![]() That still outpaced the broader index, which declined 2.47% as of Thursday's close. That doesn't look so bad, but is pessimism setting in? Before Friday's opening bell, the S&P transportation ETF was down 1.86% for the week. That index advanced 10.77% in the past three months and 9.41% in January. While it's not a "pure play" trucking index, it offers a glimpse into what manufacturers are shipping to various business customers. It also tracks airlines, railroads, bulk shippers, and freight forwarders. Hunt, Old Dominion, and Landstar System, Inc (NASDAQ: LSTR), among other trucking and logistics companies. However, the SPDR S&P Transportation ETF (NYSEARCA: XTN) includes J.B. There's no major index that tracks trucking in particular. ![]() In the earnings call, company president Shelly Simpson sought to ease investor concerns about a lengthy downturn, saying, "We have had good signals from our customers about Q2 starting up back to a more normalized or having a more normal environment." +1-80 For Shopify Old Dominion Freight Line branded tracking experience for Shopify merchants Provide customers the best post-purchase experience and boost your sales. The service center services shippers in Edwardsville, Overland Park, Olathe, Gardner, Lee's Summit, Blue Springs, Liberty, Basehor, Tonganoxie, Lawrenceville, Leavenworth, Smithville, and Independence. However, shares rallied as the company increased its dividend. Old Dominion Freight Line's Kansas City service center is a break bulk facility in the Central States region and one of the largest facilities in OD's network. That was a year-over-year decline of 16% in earnings and revenue growth of just 4%, well below the double-digit pace in the past two years. (NASDAQ: JBHT) reported $1.92 per share on revenue of $3.649 billion, missing top and bottom-line views, as MarketBeat earnings data show. Other truckers are also seeing dramatic slowdowns. It's also worth following the entire industry to be sure Old Dominion's slowdown is not company-specific. That's still an excellent growth rate, but if customers put on the brakes, that's something to watch for. In the past two quarters, earnings growth decelerated from 53% to 36%. The same trend is occurring on the earnings side, where the company grew net income at double-digit rates for the past eight quarters.
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