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Earnings reflect tough ’09-- but an improving ‘10

Published Tuesday, February 02, 2010

Earnings reports are confirming that 2009 was indeed a very bad year for trucking. Yet truckload and less-than-truckload carriers along with analysts see signs of improvement in those very same numbers for 2010. However, any bump ups in freight volumes, rates, revenues and profits are likely to remain modest at best. (More LTL news) “We continue to believe pricing has reached an inflection point for the truckload industry,” said Jon Langenfeld, transportation & logistics analyst with investment firm Robert W. Baird & Co., in the company’s monthly research brief. “Though [TL] ...

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