Shares of logistics companies moved higher on Tuesday after President Donald Trump announced a five-day delay to further military strikes targeting Iranian power plants and energy infrastructure.
GXO Logistics (NYSE:GXO) gained 2.25%, leading the sector’s advance. FedEx (NYSE:FDX) rose 1.71%, UPS (NYSE:UPS) added 0.93%, and Kirby (NYSE:KEX) edged up 0.30%.
Trump said the pause followed “productive” discussions between Washington and Tehran. However, Iran’s Fars news agency disputed that characterization, citing a source who said there had been no direct or indirect communications with the United States.
According to Fars, Trump stepped back from plans to target Iranian power plants after Tehran warned it would retaliate by striking power infrastructure across West Asia.
The temporary easing of tensions in the Middle East offered relief to logistics and transportation companies, which are often exposed to operational risks when instability threatens key shipping routes and global supply chains.