Carriers continue to feel good about 2018, according to the latest Morgan Stanley survey, however, overall sentiment declined in the past two weeks and underperformed seasonality.
Morgan Stanley and SIG see great prospects for truckload carrier stocks going into 2018. Large carriers’ valuations should benefit from both the ELD mandate and the GOP tax reform.
The seventh and final ELD survey conducted by Morgan Stanley before the Dec. 18 compliance date has found that capacity is expected to tighten about 3.44%, the highest level of all the surveys, the firm said.
Nearly 30% of carriers are not yet in full compliance with the upcoming electronic logging device mandate and 15% said they will not be fully compliant at the deadline, according to the latest Morgan Stanley ELD survey.
