(Jennifer Smith – Wall Street Journal)
Trucking companies are hoping to turn the most robust freight market in a generation into stronger long-term financial footing.
Carriers are raising rates and investing in new equipment as a months-long rally in transportation demand gives them the upper hand in setting prices with shippers.
Analysts expect strong results across the sector over the next two weeks as fleets report earnings. Capacity remains tight this summer, normally a slack period for freight, and some trucking companies are turning down loads for lack of available trucks.
“We should still see good margin performance from truckers,” said Brad Delco, a transportation analyst with Stephens Inc. “Supply-demand dynamics remain tight, and as a result pricing has been strong, partially offset by the need to raise driver wages.” Click here to read more.
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