wilkes

Where were free and his fellow MAGATS when the stock market was doing far better than it ever did under Trump? Oh that's right, "the stock market is no indication of the state of the economy."

Wrong again Anti, or maybe you are flat out lying. The following is from 3 separate articles. Which anti probably read but chose to lie about.

Stock Market Today: Trucking Stocks Suffer
Outside the Dow Jones index, trucking stocks fell broadly after J.B. Hunt Transport (JBHT) plunged on its first-quarter results - released late Tuesday - that missed expectations. The stock fell more than 8% to its lowest level since October 2022.

Saia (SAIA) skidded 2.7%, falling below its 50-day moving average and triggering a sell signal. Other trucking stocks fell, including ArcBest (ARCB), which finished at the 50-day line.

Weighing on the transports, J.B. Hunt Transport Services Inc.'s stock tumbled 9.3% toward a one-year low, after the trucking company reported first-quarter profits and revenue that missed expectations late Tuesday, citing weaker demand and pricing pressures. That also pushed shares of fellow trucker Old Dominion Freight Line Inc. down 5.6%.

That could be a concern for the outlook for the economy and Dow industrials. Based on the century-old Dow Theory of market analysis, the transport sector can be a key indicator of economic health. Basically, transports take to buyers what industrials make - so the economy can't keep growing if products aren't being delivered.

At least 11 brokerages cut price targets on JB Hunt.

Shares of JB Hunt and Knight-Swift closed down 8.1% and 4.3%, respectively, while transportation peers such as Werner and ArcBest closed down 2% and 6.2%.

"There does not seem to be a catalyst that can drive a meaningful change in the volume and/or pricing environment," Stephens analyst Justin Long said.

Right Anti, there is no need for alarm. We are just going along like always, Joe Biden has had no effect on us at all. Just look, we can still go out to eat some, we can drive some, we can heat and cool our homes some. We can even buy a few groceries, go on day trips near big crime ridden cities. As far as I can tell the only thing hindered is being able to buy a car, or house, graduate from college, and vote for the candidate of our choice. Nothing much has changed I guess.

JB Hunt first sounded alarm over a potential "freight recession" in last year's first quarter earnings conference call, then noting that pandemic over-buying depressed goods demand in the years that followed, weighing heavily on the freight and transport industry.

This continued through 2023, marked by rising trucking unemployment and the exit of a number of major carriers. Current trucking spot rates have fallen 6.5% so far this year, DAT Solutions said, according to WSJ.

Part of JB Hunt's dilemma comes from rising competition from Eastern truck companies, which has slashed into its domestic intermodal services. These truck-to-rail offerings, a core segment of the company's revenue, dropped 9% from last year's quarter.

EXACTLY!
We MUST protect our Trucking Companies!
Givem all the help possible. To offset all the spikes in logistic operating overhead.
We dont?
1 orange will be 15$(US) soon,real soon.
Protect our American Truckers.PERIOD.

Looks like Good Buddy Joe the 18 wheeler driver has forgotten his roots.

Dont like the price, dont buy it.

DB you just want to live in a world where everything is given to you, such a freeloader.

Trucking companies are missing earnings expectations left and right. Stocks are tumbling. Freight is not moving because people can't afford Bidenomics insane inflation.