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.
Key Observations
- Trucking stocks have generally underperformed the S&P500 over the past year. The gap began early December 2024 and has widened significantly in the last month.
- Truckload stocks have outperformed LTL stocks. Despite better revenue and margin performance, LTL stocks have been less popular with investors. They have dropped 21.2% in the past year vs just a 14.2% drop for truckload stocks.
Index Components
The TruckAnswers Trucking Stock Index tracks stock performance of the following asset-based trucking companies:
- Truckload Carriers CVLG (Convenant Transport); HTLD (Heartland Express; JBHT (J.B. Hunt Transportation); KNX (Knight-Swift Transportation); LSTR (Landstar System); MRTN (Marten Transport); PAMT (PAM Transport); R (Ryder System); SNDR (Schneider National); WERN (Werner Enterprises).
- Less-Than-Truckload Carriers ARCB (ArcBest); FWRD (Forward Air); MTL (Mullen Group); ODFL (Old Dominion Freight Line); RRTS (Roadrunner Transportation Services); SAIA (Saia, Inc.); TFII (TFI International); XPO (XPO, Inc.).
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