Motor carriers and commercial drivers agree on just four of the Top 10 challenges facing the trucking industry, according to the American Transportation Research Institute’s annual study.
USA Truck blames a softer freight environment, declining spot rates and unrealized bid awards for its lower-than-expected second-quarter results.
USA Truck (NASDAQ: USAK) posted its most profitable first quarter results since 2006 on April 25. The quarter is now the seventh straight quarter of profitability.
Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.
The company’s stock took it on the chin for much of 2018 but the company said it had a strong fourth quarter.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.
There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.
The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.
We visualized the performance metrics of the publicly-traded truckload carriers over the past six quarters, using TCA InGauge’s data.
