All signs point to a prolonged trucking rally
from Freight Waves
Bullish commentary from the trucking industry and positive intraquarter updates from carriers have confirmed what the data has been showing for several weeks now: Third-quarter earnings for trucking companies will be strong and that strength may continue for a while. While second-quarter results came in ahead of lowered expectations, COVID-19’s impact on demand was evident in most financial reports. After a brief inventory restocking rally in March, trucking demand fell as manufacturing lockouts and municipal shutdown ordinances spread.
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