Company earningsNewsTrucking

Almost everything is down on Wall Street today; here’s what’s down a lot…or actually up

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A quick look at how various trucking stocks are doing on the sweeping Wall Street selloff on Friday.

At the time of our 11:15 a.m. snapshot, the S&P 500 was down 2.45%.

Stocks performing significantly worse than that

ArcBest (NASDAQ: ARCB) : down 7.02% to $33.63. The upcoming earnings call Thursday will be the first time management will have the opportunity to publicly address with analysts the recommendation of a short seller.

Daseke (NASDAQ: DSKE): down 5.23% to $5.98. The company has not yet reported earnings.

Echo Global Logistics (NASDAQ: ECHO): down 7.75% to $24.05. The company’s earnings topped consensus on earnings and revenue.

Knight Swift (NYSE: KNX) : down 4.04% to $32.04. Another earnings beat here as well.

Ryder (R:NYSE): down 4.72% to $58.09. The company lowered its guidance slightly in its earnings report released today.

Bucking the tide

Two trucking-related stocks are up significantly Friday.

USA Truck (NASDAQ: USAK) up 4.5% to $18.82. Earnings were 5 cts per share above consensus, though revenue fell short of projections.

Hub Group (NASDAQ: HUBG): up 3.36% to $45.27. Another company whose earnings topped projections even as revenue fell short.

Two special mentions

Old Dominion Freight (NASDAQ: ODFL), which had another bangup quarter that was released Thursday with an OR well under 80%, was slightly outperforming the S&P 500 with a decline of 2.12%.

Roadrunner Transportation (NYSE: RRTS), which has sunk below $1 per share as it attempts to recover from an accounting scandal, was up 33% at noon. Of course, to do that all it had to rise was 14 cts to 57 cts.


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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.