Trucking Stocks Continue to Lag
Trucking stocks have been oversold since the tariff "Liberation Day." Current pricing is disconnected from their true value, particularly for LTL carrier stocks.
Truckload Fleets Cutting Expenses
A big drop in fuel prices helped mitigate cost increases in labor, insurance, and maintenance at truckload fleets.
Truckload Profitability Suffers
The one-way truckload fleets struggled the most in the first quarter with average operating margins slipping negative. Dedicated fleets took less of a beating.
Truckload Sector Managing Cash Tightly
Despite declining revenues and margins over the past few years, large truckload fleet balance sheets are holding up quite well. They have the borrowing capacity to expand when the time is right.
Carrier Has Sales Miss, Makes Electrification Move
Right after reporting slowing sales in the first quarter, Carrier Transicold signals commitment to electrification with acquisition of Addvolt.
LTL Profitability Sinks
Profitability at national LTL carriers took a big hit in Q1 2025. They will need to fight hard to keep margins from falling further the balance of the year.
LTL Financial Health Report
LTL fleets are taking on more debt after a difficult first quarter