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"Trucking company stocks tumbled Tuesday after several firms gave bleak outlooks for freight demand, raising fears that the industry may soon need to cut shipping rates. United Parcel Service Inc. reported a drop in volumes in its UPS Freight less-than-truckload unit, where loads from multiple shippers are packed on each vehicle. The report came after Roadrunner Transportation Systems Inc., which operates a midsize LTL fleet, cut its guidance for future profits and revenue on Monday, citing weak demand and “aggressive pricing activity,” indicating lower rates offered by its competitors. Swift Transportation Co., the largest truckload carrier in the U.S., also said Tuesday that it would stop expanding its fleet in an effort to hold the line on prices."
"Trucking company stocks tumbled Tuesday after several firms gave bleak outlooks for freight demand, raising fears that the industry may soon need to cut shipping rates. United Parcel Service Inc. reported a drop in volumes in its UPS Freight less-than-truckload unit, where loads from multiple shippers are packed on each vehicle. The report came after Roadrunner Transportation Systems Inc., which operates a midsize LTL fleet, cut its guidance for future profits and revenue on Monday, citing weak demand and “aggressive pricing activity,” indicating lower rates offered by its competitors. Swift Transportation Co., the largest truckload carrier in the U.S., also said Tuesday that it would stop expanding its fleet in an effort to hold the line on prices."
[text] Trucking Stocks Hit Reverse - WSJ
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