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sd-10-EFTA01387103Dept. of Justice

EFTA Document EFTA01387103

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Deutsche Bank Markets Research North America Canada United States Industrials Trucking Industry U.S. Transportation Where we have conviction, and where we don't On the back of 4Q results we have increased conviction in our positive stance on Knight Transportation (KNX), XPO Logistics (XPO) and CSX Corp (CSX). We remain comfortable with our sole-Sell ratings on Old Dominion (ODFL) and Canadian National (CNI), while our Buy on UPS was wrong and we are using this report to downgrade

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Dept. of Justice
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sd-10-EFTA01387103
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