December 09, 2009 at 17:24 PM EST
FedEx, Atlas Air Push Air Freight Into Top Ranks
The air freight industry group surged to the No. 21 slot, as of Monday, from 137th place just five weeks ago. Atlas Air Worldwide (AAWW) led the way by rising 5% for the week through Wednesday. Maxim Group upped its rating on Nov. 4 to buy from hold. FedEx (FDX) is edging higher after a 6% gain last week. It boosted its fiscal Q2 earnings guidance 16% on Tuesday, citing cost cuts and stronger demand for international services. In upgrading
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