J.P. Morgan analyst Brian Ossenbeck warned in a research note that Amazon’s entry as a for-hire competitor poses a substantial risk to LTL stocks.
The less-than-truckload industry needs an uptick in demand to maintain favorable pricing fundamentals.
Old Dominion Freight Line said Thursday it would add 800 drivers and more than 400 dockworkers and clerical personnel to meet “robust freight demand.”
The latter half of 2020 looks to bring positive load volumes and favorable conditions for carriers. It appears Q2’s recessionary conditions couldn’t slow the trucking industry.
