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Trucking companies throttle back expansion plans

from The Wall Street Journal

Large U.S. trucking companies are ratcheting back expansion plans after declining freight volumes cut into fourth-quarter profits. The lower earnings reported by half a dozen carriers confirmed that companies were weighed down late last year by uneven retail sales, high inventory levels and a manufacturing slowdown. Based on their 2016 guidance, they expect more of the same over the next few months. more


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