Truck Stocks Outpace Markets as Profits Exceed Expectations
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Stock analysts said share prices of publicly traded trucking companies reflected the firms’ ability to consistently stay ahead of profit expectations by increasing freight rates and limiting capacity as freight volumes surge.
rucking stocks as a group have more than tripled the gains of the overall stock market this year, and probably will continue outpacing the market next year as fleets push profits higher, analysts said.
Trucking stocks in the past year have gained nearly 25%, compared with an 8% rise for the Dow Jones Industrial Average.
Similarly, prices of other transportation companies have also run ahead of the overall stock market over the past 12 months.
For the full story, see the Nov. 29 edition of Transport Topics. Subscribe today.
