Trucking Stocks Tumble!

TC101

Share prices in truckload freight carriers dipped sharply on Thursday after analysts at Stifel Inc. downgraded several operators, saying that pricing for long-haul trucking services is expected to remain weak for the rest of the year.

Truckload carriers fill their trailers with products from one individual shipper and typically carry them from a port or a warehouse to a distribution center. The four companies Stifel targeted for downgrades Thursday morning were USA Truck Inc., Hub Group Inc., Marten Transport Ltd. and Universal Truckload Services Inc.

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