ExFlyBoy5
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I was listening to the "trucking" station on Sirius XM yesterday and they were discussing the current self-described freight recession. I was somewhat shocked to hear that many of the trucking companies have had pretty bad numbers going back for a while. Over the last 52 weeks, some of the biggest players:
JB Hunt; stock down 23%
Schnieder; down 34%
Knight Swift; down 12%
Arcbest; down 39%
Also,
https://www.freightwaves.com/news/act-research-says-trucking-sector-is-in-a-recession
Granted, this is a small sliver of the economy in general, but it seems as though it's been largely ignored.
JB Hunt; stock down 23%
Schnieder; down 34%
Knight Swift; down 12%
Arcbest; down 39%
Also,
New truck orders soared in June, July and August of 2018 (SONAR: ORDERS.CL8), typically the three slowest order months of the year. Fleets raced to place orders so they could have new equipment to take advantage of a hot freight market. That led truck makers to pull ahead business that typically is booked in the fall.
Orders began to ease in November 2018, and have been lower every month on a year-over-year basis since. The 13,100 orders placed in June compared with 42,200 placed in the same month last year.
https://www.freightwaves.com/news/act-research-says-trucking-sector-is-in-a-recession
Granted, this is a small sliver of the economy in general, but it seems as though it's been largely ignored.