving with the group now
Filing receipt · GM / PHIN
“For the year ended December 31, 2025, our top five customers accounted for approximately 37% of our net sales, with General Motors Company representing 18%.”
PHIN · customer
RXO
UPSsupplier · Not moving with the group now
Filing receipt · RXO / UPS
“The Coyote Acquisition On September 16, 2024 (the “acquisition date”), the Company acquired the technology-driven, asset-light based truckload freight brokerage services…”
UPS · supplier
H
HSTpartner · Not moving with the group now
Filing receipt · H / HST
“In collaboration with Hyatt, we initiated a transformational capital program in 2023 on six properties in our portfolio.”
HST · partner
THRM
LEAcustomer · Current intraday read unavailable
Filing receipt · THRM / LEA
“For 2025, our revenues from sales to our two largest customers, Lear Corporation (“Lear”) and Adient plc (“Adient”) were $234 million and $164 million, respectively, rep…”
LEA · customer
History
2026-07-24 → 2026-07-316 observed active sessions · 0% of active names held across the episode
2026-07-171 observed active session · 100% of active names held across the episode